M&A Deal Summary

Precigen and Darling Ingredients Acquire EnviroFlight

On May 10, 2017, Precigen and Darling Ingredients acquired environmental company EnviroFlight

Acquisition Highlights
  • This is Precigen’s 1st and Darling Ingredients’ 6th transaction in the Environmental sector.
  • This is Precigen’s 6th and Darling Ingredients’ 4th transaction in the United States.
  • This is Precigen’s 1st and Darling Ingredients’ 2nd transaction in Kentucky.

M&A Deal Summary
Date 2017-05-10
Target EnviroFlight
Sector Environmental
Buyer(s) Precigen
Darling Ingredients
Deal Type Joint Venture

Target

EnviroFlight

Maysville, Kentucky, United States
EnviroFlight LLC is a provider in sustainable animal and plant nutrition aiming to drive transformative change in the global food supply. EnviroFlight's mission is to develop sustainable animal and plant nutrients using regionally available, low-value materials, emphasizing: production of nutrients in a socially responsible way; eliminate toxins, hormones, and antibiotics from our food supply; and reduce the environmental and financial costs to our food supply. EnviroFlight LLC is based in Maysville, Kentucky.

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Buyer(S) 2

Buyer

Precigen

Germantown, Maryland, United States
Category Company
Founded 1998
Sector Life Science
Employees202
Revenue 6M USD (2023)
DESCRIPTION

Precigen provides biologically based products and processes that improve the quality of life and health of the planet. The science underlying these products is known as synthetic biology – an engineered approach to the field of biology. Precigen was founded in 1998 and is based in Germantown, Maryland.

DEAL STATS #
Overall 10 of 10
Sector (Environmental) 1 of 1
Type (Joint Venture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 6 of 6
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-24 GenVec

Gaithersburg, Maryland, United States

GenVec, Inc. is a clinical-stage gene delivery company focused on developing a pipeline of cutting-edge therapeutics and vaccines using its proprietary AdenoVerse platform. The company is a pioneer in the design, testing and manufacture of adenoviral-based product candidates that can deliver on the promise of gene-based medicine.

Buy -
Buyer

Darling Ingredients

Irwing, Texas, United States
Category Company
Founded 1882
Sector Environmental
Employees15,800
Revenue 6.8B USD (2023)
DESCRIPTION

Darling Ingredients is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a wide range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy, and fertilizer industries. Darling Ingredients was incorporated in 1882 and is based in Irving, Texas.

DEAL STATS #
Overall 7 of 14
Sector (Environmental) 6 of 7
Type (Joint Venture) 1 of 1
State (Kentucky) 2 of 2
Country (United States) 4 of 7
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Custom Blenders

Terre Haute, Indiana, United States

Custom Blenders, Inc. is a food waste and bakery waste recycling company that specializes in providing commercial bakeries, food manufacturers and confectionary companies with professional and secure removal of inedible by-products. Custom Blenders, Inc. was founded in 1968 and is based in Terre Haute, Indiana.

Buy $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-21 Terra Renewal Services

Russellville, Arkansas, United States

Terra Renewal LLC is a provider of environmentally-friendly disposition solutions for non-hazardous liquid waste. On a recurring basis, Terra collects wastewater residuals from food processing companies, restaurants, municipalities and oil & gas companies and, in most cases, land applies this material for beneficial use on farmland pursuant to environmental permits. Terra Renewal also provides industrial and municipal lagoon and digester clean-out services, and yellow grease and grease-trap collection, reprocessing and recycling services.

Sell -
Mergr

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