ST. LOUIS--(BUSINESS WIRE)--Advantage Capital Agribusiness Partners, LP (ACAP) has announced a second investment in Pacific Ag, the nation’s largest crop residue supply chain solutions company, to help fund the acquisition of Calagri, a leading regional agricultural residue and hay harvesting company.
“I’m thrilled that the Rural Business Investment Company is maintaining momentum to deliver private sector investment in rural America,” said U.S. Secretary of Agriculture Tom Vilsack. “Matching private investors with businesses in rural communities helps companies get the capital they need to grow and create jobs. We are excited to see this fund continue to support businesses like Pacific Ag and look forward to seeing more partnerships like this come to fruition in the coming months.”
Based in Hermiston, Ore., Pacific Ag harvests and markets crop residues for hundreds of U.S. growers. The crop residues are then sold to customers throughout the world. Pacific Ag has become the leading service provider of agriculture biomass supply chain solutions, delivering hundreds of thousands of tons of product volume to end markets in the U.S. and around the world.
“As we grow and reach more customers, combining our expertise and experience will help us ensure our cost-competitive, year-round supply and streamlined harvesting and delivery,” said Pacific Ag founder and CEO Bill Levy. “We are pleased to welcome the entire Calagri team.”
Calagri is a harvest and transport service provider that excels at streamlining crop and harvest management for its customers. With the exception of Pacific Ag, Calagri is the largest forage and crop residue harvest company in the Pacific Northwest, with operations in Oregon, Washington and Idaho.
“We are proud to be a partner of Pacific Ag as it expands its operations and serves more customers throughout the Pacific Northwest with the acquisition of Calagri,” said Tim Hassler, principal at Advantage Capital. “With the experience and expertise of the Calagri team, Pacific Ag will continue to set the standard for agricultural supply chain solutions.”
ACAP is a $154.5 million fund that is licensed by the U.S. Department of Agriculture (USDA) as a Rural Business Investment Company (RBIC). The fund is a partnership between Advantage Capital and nine Farm Credit organizations, established to bring together resources and people focused on providing more private capital, small business investment and quality jobs to rural America. Farm Credit supports rural communities and agriculture with reliable, consistent access to credit and financial services.
About Advantage Capital Agribusiness Partners, LP (ACAP)
Advantage Capital Agribusiness Partners, LP (ACAP) is a $154.5 million fund that is licensed as a Rural Business Investment Company (RBIC) by the U.S. Department of Agriculture (USDA), which focuses on businesses involved in the production, processing and supply of agricultural products. It is a partnership between Advantage Capital Partners and nine Farm Credit organizations: AgCountry Farm Credit Services (Fargo, N.D.); AgStar Financial Services (Mankato, Minn.); AgriBank (St. Paul, Minn.); Capital Farm Credit (Bryan, Texas); CoBank (Denver, Colo.); Farm Credit Bank of Texas (Austin, Texas); Farm Credit Services of America (Omaha, Neb.); Farm Credit Services of Mid-America (Louisville, Ky.); and United FCS (Willmar, Minn.).
About Farm Credit
Farm Credit supports rural communities and agriculture with reliable, consistent credit and financial services, today and tomorrow. Farm Credit has been fulfilling its mission of helping these areas grow and thrive for a century by providing farmers, ranchers and others in rural America with the capital they need to make their businesses successful and by financing vital infrastructure and communication services. Because a steady flow of capital means more jobs and economic growth, Farm Credit is able to invest in the vibrancy of communities throughout rural America. For more information about Farm Credit, visit www.farmcreditnetwork.com.
Advantage Capital is an investment adviser registered under the Investment Advisers Act of 1940. Registration does not imply a certain level of skill or training. The information in this release is not intended to be an advertisement concerning investment advisory services or an offer to buy or sell securities of any type. Only accredited investors within the meaning of Regulation D under the Securities Act of 1933 (Reg. D) will be permitted to review offering materials or subscribe for interests in private funds referenced in documents prepared by Advantage Capital. In order to qualify as accredited investors, individuals and institutions must provide certain information and satisfy the criteria of Rule 506(c) under Reg. D. Advantage Capital has not allowed or considered any new investments in Advantage Capital Agribusiness Partners since the fund closed in 2014. Advantage Capital has no intent to open Advantage Capital Agribusiness Partners to new investments during the life of the fund.