Agribusiness Report Q4 2016 - sdr-uyfpxh6dk.netdna-ssl.com · Financial Buyer Inv. Date Select...

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Date Target Buyer(s) SegmentAmount

($ in Mil)12/29/2016 SureHarvest, Inc. Where Food Comes From, Inc. Agricultural Technology Services

$4.72

11/29/2016 GNP Co. Pilgrim's Pride Corp. Proteins 350.00

11/29/2016 Tigerflow Systems LLC Nanfang Industry Pte Ltd. Machinery & Equipment 9.41

11/21/2016 Clougherty Packing LLC Smithfield Foods, Inc. Proteins 145.00

11/18/2016 MT INDUSTRIES LLC Bharat Forge America, Inc. Machinery & Equipment 14.00

11/16/2016 Elore Enterprises LLC The Carlyle Group LP (Corporate Private Equity);

Grupo Empresarial Palacios Alimentación SA

Proteins

75.00

11/10/2016 Yargus Manufacturing, Inc. Ag Growth International, Inc. Machinery & Equipment 43.20

10/11/2016 Nexus Corp. (Colorado) Gibraltar Industries, Inc. Machinery & Equipment 25.00

10/3/2016 Tipper Tie, Inc. John Bean Technologies Corp. Machinery & Equipment 160.00

1

6 2

10

5 5 1 3

9

3 - 2 4 6 8

10 12

Strategic89%

Financial11%


Financial Buyer Inv. Date Select Corporate Acquisitions8/24/2016 ▪ Hip Chick Farms, Inc.6/23/2016 ▪ Pacific Ag

6/27/2016 ▪ Milk Specialties Company

12/10/2015 ▪ Blount International Inc.

5/9/2016 ▪ Lyrical Foods, Inc.

4/29/2016 ▪ Chef's Cut Real Jerky

3/8/2016 ▪ good culture, LLC

3/4/2016 ▪ Health-Ade, LLC

8/26/2015 ▪ High Brew Coffee, Inc.

5/2/2016 ▪ Crystal Peak Minerals Inc. (TSXV:CPM)

5/11/2015 ▪ Highfield Resources Limited (ASX:HFR)

6/30/2016 ▪ Oh My Green, Inc.

6/30/2016 ▪ Raptor Maps, Inc.

1/31/2016 ▪ Iron Ox, Inc.

1/31/2015 ▪ Shift Labs, Inc.

EMR Capital Pty Ltd

Y Combinator

American Securities

Advantage Capital Partners

CAVU Venture Partners

Strategic Buyer Inv. Date Select Corporate Acquisitions12/19/2016 ▪ East Haven Hay & Grain Supply, Inc.

11/7/2016 ▪ Loma Vista Nursery, Inc.

8/2/2016 ▪ Bissett Nursery Corporation

4/5/2016 ▪ Blue Max Materials, Inc.

1/4/2016 ▪ Hydro-Scape Products, Inc.

8/31/2015 ▪ Tieco, Inc.

Premier Tech Ltd. 5/26/2016 ▪ Manufacturing Facility located in Mattaponi

12/1/2015 ▪ Smurfit Kappa Comptoir du Pin, Tree Bark Division

6/2/2015 ▪ Agrium Advanced Technologies, Inc.

10/28/2014 ▪ Conder Solutions Ltd

3/11/2013 ▪ SA FALIENOR

8/4/2016 ▪ Nine Farms Totaling 5,477 Acres

7/7/2016 ▪ 2,400 Acres of Land in Florida

5/9/2016 ▪ Three Farms Totalling 1,111 Acres in Georgia and Mississippi

4/4/2016 ▪ 7,400 Acre Farm in Lousiana

3/2/2016 ▪ 1254 Farms in Five States

4/15/2016 ▪ Jones Bros. Tree & Landscape Co., Inc.

4/23/2015 ▪ Kerns Brothers Tree Services & Landscaping, LLC

4/2/2015 ▪ Nature First Tree Care, Inc.

7/31/2014 ▪ Lawn Logic, LLC

4/1/2014 ▪ Wetland Studies and Solutions, Inc.

6/30/2016 ▪ Oragenics Inc. (Private Placement)

2/25/2016 ▪ EnviroFlight, LLC

2/27/2015 ▪ Okanagan Specialty Fruits Inc.

