PE-backed Northern Agri sells animal feed provider WestFeeds

Northern Agri Holdings LLC, a portfolio company of Lariat Partners, has sold Billings, Montana-based WestFeeds LLC, a provider of animal feed and nutritional products for cattle, equine, poultry, sheep, swine, goats, and companion animals. The buyer was Ridley USA. No financial terms were disclosed.

PRESS RELEASE

DENVER, May 31, 2017 – Lariat Partners, a Denver-based private equity firm, announced the sale of WestFeeds, LLC (WestFeeds or the Company), a subsidiary of Lariat’s portfolio company Northern Agri Holdings, LLC, to Ridley USA.

Based in Billings, Montana, WestFeeds is a leading manufacturer, distributor, and retailer of animal feed and nutritional products and offers feed, mineral premixes, and supplements for cattle, equine, poultry, sheep, swine, goats, and companion animals. The Company operates out of three state-of-the-art manufacturing facilities (two in Billings and one in Great Falls) as well as five retail locations throughout Montana. WestFeeds also markets its animal nutrition products through an extensive network of dealers in Montana, Wyoming, and Idaho.

Ridley, a subsidiary of Alltech, is based in Mankato, Minnesota, and is one of the leading commercial animal nutrition companies in North America. Ridley serves customers ranging from those who produce meat, milk, and eggs, to those with specialty and companion animals and niche segments from show feed customers to lifestyle farmers.

Kevin Mitchell, Managing Partner at Lariat Partners, said “WestFeeds has a long history of focus on top-quality nutrition and dedication to western livestock producers. The transaction will allow Ridley to capitalize on WestFeeds’ strong reputation for providing high quality animal nutrition products and its commitment to customer service. Northern Agri Holdings will continue to focus on its certified seed and forage crop genetics businesses.”

Based in Great Falls, MT, Northern Agri Holdings’ remaining business segments include Northern Seed, a distributor of certified seed and provider of other seed services; and Northern Agri Brands, which owns, develops, and markets various forage crop seed genetics. Integris Partners advised Northern Agri Holdings on the WestFeeds transaction.

About Lariat
Denver-based Lariat Partners is a private equity firm focused on redefining the private equity experience with business owners and 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 business owners and entrepreneurs and growing their middle market businesses. Using CORE, Lariat has invested in companies across many industries, including Food and Agribusiness, Energy and Environmental Services, Industrial Services, Consumer Products, and Specialty Distribution.  For more information, visit www.lariatpartners.net.