M&A Deal Summary

Cargill Acquires Owensboro Grain

On November 28, 2022, Cargill acquired food company Owensboro Grain from Advantage Capital Partners

Acquisition Highlights
  • This is Cargill’s 18th transaction in the Food sector.
  • This is Cargill’s 19th transaction in the United States.
  • This is Cargill’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2022-11-28
Target Owensboro Grain
Sector Food
Buyer(s) Cargill
Sellers(s) Advantage Capital Partners
Deal Type Add-on Acquisition

Target

Owensboro Grain

Owensboro, Kentucky, United States
Owensboro Grain produces a vast array of products from soybeans at its plant locations on the Ohio River in western Kentucky. The company’s soy products include protein meal and hull pellets for animal feeds, crude and degummed oil, lecithin, various blends of refined vegetable oil for human consumption, biodiesel and glycerin. Owensboro Grain was founded in 1906 and is based in Owensboro, Kentucky.

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Buyer(S) 1

Buyer

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 41 of 41
Sector (Food) 18 of 18
Type (Add-on Acquisition) 25 of 25
State (Kentucky) 1 of 1
Country (United States) 19 of 19
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-27 Salmones

Los Lagos, Chile

Salmones is a food production company that produces salmon, sea snails, abalone, and crabs. Salmones Salmones is based in Los Lagos, Chile.

Buy -

Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 94 of 97
Sector (Food) 3 of 3
Type (Add-on Acquisition) 53 of 54
State (Kentucky) 2 of 3
Country (United States) 94 of 97
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 TPG Plastics

Murray, Kentucky, United States

TPG Plastics is a manufacturer of engineered plastics blow molded products, specializing in large drop blow molded parts and fuel management solutions. TPG Plastics was founded in 2018 and is based in Murray, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 NRE

Mount Vernon, Illinois, United States

NRE is a provider of remanufactured locomotives for sale or lease, third-party locomotive and marine engine overhaul and maintenance services, and locomotive parts and components. NRE was founded in 1984 and is based in Mount Vernon, Illinois.

Sell -
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