SiteOne Landscape Supply, Inc. (NYSE:SITE)

Farmland Partners Inc. (NYSE:FPI)

The Davey Tree Expert Company

Intrexon Corporation (NYSE:XON)


-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

Diversified Agribusiness Crop/ Turf/ Ornamental Inputs Animal Health & Nutrition

Machinery & Equipment Distribution Agricultural Technology Services

Dairy Produce Proteins

Oilseeds & Ingredients S&P 500

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Archer-Daniels-Midland Co. ADM 26,267$ 45.65$ 8.3% 24.5% 95.3% 1.9% 2.9% 0.5x 14.6x 17.4x 0.5x 9.2x

Bunge Ltd. BG 10,073 72.24 22.0% 5.8% 97.6% 5.8% (0.8%) 0.3x 10.0x 17.0x 0.3x 6.6x

Seaboard Corp. SEB 4,628 3,951.99 14.9% 36.5% 87.0% NM 7.0% 0.8x 12.6x 14.8x NM NM

The Andersons, Inc. ANDE 1,261 44.70 23.5% 41.3% 99.6% 6.6% 7.9% 0.4x 9.5x NM 0.4x 8.5x

Limoneira Co. LMNR 305 21.51 13.8% 44.0% 98.8% (2.4%) 3.0% 3.6x 28.1x 41.4x 3.7x 21.9x

Alico, Inc. ALCO 226 27.15 1.1% -29.8% 69.7% NM 2.0% 3.0x 11.5x 32.3x NM NM

Segment Average $7,127 13.9% 20.4% 91.3% 3.0% 3.7% 1.4x 14.4x 24.6x 1.2x 11.6x

Segment Median $2,944 14.3% 30.5% 96.5% 3.8% 3.0% 0.6x 12.0x 17.4x 0.4x 8.9x

Market Stats Operating Stats LTM Multiples NTM Multiples



($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

E.I. du Pont de Nemours & Co. DD 63,810$ 73.40$ 9.6% 10.2% 96.8% 6.7% 12.8% 2.8x 14.8x 32.2x 2.7x 11.6x

The Dow Chemical Co. DOW 64,165 57.22 10.4% 11.1% 96.4% 7.2% 19.1% 1.8x 9.3x 9.0x 1.7x 8.1x

Monsanto Co. MON 46,133 105.21 2.9% 6.8% 92.1% 1.6% 19.0% 3.8x 13.8x 29.1x 3.7x 13.0x

Syngenta AG SYT 36,663 79.05 -9.8% 0.4% 88.7% 6.1% 25.4% 3.1x 15.7x 30.9x 2.9x 13.9x

Potash Corp. of Saskatchewan, Inc. POT 15,208 18.09 10.8% 5.7% 91.0% (19.0%) 24.9% 4.1x 14.4x 28.6x 4.9x 13.0x

Agrium, Inc. AGU 13,906 100.55 10.9% 12.5% 91.6% (2.8%) 7.1% 1.4x 11.4x 18.1x 1.4x 10.6x

The Mosaic Co. MOS 10,271 29.33 19.9% 6.3% 93.0% (3.2%) 15.8% 1.8x 10.7x 23.3x 1.8x 11.0x


FMC Corp. FMC 7,570 56.56 17.0% 44.5% 94.3% 4.8% 20.0% 2.9x 14.4x NM 2.7x 12.1x

CF Industries Holdings, Inc. CF 7,338 31.48 29.3% -22.9% 76.2% 6.3% 18.7% 3.7x 9.9x 103.5x 3.5x 11.7x

Scotts Miracle-Gro Co. SMG 5,735 95.55 14.7% 48.1% 96.7% 7.5% (2.5%) 2.5x 14.5x 18.8x 2.4x 12.7x

Compass Minerals International, Inc. CMP 2,647 78.35 6.3% 4.1% 94.9% 52.5% 22.8% 3.5x 13.1x 21.5x 2.3x 10.4x

Platform Specialty Products Corp. PAH 2,732 9.81 21.0% -23.5% 75.6% 9.1% 18.5% 2.4x 11.5x NM 2.1x 9.6x

Terra Nitrogen Co. LP TNH 1,900 102.71 -8.6% 1.1% 80.9% NM 48.8% 4.0x 6.4x 12.5x NM NM

