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Badger Meter

Milwaukee, WIwww.badgermeter.com1expert edge

U.S. water-meter and flow-instrumentation company. NYSE: BMI. Net sales of $826.6M in 2024 (+18% YoY). Cellular AMI architecture and BlueEdge suite.

Why interesting to a deal team

Standout growth comp in smart-water metering. Architectural lead in cellular AMI vs. legacy fixed-network competitors makes Badger the reference for smart-water capex thesis.

Experts connected to this company

KB

Ken Bockhorst

Chairman, President & CEO

Badger Meter

FounderMilwaukee

Runs the highest-growth public smart-water-metering pure-play. Most relevant operator comp for the cellular AMI transition.

Sources

Strongest evidencePage title2 public sourcesHow the grades work