Badger Income Fund serves contractors that really need to dig in. Badger's Daylighting (exposing underground infrastructure to daylight) business, specializes in non-destructive excavating services primarily for petroleum and utility contractors, but also serves the oil and gas pipeline, utility, transportation, industrial, and engineering sectors. Badger designs and manufactures truck mounted pressurized water and vacuum units used to safely expose utility cables and pipelines. The company's main product, the Hydrovac, is used to liquefy topsoil with a jet of water before the sediment is removed with a vacuum and held in a storage tank while work is being done. Canada accounts for over 60% of sales.
The company increased its fleet size almost 25% in 2008 from that in 2007. While it continues to grow its Canadian business, especially in Western Canada, Badger is looking to its south-of-the-Canadian-border friend for business to help it utilize its beefed-up fleet. The company is banking on an increase in infrastructure spending by North American governments as an opportunity to expand its geographic reach. Additionally, it recognizes that power companies and industrial plants will require maintenance, despite the economic downturn; Badger views these situations as opportunistic ventures in 2009 and beyond. – less