Central Garden & Pet Co. CENT 1,555 33.09 27.3% 144.7% 95.9% 5.1% 6.2% 1.1x 11.4x 38.0x 1.0x 10.8x


CVR Partners LP UAN 681 6.01 13.4% -25.0% 61.6% 12.9% 24.9% 3.7x 11.8x 42.9x 3.3x 9.3x

American Vanguard Corp. AVD 562 19.15 19.2% 36.7% 95.8% 9.5% 10.6% 1.9x 16.8x 46.7x 1.8x 12.4x

AgroFresh Solutions, Inc. AGFS 132 2.65 -49.9% -58.1% 38.1% 13.0% 56.1% 3.1x NM NM 2.8x 5.5x

Arcadia Biosciences, Inc. RKDA 41 0.92 -52.8% -69.7% 26.9% 67.3% (357.9%) 3.0x NM NM 1.8x NM

Intrepid Potash, Inc. IPI 159 2.08 84.1% -29.5% 63.8% (22.4%) (13.2%) 1.3x NM NM 1.7x 10.5x

S&W Seed Co. SANW 82 4.60 -9.8% 9.0% 86.0% 8.6% (9.4%) 1.0x 20.1x NM 0.9x 10.5x

China Green Agriculture, Inc. CGA 45 1.20 -17.8% -21.6% 71.4% NM 26.6% NM NM 1.8x NM NM

Origin Agritech Ltd. SEED 54 2.36 -0.4% 65.0% 74.0% NM NM 1.6x NM NM NM NM

Marrone Bio Innovations, Inc. MBII 53 2.14 25.1% 94.5% 76.7% 80.3% (149.4%) 7.1x NM NM 3.9x NM

Segment Average $11,711 8.7% 11.9% 82.2% 12.0% (6.2%) 2.6x 12.6x 29.6x 2.3x 10.6x




($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

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Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Merck & Co., Inc. MRK 162,313$ 58.87$ -5.7% 11.5% 89.9% 1.4% 40.7% 4.4x 12.0x 30.0x 4.4x 10.6x

Archer-Daniels-Midland Co. ADM 26,267 45.65 8.3% 24.5% 95.3% 1.9% 2.9% 0.5x 14.6x 17.4x 0.5x 9.2x

Zoetis, Inc. ZTS 26,435 53.53 2.9% 11.7% 98.9% 6.5% 35.9% 6.2x 18.6x 38.5x 5.9x 15.4x

Ingredion, Inc. INGR 9,047 124.96 -6.1% 30.4% 89.3% 4.1% 18.5% 1.8x 9.8x 18.6x 1.8x 9.5x

The Mosaic Co. MOS 10,271 29.33 19.9% 6.3% 93.0% (3.2%) 15.8% 1.8x 10.7x 23.3x 1.8x 11.0x

IDEXX Laboratories, Inc. IDXX 10,514 117.27 4.0% 60.8% 96.3% 11.1% 24.0% 6.5x 27.9x 49.9x 5.9x 24.4x

Patterson Cos., Inc. PDCO 4,017 41.03 -10.7% -9.2% 81.4% 2.1% 7.2% 0.9x 10.1x 19.1x 0.9x 11.4x

Darling Ingredients, Inc. DAR 2,125 12.91 -4.4% 22.7% 81.0% 3.7% 12.2% 1.2x 9.1x 14.5x 1.1x 8.3x

Neogen Corp. NEOG 2,506 66.00 18.0% 16.8% 95.5% 13.5% 22.5% 6.9x 32.7x 64.1x 6.2x 27.6x

Balchem Corp. BCPC 2,662 83.92 8.2% 38.0% 94.5% 5.5% 25.1% 5.4x 21.7x 48.0x 5.1x 16.8x

Central Garden & Pet Co. CENT 1,555 33.09 27.3% 144.7% 95.9% 5.1% 6.2% 1.1x 11.4x 38.0x 1.0x 10.8x

Omega Protein Corp. OME 562 25.05 7.2% 12.8% 95.2% (3.0%) 26.9% 1.4x 5.5x 18.0x 1.4x 5.8x

Aemetis, Inc. AMTX 28 1.39 28.7% -52.1% 46.4% 8.4% 3.8% 1.0x 86.4x NM 0.9x 13.9x






($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Deere & Co. DE 32,651$ 103.04$ 20.7% 35.1% 98.3% (11.9%) 16.1% 2.4x 14.4x 21.4x 2.7x 22.5x

