Platte River Equity's portfolio company Turf Care Supply has acquired Agri-Nutrients, a manufacturer and blender of custom granular fertilizers for the turf & ornamental (“T&O”) industry.
This strategic acquisition provides Turf Care with an established presence in the south-central United States, an enhanced product portfolio and additional manufacturing capacity.
“This acquisition represents much more than a business transaction; it is a strategic step forward in expanding our reach and enhancing our customers’ growth. By bringing Agri-Nutrients into the Turf Care family, we are broadening our product portfolio, expanding our market presence and further positioning ourselves as a leader in providing innovative solutions for our customers,” says Mark Mangan, president of Turf Care.
“We are excited about joining the Turf Care team,” says Jim Montgomery, president of Agri-Nutrients. “At Agri Nutrients, our core values center around customer service and product innovation, and we are confident that this combination will allow us to better serve the needs of our customers.”
“Platte River welcomes the Agri-Nutrients team to Turf Care. This transaction underscores our long-term commitment to fostering growth through both organic and inorganic initiatives across the Turf Care platform,” says Tarun Kanthety, vice president of Platte River. “The partnership with Agri-Nutrients strengthens Turf Care’s value-added offering, creating additional growth opportunities across the combined customer base.”
B&A Corporate Advisors served as the exclusive financial advisor to Agri-Nutrients.
