M&A Deal Summary

Nutrien Acquires Northern Seed

On September 17, 2019, Nutrien acquired food company Northern Seed from Lariat Partners

Acquisition Highlights
  • This is Nutrien’s 1st transaction in the Food sector.
  • This is Nutrien’s 5th transaction in the United States.
  • This is Nutrien’s 1st transaction in Montana.

M&A Deal Summary

Date 2019-09-17
Target Northern Seed
Sector Food
Buyer(s) Nutrien
Sellers(s) Lariat Partners
Deal Type Add-on Acquisition

Target

Northern Seed

Butte, Montana, United States
Northern Seed provides quality seeds, seed treatment, and services to its growers. Northern Seed was founded in 2007 and is based in Butte, Montana.

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Buyer(S) 1

Buyer

Nutrien

Saskatoon, Saskatchewan, Canada

Category Company
Founded 2017
Sector Chemicals
Employees25,900
Revenue 29.1B USD (2023)
DESCRIPTION

Nutrien is a provider of crop inputs and services. The company produce and distribute over 25 million tonnes of potash, nitrogen and phosphate products world-wide. Nutrien was founded in 2017 and is based in Saskatoon, Canada.


DEAL STATS #
Overall 9 of 11
Sector (Food) 1 of 1
Type (Add-on Acquisition) 7 of 9
State (Montana) 1 of 1
Country (United States) 5 of 5
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-28 Van Horn

Cerro Gordo, Illinois, United States

Van Horn, Inc. is a retailer and agricultural services provider. Van Horn, Inc. was founded in 1934 and is based in Cerro Gordo, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-14 Grupo Tec Agro

Goiás, Brazil

Grupo Tec Agro is an agricultural retailer owning branded soybean seeds businesses, recognized nationally for its product quality and performance, under the Sementes Goiás brand. The company is responsible for the commercialization of pesticides and seeds through five business centers distributed in the cities of Rio Verde, Jataí, Montividiu, Santa Helena and Paraúna. Its stores have the function of serving rural producers in the region where they operate and each count on their own team of agronomists, responsible for advising farmers.

Buy -

Seller(S) 1

DESCRIPTION

Lariat Partners is a lower middle-market private equity firm focused on buy-and-build investments of recurring revenue businesses. Target sectors include consumer products, energy and environmental services, food, healthcare services, marine services, safety, and specialty distribution. Prospective companies are generally profitable with $2 to $20 million of EBITDA. Lariat Partners was formed in 2013 and is based in Denver, Colorado.


DEAL STATS #
Overall 6 of 7
Sector (Food) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Montana) 1 of 1
Country (United States) 6 of 7
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Offen Petroleum

Commerce City, Colorado, United States

Offen Petroleum is a provider of fuel, lubricants, and logistics services in Colorado and the Rocky Mountain region. Offen sources and sells fuel in 12 states. In addition to fuels, Offen's lubricants division provides products and solutions for the commercial, industrial, and passenger car segments, as well as diesel exhaust fluids used in emission controls. The Company operates a specialty logistics division that is a premier fuel carrier throughout Colorado. Offen Petroleum was founded in 1930 and is headquartered in Commerce City, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 Ecoserv

Lafayette, Louisiana, United States

Ecoserv is a provider of non-hazardous industrial wastewater disposal solutions in the Gulf Coast. The facility employs deep-well injection technology and is strategically positioned within reach of key markets such as Houston and Beaumont, Texas, and Lake Charles, Louisiana, serving refinery, petrochemical, and environmental services customers. Ecoserv was founded in 1998 and is based in Lafayette, Louisiana.

Sell -