CNH Industrial NV CNHI 11,833 8.69 20.4% 27.0% 93.9% (3.3%) 9.2% 1.3x 11.8x NM 1.3x 14.1x

The Toro Co. TTC 6,049 55.95 19.4% 53.1% 96.0% 4.3% 13.1% 2.6x 15.4x 27.2x 2.5x 14.8x

AGCO Corp. AGCO 4,644 57.86 17.3% 27.5% 94.5% 0.6% 7.3% 0.9x 11.3x 30.0x 0.9x 11.0x

Valmont Industries, Inc. VMI 3,172 140.90 4.7% 32.9% 90.3% 2.0% 12.4% 1.5x 12.2x 43.3x 1.4x 10.1x

Advanced Drainage Systems, Inc. WMS 1,135 20.60 -14.4% -14.3% 72.3% 2.8% NM 1.5x 12.0x 34.3x 1.4x 8.4x

Alamo Group, Inc. ALG 876 76.10 15.5% 46.1% 96.4% 0.1% 12.0% 1.1x 9.3x 20.0x 1.1x 10.3x

Lindsay Corp. LNN 793 74.61 0.9% 3.1% 82.9% 2.3% 6.1% 1.6x 19.3x 57.0x 1.6x 13.6x

Raven Industries, Inc. RAVN 911 25.20 9.4% 61.5% 93.7% NM NM 3.4x 25.1x NM 3.3x 20.0x

Ag Growth International, Inc. AFN-CA 576 39.16 18.2% 58.0% 89.8% 25.5% 18.7% 2.1x 15.8x 864.5x 2.0x 11.6x

Titan International, Inc. TWI 606 11.21 10.8% 184.5% 92.3% 3.0% 2.0% 0.8x 31.8x NM 0.8x 12.4x

Titan Machinery, Inc. TITN 318 14.57 40.1% 33.3% 91.5% (3.2%) 3.7% 0.6x NM NM 0.6x 24.7x

Cervus Equipment Corp. CVL-CA 186 11.82 36.9% 19.5% 94.2% 3.3% 5.9% 0.5x 10.4x 12.4x 0.5x 9.5x

Rocky Mountain Dealerships, Inc. RME-CA 140 7.23 3.7% 55.3% 96.2% 5.4% 6.7% 0.6x 11.9x 12.6x 0.5x 12.9x

Paul Mueller Co. MUEL 36 27.80 -7.3% 3.0% 81.8% NM (8.0%) 0.3x 7.5x 308.9x NM NM

Bion Environmental Technologies, Inc. BNET 17 0.75 -11.8% 1.1% 68.8% NM NM 8211.8x NM NM NM NM

Art's-Way Manufacturing Co., Inc. ARTW 14 3.40 12.6% 9.7% 98.6% NM NM 0.7x 38.3x NM NM NM

Tytan Holdings, Inc. TYTN 0 0.00 -17.1% 6.3% 18.6% NM NM NM NM NM NM NM


Segment Median $700 11.7% 30.2% 93.0% 2.3% 7.3% 1.3x 12.2x 30.0x 1.4x 12.7x



($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Agrium, Inc. AGU 13,906$ 100.55$ 10.9% 12.5% 91.6% (2.8%) 7.1% 1.4x 11.4x 18.1x 1.4x 10.6x

Tractor Supply Co. TSCO 9,950 75.81 12.6% -11.3% 78.0% 10.0% 11.5% 1.6x 12.6x 24.1x 1.5x 11.8x

Scotts Miracle-Gro Co. SMG 5,735 95.55 14.7% 48.1% 96.7% 7.5% (2.5%) 2.5x 14.5x 18.8x 2.4x 12.7x






($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

IDEXX Laboratories, Inc. IDXX 10,514$ 117.27$ 4.0% 60.8% 96.3% 11.1% 24.0% 6.5x 27.9x 49.9x 5.9x 24.4x

Raven Industries, Inc. RAVN 911 25.20 9.4% 61.5% 93.7% NM NM 3.4x 25.1x NM 3.3x 20.0x

Arcadia Biosciences, Inc. RKDA 41 0.92 -52.8% -69.7% 26.9% 67.3% (357.9%) 3.0x NM NM 1.8x NM

