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.