M&A Deal Summary

Bushel Acquires GrainBridge

On October 12, 2021, Bushel acquired software company GrainBridge from ADM and Cargill

Acquisition Highlights
  • This is Bushel’s 2nd transaction in the Software sector.
  • This is Bushel’s 2nd transaction in the United States.
  • This is Bushel’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2021-10-12
Target GrainBridge
Sector Software
Buyer(s) Bushel
Sellers(s) ADM
Cargill
Deal Type Divestiture

Target

GrainBridge

Omaha, Nebraska, United States
GrainBridge delivers unique, world-class, software solutions to the agriculture industry that allow the farmer-rancher-feeder to maximize efficiencies, productivity, and profitability for their respective business. GrainBridge is based in Omaha, Nebraska.

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Buyer(S) 1

Buyer

Bushel

Fargo, North Dakota, United States
Category Company
Sector Software
DESCRIPTION

Bushel is an independently-owned software technology company for growers, grain buyers, ag retailers, protein producers and food companies. Bushel is based in Fargo, North Dakota.

DEAL STATS #
Overall 2 of 2
Sector (Software) 2 of 2
Type (Divestiture) 1 of 1
State (Nebraska) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 FarmLogs

Ann Arbor, Michigan, United States

FarmLogs is an independent provider of technology solutions for row crop farms. the company farm management software allows growers to visualize their farm’s financial position in real time to make informed decisions that contribute to their bottom line. FarmLogs was founded in 2011 Ann Arbor, Michigan.

Buy -

Seller(S) 2

SELLER

ADM

Chicago, Illinois, United States
Category Company
Founded 1902
Sector Agriculture
Employees40,213
Revenue 93.9B USD (2023)
DESCRIPTION
Entrance to ADM's corporate headquarters in downtown Chicago, Illinois.
Entrance to ADM's corporate headquarters in downtown Chicago, Illinois.

ADM is a processor of oilseeds, corn, wheat, cocoa, and other agricultural commodities and is a manufacturer of protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other value-added food and feed ingredients. The Company also has a global grain elevator and transportation network to procure, store, clean, and transport agricultural commodities, such as oilseeds, corn, wheat, milo, oats, and barley, as well as processed agricultural commodities. ADM was founded in 1902 and is based in Chicago, Illinois.

DEAL STATS #
Overall 8 of 8
Sector (Software) 1 of 1
Type (Divestiture) 8 of 8
State (Nebraska) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 Sojaprotein

Becej, Serbia

Sojaprotein is a non-GMO soy ingredients provider that offers a wide array of non-GMO vegetable protein ingredients for an extensive list of European and global customers in the meat alternative, confectionary, protein bar, pharmaceutical, pet food, and animal feed segments. Sojaprotein was formed in 1977 and is based in Becej, Serbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Deerland Probiotics & Enzymes

Kennesaw, Georgia, United States

Deerland Probiotics & Enzymes is a developer, formulator, and manufacturer of enzyme- and probiotic-based dietary supplements. Deerland specializes in customized product formulations and offers a line of clinically-studied branded ingredients, including its probiotic, DE111, which recently earned Non-GMO Project verification and Health Canada approval. The Company also offers multiple branded enzymes, including its innovative Glutalytic and ProHydrolase products. Deerland Enzymes was founded in 1990 and is based in Kennesaw, Georgia.

Buy -
SELLER

Cargill

Wayzata, Minnesota, United States
Category Company
Founded 1865
Sector Agriculture
Employees142,000
Revenue 136.6B USD (2012)
DESCRIPTION
Cargill's corporate headquarters in Wayzata, Minnesota.
Cargill's corporate headquarters in Wayzata, Minnesota.

Cargill is a global company involved in the food, agriculture, financial, and industrial sectors. Its operations include the trading, processing, and distribution of agricultural commodities; production of meat, poultry, and other food products for both retail and foodservice markets; and the provision of essential industrial products like salt and bio-industrial materials. Cargill was formed in 1865 and is based in Wayzata, Minnesota.

DEAL STATS #
Overall 21 of 22
Sector (Software) 1 of 2
Type (Divestiture) 17 of 18
State (Nebraska) 1 of 1
Country (United States) 14 of 15
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Arkema - Epoxides Business

Blooming Prairie, Minnesota, United States

Arkema's Epoxides Business is a manufacturer of processes that combines soybean oil and other vegetable oils with hydrogen peroxide, resulting in the oxidation of soybean/vegetable oil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 Croda International - Bio-Based Industrial Business

Goole, United Kingdom

Croda’s bio-based industrial business includes production facilities across Europe and Asia, along with a strong technology portfolio that supports leading market positions in automotive, polymer, and food packaging applications.

Buy $1.0B
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