Iteris, Inc. ITI 117 3.64 0.0% 69.3% 90.1% 14.6% 0.8% 1.2x NM NM 1.0x 32.0x

Origin Agritech Ltd. SEED 54 2.36 -0.4% 65.0% 74.0% NM NM 1.6x NM NM NM NM

Marrone Bio Innovations, Inc. MBII 53 2.14 25.1% 94.5% 76.7% 80.3% (149.4%) 7.1x NM NM 3.9x NM

Bion Environmental Technologies, Inc. BNET 17 0.75 -11.8% 1.1% 68.8% NM NM 8211.8x NM NM NM NM

Segment Average $1,672 (3.8%) 40.4% 75.2% 43.3% (120.6%) 1176.4x 26.5x 49.9x 3.2x 25.4x

Segment Median $54 0.0% 61.5% 76.7% 41.0% (74.3%) 3.4x 26.5x 49.9x 3.3x 24.4x




($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Archer-Daniels-Midland Co. ADM 26,267$ 45.65$ 8.3% 24.5% 95.3% 1.9% 2.9% 0.5x 14.6x 17.4x 0.5x 9.2x

Ingredion, Inc. INGR 9,047 124.96 -6.1% 30.4% 89.3% 4.1% 18.5% 1.8x 9.8x 18.6x 1.8x 9.5x


FMC Corp. FMC 7,570 56.56 17.0% 44.5% 94.3% 4.8% 20.0% 2.9x 14.4x NM 2.7x 12.1x

Sensient Technologies Corp. SXT 3,500 78.58 3.7% 25.1% 94.2% 3.4% 18.9% 2.9x 15.3x 30.9x 2.9x 15.2x

Darling Ingredients, Inc. DAR 2,125 12.91 -4.4% 22.7% 81.0% 3.7% 12.2% 1.2x 9.1x 14.5x 1.1x 8.3x

SUNOPTA INCORPORATED SOY 611 7.14 3.5% 1.2% 92.9% 16.6% 6.4% NM NM NM NM NM

TerraVia Holdings, Inc. TVIA 104 1.15 -58.2% -53.6% 36.5% (10.4%) (331.0%) 6.6x NM NM 10.6x NM

Aemetis, Inc. AMTX 28 1.39 28.7% -52.1% 46.4% 8.4% 3.8% 1.0x 86.4x NM 0.9x 13.9x

Feronia, Inc. FRN-CA 47 0.13 -4.3% 0.0% 34.2% NM (50.3%) 3.1x NM NM NM NM

IGENE Biotechnology, Inc. IGNE 1 0.00 0.0% 50.0% 30.0% NM NM NM NM NM NM NM





($ in Mil)Price ($)

Quarter

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YTD

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% of 52

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EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

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NTM

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NTM

EBITDA

The WhiteWave Foods Co. WWAV 9,854$ 55.60$ 2.1% 42.9% 97.9% 9.3% 14.3% 2.9x 20.9x 50.1x 2.7x 18.1x

Dean Foods Co. DF 1,971 21.78 32.8% 27.0% 98.4% 2.8% 4.9% 0.4x 6.4x 19.1x 0.4x 6.1x

Nomad Foods Ltd. NOMD 1,708 9.57 -19.0% -20.3% 71.4% (6.5%) 19.3% 1.4x 4.0x 148.4x 1.5x 8.2x

Synutra International, Inc. SYUT 303 5.35 25.6% 13.6% 96.2% NM 11.8% 2.1x 16.6x 20.6x NM NM

Lifeway Foods, Inc. LWAY 186 11.51 -32.1% 3.7% 62.3% 7.6% 3.0% 1.5x 20.8x 54.8x 1.4x 14.6x





($ in Mil)Price ($)

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TEV/

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TEV/

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NTM

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The WhiteWave Foods Co. WWAV 9,854$ 55.60$ 2.1% 42.9% 97.9% 9.3% 14.3% 2.9x 20.9x 50.1x 2.7x 18.1x

Fresh Del Monte Produce, Inc. FDP 3,141 60.63 1.2% 55.9% 90.7% 2.3% 9.5% 0.8x 8.2x 22.1x 0.8x 9.7x

Nomad Foods Ltd. NOMD 1,708 9.57 -19.0% -20.3% 71.4% (6.5%) 19.3% 1.4x 4.0x 148.4x 1.5x 8.2x

