Lariat Partners Announces Add-On Acquisition to Montana-Based Agriculture Platform, Northern Seed, LLC
Northern Seed, LLC acquires the assets of Montana Seed and Chemical, LLC
DENVER--(BUSINESS WIRE)--Lariat Partners, a Denver-based private equity firm founded by managing partners Kevin Mitchell and Jay Coughlon, has announced an add-on acquisition to its specialty agriculture business based in Montana. Northern Seed, LLC has acquired the assets of Montana Seed and Chemical, LLC, based in Billings, MT. This is the second Billings-based acquisition completed by Northern Seed, having closed its investment in Westfeeds, Inc. in November 2013.
“We are very pleased to have the opportunity to build upon the impressive Montana Seed legacy in this market”
Northern Seed is a distributor of certified wheat seed and other small grains, as well as a provider of seed conditioning and treatment services to growers. Westfeeds is a livestock feed and nutritional supplements manufacturing and distribution company founded in 1973. The addition of Montana Seed and Chemical to the Specialty Agriculture platform will add critical market share for the seed distribution business in the Yellowstone valley and into Eastern Montana and Northern Wyoming. “We are very pleased to have the opportunity to build upon the impressive Montana Seed legacy in this market,” stated Ron Ueland, president of Northern Seed.
Northern Seed, LLC, based in Butte, is now comprised of six seed conditioning plants, located in Shelby, Conrad, East Pondera County, Fort Benton, and now Billings. Westfeeds has operations in Billings, Great Falls, Dillon, Miles City, and Lewistown. Ueland further states, “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. This acquisition enhances the ability to get these producers what they need, with quality supply and information, now and into the future.”
“Given Lariat’s emphasis on investing in Specialty Agriculture products and services that improve the efficiencies and yield for growers, this opportunity is an ideal fit for us,” said Mitchell. “We are excited about the new opportunities created by this add-on acquisition and we look forward to working closely with Ron and the management team to execute their exciting vision for growth.”
About Lariat Partners
Founded in January 2013 by Jay Coughlon and Kevin Mitchell, Denver-based Lariat Partners is a private equity firm focused on redefining the private equity experience with entrepreneurs in the lower-middle market. With its People First, Strategy Second relationship philosophy and its CORE Investment Strategy targeting COnsolidations, COnsumables and REcurring REvenue businesses, Lariat offers a differentiated approach to partnering with entrepreneurs and growing their businesses. The firm targets companies across a number of industries, including Specialty Agriculture and Energy & Environmental Services. For more information, visit www.lariatpartners.net.