Davis, Calif., October 13th, 2020 – AGR Partners LLC (“AGR”), along with existing co-investor StepStone Group, completed the purchase of Green Plains Inc.’s remaining 50% ownership in their joint venture in Green Plains Cattle Company LLC (“GPCC”), the fourth largest cattle feeder in the United States. With the completion of this transaction, investment funds managed by AGR will become the majority owners of GPCC.
AGR and StepStone Group originally completed the purchase of a 50% ownership stake of GPCC in September 2019. Since then, GPCC has experienced record operating performance. The management team continues to implement best-in-class processes including risk management to help manage industry disruptions and deliver consistency for its suppliers and customers.Read More
Davis, Calif., May 31, 2019—AGR Partners LLC (“AGR”), with the ESOP shareholders and founders, announced today the completion of the sale of 3D Corporate Solutions’ Land-Based Animal Protein Division (“3D”) to Olympus Partners in partnership with 3D founders Ed Mareth and Kevin Keeling and the senior management team.
AGR provided growth capital to 3D in July 2015. Since then 3D has grown significantly to expand its products and services to the pet food industry. “AGR understood our business and the importance of our people. They have been great partners and always supported our growth,” said 3D’s Co-Founder Kevin Keeling.Read More
AGR Partners provides growth capital to South Carolina-based peach production and processing company
DAVIS, Calif., April 20, 2018— AGR Partners announces the firm’s new partnership with Titan Farms, a South Carolina-based, vertically integrated leader in peach production and processing. AGR’s capital will support the company’s current operations and growth plans.
“We are excited to partner with Chalmers and Lori Anne Carr and the Titan Farms team to support their growing business,” said Ejnar Knudsen, CEO of AGR Partners. “The AGR team looks forward to working with a premier fresh fruit and vegetable packer and processor.”Read More
Pat Roney, CEO/President of Vintage Wine Estates announced that AGR Partners, an investment firm dedicated to food and agribusiness, has provided growth capital through a minority equity stake in the company.
“We are delighted to enter into a partnership with AGR Partners,” commented Roney. “They understand the agricultural nature of our business and are fully on-board with our growth and long-term acquisition strategy.”Read More
Blacks Harbour NB, Canada: The Cooke family has completed the purchase of Icicle Seafoods, Inc and is pleased to have been able to work with AGR Partners, an investment firm dedicated to long-term, non- controlling equity investments in the food and agriculture value-chain, as a minority partner.
The purchase includes Icicle’s three business units, which harvest and process over 150,000 metric tonnes of seafood annually: wild salmon, groundfish and farmed Atlantic salmon.
With a worldwide network of cold storage and distribution facilities, Cooke will offer a large portfolio of seafood protein from the ocean – both farmed and wild – to a broad base of customers in the global marketplace.
AGR Partners, a provider of minority equity and subordinated debt to food and agribusiness companies, announces a new partnership and a significant growth capital investment in Georgia-based Almark Foods.
Almark Foods is a leading provider of hard-boiled, peeled eggs to retailers, convenience stores, restaurant chains and salad manufacturers nationwide. Founded in Gainesville, Ga., in 1979, Almark has expanded to three facilities which produce a variety of egg products including peeled and ready-to-eat hard-cooked eggs, frozen diced eggs, deviled egg kits and colored Easter eggs.
“This is a significant strategic partnership for Almark Foods and we’re very pleased to have the support of AGR Partners,” said Don Stoner, president of Almark. “AGR’s long-term vision for the business is consistent with and complementary to our ESOP employee ownership model, and their investment enables us to accelerate our expansion plans in order to serve our customers’ needs.”Read More
Investment firm AGR Partners is moving its headquarters to Davis to be closer to the food and agriculture hub around the University of California Davis.
The company is now based in Visalia and has an office in Chicago.
AGR invests internationally in food and agriculture companies. Since launching two years ago, AGR has made $150 million in investments, and it has access to $650 million in deployable funds, said managing partner Ejnar Knudsen. It invests on behalf of insurance companies and institutional investors.
AGR Partners was busy last week in announcing the opening of its Chicago office and the completion of investments in two additional companies.
The two newly announced investments are with 3D Corporate Solutions, Monett, Mo, in the food ingredients and pet food industry and Tru-Test Limited operating in the dairy and livestock industry out of New Zealand.
AGR Partners is not looking at farmland investment at this time, Knudsen noted, but opening a new office in Chicago is part of the company’s plan to expand its national coverage from a central U.S. location.Read More
A California equity firm hopes to invest in fresh produce companies. Visalia, Calif.-based AGR Partners recently opened a Chicago office to expand its national coverage and to explore new opportunities in produce and other food and agribusiness companies, said Ejnar Knudsen, a managing partner in the firm.Read More