Advantage Capital Agribusiness Partners Makes Follow-On Investment in Pacific Ag

Advantage Capital Agribusiness Partners, LP (ACAP) has announced a second investment in Pacific Ag, the nation’s largest crop residue supply chain solutions company, to help fund the acquisition of Calagri, a leading regional agricultural residue and hay harvesting company.

“I’m thrilled that the Rural Business Investment Company is maintaining momentum to deliver private sector investment in rural America,” said U.S. Secretary of Agriculture Tom Vilsack. “Matching private investors with businesses in rural communities helps companies get the capital they need to grow and create jobs. We are excited to see this fund continue to support businesses like Pacific Ag and look forward to seeing more partnerships like this come to fruition in the coming months.”

Based in Hermiston, Ore., Pacific Ag harvests and markets crop residues for hundreds of U.S. growers. The crop residues are then sold to customers throughout the world. Pacific Ag has become the leading service provider of agriculture biomass supply chain solutions, delivering hundreds of thousands of tons of product volume to end markets in the U.S. and around the world.

“As we grow and reach more customers, combining our expertise and experience will help us ensure our cost-competitive, year-round supply and streamlined harvesting and delivery,” said Pacific Ag founder and CEO Bill Levy. “We are pleased to welcome the entire Calagri team.”

Calagri is a harvest and transport service provider that excels at streamlining crop and harvest management for its customers. With the exception of Pacific Ag, Calagri is the largest forage and crop residue harvest company in the Pacific Northwest, with operations in Oregon, Washington and Idaho.

“We are proud to be a partner of Pacific Ag as it expands its operations and serves more customers throughout the Pacific Northwest with the acquisition of Calagri,” said Tim Hassler, principal at Advantage Capital. “With the experience and expertise of the Calagri team, Pacific Ag will continue to set the standard for agricultural supply chain solutions.”

ACAP is a $154.5 million fund that is licensed by the U.S. Department of Agriculture (USDA) as a Rural Business Investment Company (RBIC). The fund is a partnership between Advantage Capital and nine Farm Credit organizations, established to bring together resources and people focused on providing more private capital, small business investment and quality jobs to rural America. Farm Credit supports rural communities and agriculture with reliable, consistent access to credit and financial services.

Advantage Capital Agribusiness Partners, LP (ACAP) is a $154.5 million fund that is licensed as a Rural Business Investment Company (RBIC) by the U.S. Department of Agriculture (USDA), which focuses on businesses involved in the production, processing and supply of agricultural products. It is a partnership between Advantage Capital Partners and nine Farm Credit organizations:AgCountry Farm Credit Services (Fargo, N.D.); AgStar Financial Services (Mankato, Minn.); AgriBank (St. Paul, Minn.); Capital Farm Credit (Bryan, Texas); CoBank (Denver, Colo.); Farm Credit Bank of Texas (Austin, Texas); Farm Credit Services of America (Omaha, Neb.); Farm Credit Services of Mid-America (Louisville, Ky.); and United FCS (Willmar, Minn.).