Calavo Growers, Inc. CVGW 1,071 61.40 -6.2% 25.3% 85.9% 12.8% 7.2% 1.2x 15.4x 28.2x 1.0x 13.7x

Alico, Inc. ALCO 226 27.15 1.1% -29.8% 69.7% NM 2.0% 3.0x 11.5x 32.3x NM NM

Limoneira Co. LMNR 305 21.51 13.8% 44.0% 98.8% (2.4%) 3.0% 3.6x 28.1x 41.4x 3.7x 21.9x

Segment Average $2,717 (1.2%) 19.7% 85.7% 3.1% 9.2% 2.1x 14.7x 53.7x 1.9x 14.3x




($ in Mil)Price ($)

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Change

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Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

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NTM

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TEV/

NTM

EBITDA

Tyson Foods, Inc. TSN 17,746$ 61.68$ -17.4% 15.7% 80.1% (1.3%) 8.3% 0.7x 7.7x 13.4x 0.8x 8.1x

Hormel Foods Corp. HRL 18,408 34.81 -8.2% -12.0% 76.1% (2.4%) 14.8% 1.9x 12.8x 21.2x 2.0x 12.2x

Pilgrim's Pride Corp. PPC 4,773 18.99 -10.1% -14.0% 68.3% 2.9% 11.2% 0.7x 6.4x 11.1x 0.7x 5.7x

Seaboard Corp. SEB 4,628 3,951.99 14.9% 36.5% 87.0% NM 7.0% 0.8x 12.6x 14.8x NM NM

Cal-Maine Foods, Inc. CALM 1,932 44.18 14.6% -4.7% 79.7% 5.9% (10.3%) 1.6x 47.3x 232.5x 1.5x 16.5x

Sanderson Farms, Inc. SAFM 2,143 94.24 -2.2% 21.6% 94.8% 11.0% 17.4% 0.7x 5.0x 11.3x 0.6x 4.8x

Prestige Brands Holdings, Inc. PBH 2,758 52.10 7.9% 1.2% 89.7% 11.3% 35.6% 5.1x 14.3x 40.4x 4.6x 12.9x

Pingtan Marine Enterprise Ltd. PME 138 1.74 61.1% 24.3% 74.7% NM (992.5%) 10.3x NM NM NM NM

Aoxin Tianli Group, Inc. ABAC 29 3.62 86.5% 0.5% 88.9% NM 8.3% NM NM NM NM NM





Date Target Buyer(s) SegmentAmount

($ in Mil)

12/29/2016 SureHarvest, Inc. Where Food Comes From, Inc. Agricultural Technology Services $4.72

12/19/2016 East Haven Hay & Grain Supply, Inc. SiteOne Landscape Supply, Inc. Crop/ Turf/ Ornamental Inputs -

12/19/2016 QC Supply LLC Charlesbank Capital Partners LLC Distribution -

12/16/2016 Swiss Valley Farms Co. Prairie Farms Dairy, Inc. Dairy -

12/14/2016 DuPont Nutrition & Health, Inc. Warburg Pincus LLC; Hygiena LLC Agricultural Technology Services -

12/13/2016 Johansen Farms LLC Wilbur-Ellis Co. Crop/ Turf/ Ornamental Inputs -

12/12/2016 Tiger-Sul Products Co. Platte River Equity; Tiger Sul Products Co.

/Private Group/

Crop/ Turf/ Ornamental Inputs -

12/12/2016 OSO Technologies, Inc. Scotts Miracle-Gro Co. Agricultural Technology Services -

12/1/2016 Brehob Nursery, Inc. DCA Outdoor, Inc. Distribution -

12/1/2016 Grand Bend Produce Co. Ltd. To Earthfresh Foods, Inc. Produce -

12/1/2016 Hart Chemicals, Inc. Ravago Holdings America, Inc.; Ravago

Chemicals

Crop/ Turf/ Ornamental Inputs -

11/29/2016 GNP Co. Pilgrim's Pride Corp. Proteins 350.0

11/29/2016 Tigerflow Systems LLC Nanfang Industry Pte Ltd. Machinery & Equipment 9.4

