Green Plains Cattle is the fourth largest cattle feeder in the US with a total capacity of more than 355,000 head of cattle
Image: AGR Partners and StepStone Group have purchased 50% stake in Green Plains Cattle. Photo: courtesy of Adam Radosavljevic from Pixabay.
AGR Partners, StepStone Group and several of their respective affiliates have acquired a 50% stake in US-based Green Plains Cattle Company from Green Plains for around $77m (£62.4m)
Green Plains and a group of investment funds have established a joint venture to own and operate Green Plains Cattle Company.
Green Plains president and CEO Todd Becker said: “We are excited about completing this transaction and the quality of investment partners who have aligned with us for the continued growth of Green Plains Cattle Company.
“This further validates the quality of the business we have built over the last several years and allows us to form new relationships with long term investors.”
Green Plains Cattle Company is the fourth largest cattle feeder in the US
Based in Omaha of Nebraska, Green Plains Cattle is claimed to be the fourth-largest cattle feeder in the US with a total capacity of over 355,000 head of cattle across six feedlots in three southwestern states.
The company has a production model that helps to promote steadfast adherence to the principles of sustainability, quality assurance, animal welfare, and responsible business practices, said Green Plains.
AGR Partners managing director Daniel Masters said: “AGR is pleased to partner with Green Plains and to work with Joel and the dynamic team he has assembled at Green Plains Cattle Company.
“We look forward to being a supportive partner in the continued growth of Green Plains Cattle Company.”
Green Plains is a diversified commodity-processing business that offers corn processing, grain handling and storage and commodity marketing and logistics services.
With its adjacent businesses, the company focuses on the production of high-protein feed ingredients and the creation of export growth opportunities.
Based in Davis of California and Chicago of Illinois, AGR Partners supports food company and agribusiness teams through long-term investments of non-controlling equity or subordinated debt to enable late-stage growth, strategic acquisitions, full buyouts and ownership transitions.