M&A Deal Summary

LLR Partners Acquires AdeptAg

On May 12, 2022, private equity firm LLR Partners acquired agriculture company AdeptAg

Acquisition Highlights
  • This is LLR Partners’ 1st transaction in the Agriculture sector.
  • This is LLR Partners’ 118th transaction in the United States.
  • This is LLR Partners’ 3rd transaction in Ohio.

M&A Deal Summary
Date 2022-05-12
Target AdeptAg
Sector Agriculture
Buyer(s) LLR Partners
Deal Type Consolidation

Target

AdeptAg

Oberlin, Ohio, United States
AdeptAg offers turnkey design, automation solutions, irrigation systems, and services for any controlled environment production needs. The company provides professional horticultural and controlled-environment growers a complete platform of best-in-class, integrated solutions for maximizing yields and productivity. AdeptAg is based in Oberlin, Ohio.

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Buyer(S) 1

Buyer

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 119 of 127
Sector (Agriculture) 1 of 1
Type (Consolidation) 4 of 4
State (Ohio) 3 of 3
Country (United States) 118 of 126
Year (2022) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Rizing

Stamford, Connecticut, United States

Rizing is a global SAP consulting firm with the objective to empower businesses to unlock the intelligent enterprise with SAP cloud technologies, geospatial solutions, and proprietary, cutting-edge products to optimize and extend SAP such as Blueline, Lyra, Codex, Mercury, and Hydrogen. With real-life experience in business areas like enterprise asset management, human capital management, and consumer industries. Rizing is based in Stamford, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Allmark Door

Springfield, New Jersey, United States

Allmark Door is a commercial door and loading dock services provider. Allmark provides mission-critical repair, maintenance, and replacement services for high-performance industrial doors, pedestrian doors, and loading dock solutions. Allmark Door was founded in 1993 and is based in Springfield, New Jersey.

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