11/25/2016 Pinnacle Farms, Inc. Olymel LP Proteins -

11/21/2016 Clougherty Packing LLC Smithfield Foods, Inc. Proteins 145.0

11/18/2016 MT INDUSTRIES LLC Bharat Forge America, Inc. Machinery & Equipment 14.0

11/18/2016 Southern States Cooperative, Inc. /Animal Feed

Business/

Land O'Lakes, Inc. Animal Health & Nutrition -

11/18/2016 Blount International, Inc. /TISCO Brand/ Southern Marketing Affiliates, Inc. Machinery & Equipment -

11/18/2016 Nursery Products LLC Synagro Technologies, Inc.; EQT Partners AB Distribution -

11/17/2016 Veterinary Products Laboratories Pegasus Laboratories, Inc. Animal Health & Nutrition -

11/16/2016 Elore Enterprises LLC The Carlyle Group LP (Corporate Private

Equity); Grupo Empresarial Palacios

Alimentación SA

Proteins 75.0

11/15/2016 Kramer Auctions Ltd. /Agri & Real-Estate Auction Serv/ Ritchie Bros. Auctioneers, Inc. Machinery & Equipment -

11/15/2016 Midgard Insect Farm, Inc. Dane Creek Capital Corp. Oilseeds & Ingredients -

11/14/2016 General Mills, Inc. /Pillsbury Plant/ Tiger Capital Group LLC; New Mill Capital

Holdings LLC; General Mills, Inc. /Pillsbury

Plant/ /Private Group/

Oilseeds & Ingredients -

11/10/2016 Ipsos America, Inc. /Agri & Animal Health Bus/ Kynetec UK Ltd. Agricultural Technology Services -

11/10/2016 Yargus Manufacturing, Inc. Ag Growth International, Inc. Machinery & Equipment 43.2

11/10/2016 North Central Co-op Ceres Solutions LLP Diversified Agribusiness -

11/7/2016 Loma Vista Nursery, Inc. SiteOne Landscape Supply, Inc. Distribution -

11/4/2016 Caito Foods Service, Inc. /Produce Distribution

Business/

SpartanNash Co. Produce -

11/2/2016 Pinova, Inc. Les Dérivés Résiniques et Terpéniques SA;

Salvepar SA Private Equity

Oilseeds & Ingredients 150.0

11/2/2016 Environmental Treatment Systems, Inc. AEA Investors LP; Evoqua Water Technologies

LLC

Machinery & Equipment -

11/1/2016 Advanced Instruments, Inc. Windjammer Capital Investors LLC; Advanced

Instruments, Inc. /Private Group/

Agricultural Technology Services -

10/29/2016 Creative Surroundings, Inc. Columbia Landcare LLC Machinery & Equipment -

10/25/2016 Energy & Environmental Services, Inc. Enerlabs, Inc. Crop/ Turf/ Ornamental Inputs -

10/24/2016 Southstar Equipment Ltd. Quadco Equipment, Inc. Machinery & Equipment -

10/19/2016 Tender Choice Foods, Inc. Blue Goose Capital Corp.; Dundee

Agricultural Corp.

Proteins -

10/19/2016 Save On Seafood Fishing, Inc. US Foods, Inc. Proteins -

10/18/2016 Evans Enterprises, LLC United Suppliers, Inc. Crop/ Turf/ Ornamental Inputs -

10/14/2016 Earth Brothers Ltd. Reinhart FoodService LLC Distribution -

10/14/2016 T.F. Kinnealey & Co., Inc. Performance Food Group Co. Proteins -

10/13/2016 Belmont Meat Products Ltd. Premium Brands Holdings Corp. Proteins 37.7

10/11/2016 Nexus Corp. (Colorado) Gibraltar Industries, Inc. Machinery & Equipment 25.0

10/10/2016 Delectus Vineyard & Winery Vintage Wine Estates, Inc. Produce -

10/3/2016 Tri-Union Frozen Foods Products LLC Thai Union Group Public Co. Ltd. Proteins 0.3

10/3/2016 Tipper Tie, Inc. John Bean Technologies Corp. Machinery & Equipment 160.0

9/29/2016 Inland Sea - Harlan LLC - Proteins 23.2

9/29/2016 Blumar USA, LLC Productos del Mar Ventisqueros S.A. Proteins -


Agribusiness Report Q4 2016 - sdr-uyfpxh6dk.netdna-ssl.com · Financial Buyer Inv. Date Select...

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