Lariat Partners has made two investments. The firm has acquired a significant interest in Northern Seed, located in Butte and has provided the capital for Northern Seed’s investment in Westfeeds headquartered in Billings.
Lariat Partners, a Denver-based private equity firm formed earlier this year by co-founders/managing partners Kevin Mitchell and Jay Coughlon, has announced its investment in two specialty agriculture businesses based in Montana. The firm has acquired a significant interest in Northern Seed, LLC, located in Butte, and has provided the capital for Northern Seed’s investment in Westfeeds, Inc. headquartered in Billings.
Northern Seed is a distributor of certified wheat seed and other small grains, as well as a provider of seed conditioning and treatment services to growers. Westfeeds, founded in 1973, is a livestock feed and nutritional supplements manufacturing and distribution company. The focus of Lariat’s investment will be on expanding the market for certified wheat seed and other small grains in Montana and the surrounding markets. The investment in Westfeeds offers top-line synergy opportunities for Northern Seed by leveraging its sales force, distribution infrastructure, and customer base. Together, the two companies have 10 locations throughout Montana.
“As we grow in the agricultural sector, we are very pleased to have Lariat as a strategic investment partner,” said Ron Ueland, president of Northern Seed. “Lariat has a proven record with this type of growth strategy and we are excited for our customers and our stake holders that we have formed this strategic partnership.”
“Given Lariat’s emphasis on investing in specialty agriculture products and services that improve the efficiencies and yield for growers, this opportunity is an ideal fit for us,” said Mitchell. “We look forward to partnering with Ron and his management team to execute their exciting vision for growth.”
About Lariat Partners
Denver-based Lariat Partners is a private equity firm focused on redefining the private equity experience with entrepreneurs in the lower-middle market. With its People First, Strategy Second relationship philosophy and its CORE Investment Strategy targeting COnsolidations, COnsumables and REcurring REvenue businesses, Lariat offers a differentiated approach to partnering with entrepreneurs and growing their middle market businesses. The firm targets companies across a number of industries, including Specialty Agriculture and Energy & Environmental Services.