Experience

AGRIBUSINESS TRANSACTION

Integris Partners recently advised Galesburg Order Buyers (dba GrainStore, Ltd.) on its sale to Gavilon Grain, LLC. GrainStore, based in Galesburg, Illinois, is a leading merchandiser of agricultural commodities (principally corn and soybeans) handling a significant proportion of the total production of these crops in Western Illinois and serving a wide range of customers in the food processing, ethanol, and export markets. Gavilon is a global commodity management firm which is indirectly owned by Ospraie Special Opportunities Fund, General Atlantic, Soros Fund Management and Gavilon management. This sale is only the most recent in a long history of agribusiness transactions led by Integris Partners.

“Integris did a great job for us,” said Marty Anderson, President of GrainStore. “I don’t get the sense there are too many investment bankers who understand the grain merchandising business, and what differentiates one company from another in this industry. The Integris team, led by Bill Eastwood, was able to articulate our company’s unique attributes and generate a true business value for us based on our earning power. Through a focused competitive sale process, they put us together with the right partner to help us take this business to a higher level. We couldn’t have done it without them.”

“We received informed, objective advice every step of the way,” added Randy Anderson, Vice President Finance. “Integris was able to demonstrate how GrainStore is well-positioned to take advantage of increasing crop yields, investor interest in commodity inflation hedges, our strategically located physical assets, and our qualified and dedicated team. Integris brought a range of relevant potential acquirers to the process and we are delighted with the outcome. We are excited about becoming part of the Gavilon Group as we have a remarkably congruent vision of the opportunities ahead of us.”

Since1962, GrainStore has been owned by members of the Anderson family. Terms of the transaction were not disclosed. For additional information, please contact Bill Eastwood or Robert Heilbronner.