M&A Deal Summary

AgStar Financial Services ACA Acquires Two Ethanol Plants in Nebraska

On January 1, 2009, AgStar Financial Services ACA acquired chemicals company Two Ethanol Plants in Nebraska from VeraSun Energy

Acquisition Highlights
  • This is AgStar Financial Services ACA’s 1st transaction in the Chemicals sector.
  • This is AgStar Financial Services ACA’s 1st transaction in the United States.
  • This is AgStar Financial Services ACA’s 1st transaction in Nebraska.
Investment Fate
  • Two Ethanol Plants in Nebraska was divested to a consortium of strategic buyers in 2009 for 124M USD.

M&A Deal Summary

Date 2009-01-01
Target Two Ethanol Plants in Nebraska
Sector Chemicals
Buyer(s) AgStar Financial Services ACA
Sellers(s) VeraSun Energy
Deal Type Divestiture

Target

Two Ethanol Plants in Nebraska

Nebraska, United States
Two Ethanol Plants are located near Central City and Ord. The Central City plant adds 100 million gallons and the Ord plant adds 50 million gallons of annual expected production capacity.

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Buyer(S) 1

Buyer

AgStar Financial Services ACA

Rochester, Minnesota, United States

Category Company
Founded 1918
Sector Financial Services
DESCRIPTION
AgStar branch in Duluth, Minnesota.
AgStar branch in Duluth, Minnesota.

AgStar Financial Services, ACA is a provider of financial services to the agriculture sector.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Nebraska M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-06 Two Ethanol Plants in Nebraska

Nebraska, United States

Two Ethanol Plants are located near Central City and Ord. The Central City plant adds 100 million gallons and the Ord plant adds 50 million gallons of annual expected production capacity.

Sell $124M

Seller(S) 1

SELLER

VeraSun Energy

Aurora, South Dakota, United States

Category Company
Founded 1980
Sector Chemicals
DESCRIPTION

VeraSun Energy, we are focused on creating a future that includes renewable energy. Our nation's growing dependence on fossil fuels and the impact of our consumption have never been more apparent than they are today. We believe there is a better way—renewable fuels. VeraSun Energy files for bankruptcy in Nov 2008 and in Apr 2009 its assets were sold to Valero Renewable Fuels.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Nebraska M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Two Ethanol Plants in Nebraska

Nebraska, United States

Two Ethanol Plants are located near Central City and Ord. The Central City plant adds 100 million gallons and the Ord plant adds 50 million gallons of annual expected production capacity.

Buy -