09 Oct, 2024
Platte River Equity Portfolio Company Turf Care Supply, LLC Acquires Agri-Nutrients, Inc. Brunswick, OH , October 9, 2024 – Platte River Equity (“Platte River”) portfolio company Turf Care Supply, LLC (“Turf Care”) is pleased to announce its acquisition of Agri-Nutrients, Inc. (“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,” said Mark Mangan, President of Turf Care. “We are excited about joining the Turf Care team,” said 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,” said 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. About Agri-Nutrients Founded in 1992 and based in Catoosa, OK, Agri-Nutrients is a manufacturer and blender of custom granular fertilizers for the T&O industry, predominantly selling into the lawn care, sports turf and golf course end markets. About Turf Care Supply Established in 1974, Turf Care Supply is one of the largest formulators and blenders of urea products to the T&O market. Turf Care has a comprehensive product portfolio of fertilizers, combination products (herbicide/insecticide), soil amendments and enhanced efficiency fertilizer ingredients. Turf Care's products are sold to distributors and blenders serving the commercial, residential and golf end markets. Turf Care operates four manufacturing facilities strategically located throughout the eastern U.S. About Platte River Equity Founded in 2006 and based in Denver, CO, Platte River Equity is a private equity firm focused on investments in established lower middle market operating companies within targeted industrial sectors where it has substantial operating and investing experience. Platte River utilizes prudent capital structures in order to invest in future growth opportunities and withstand changing economic environments. The firm also provides significant ongoing support to its portfolio companies through dedicated resources across functional areas. The firm has raised funds with committed capital in excess of $1.6 billion and is currently investing out of its fifth fund. The Platte River team is the largest collective investor across its funds, deeply aligning the firm with its investors and portfolio company management teams.
