Northern Feed & Bean

Northern Feed & Bean

Northern Feed & Bean has been recapitalized with Fenix and Open Prairie.

Transaction Description: Recapitalizatoin

Case Study


Client Overview:

- For over 65 years, Northern Feed and Bean has been serving bean growers, commodity dealers and feed lots in Northern Colorado with secure supply and exceptional service.
- As tenured specialists in the Pinto and Mayocoba bean markets, NFB has deep relationships with the regional grower base and strategically located facilities for storage and distribution.
- NFB retained JD Merit & Company to perform a valuation to assist with succession planning and subsequently decided to pursue a sale of the business.

JD Merit Approach:

- JDM identified a variety of strategic and financial buyers with interest in the business; however, many did not meet the needs of the seller.
- JDM leveraged our process to source an off-the-radar buyer that met the needs of the sellers and ensured continuity of the Company, its brands and dedicated staff going forward.
- JDM assisted in facilitating diligence, structuring the transaction, sourcing capital providers and ensured a transaction closing with a diverse group of stakeholders.
- JDM worked closely with the buyer to facilitate the sourcing of both debt and equity capital to fund the recapitalization.

Results:

- With the emergence of several deal complexities, including the death of a shareholder and a global pandemic, JDM maintained momentum and facilitated collaboration between buyer, seller and other stakeholders to ensure a successful closing.
- JDM’s focus on post-LOI facilitation of closing, a time when many investment banks take a step back, was critical to achieving an above-market result for our client.
- Our tenacity, creativity and resources allowed us to add significant value to the process and achieve an outcome unlikely without our involvement.
Scroll to Top

Receive industry insights, news, and more.

Sign up for the JD Merit newsletter below.

HEADQUARTERS

1313 Broadway, Suite 350
Tacoma, WA 98402

CONTACT US

Seattle/Tacoma WA:
(253) 327-1490

Denver, CO:
303-867-7749

FOLLOW US

Contact Us

Download the Financial Checklist