Northern Seed, a portfolio company of Lariat Partners, has acquired the assets of Montana Seed and Chemical. This is the second add-on acquisition completed by Northern Seed.
Northern Seed, acquired by Lariat Partners in November 2013, is a distributor of certified seed and provides seed conditioning and treatment services to growers in the Montana area. The addition of Montana Seed and Chemical to Northern Seed will add market share for the company’s seed distribution business in the Yellowstone valley and into Eastern Montana and Northern Wyoming. Northern Seed also owns Westfeeds, a manufacturer and distributor of animal feed and nutrition products based in Billings, MT (www.westfeeds.net). Northern Seed is headquartered in Butte, MT (www.northernseedllc.com).
“Given Lariat’s emphasis on investing in specialty agriculture products and services that improve the efficiencies and yield for growers, the acquisition of Montana Seed and Chemical is an ideal fit for us,” said Kevin Mitchell, Co-Founder and Managing Partner of Lariat. “We are excited about the new opportunities created by this add-on acquisition and we look forward to working closely with Ron Ueland and the rest of the management team at Northern Seed to execute their exciting vision for growth.”
Lariat Partners invests in lower-middle market companies that are active in a number of industries, including specialty agriculture and energy & environmental services. The firm was founded in January 2013 by Jay Coughlon and Kevin Mitchell and is based in Denver (www.lariatpartners.net).
“We are very proud to have an agricultural-focused investment partner like Lariat, who is committed to building a quality driven supply chain for the benefit of the region’s producers, both in farming and livestock,” said Ron Ueland, President of Northern Seed. “This acquisition enhances the ability to get these producers what they need, with quality supply and information, now and into the future.”
© 2014 PEPD • Private Equity’s Leading News Magazine • 2-11-14
