Cascadia Advises Novus Ag, a Portfolio Company of Tillridge Global Agribusiness Partners, in its Acquisition by Aqua Capital

Novus Ag, a portfolio company of Tillridge Global Agribusiness Partners Logo has been acquired by Aqua Capital Logo

Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Tillridge Global Agribusiness Partners (“Tillridge”) on its exit of portfolio company Novus Ag, an innovative ag retail platform, to Aqua Capital, an agriculture-focused private equity investor based in Brazil.

Following rapid consolidation in the ag retail industry, the current market structure has failed to satisfy the needs of the industry’s two primary stakeholders: local store operators and farmers. Novus Ag developed a unique platform which attracts the industry’s best talent, while providing farmers with an optimal mix of local expertise and national scale. Novus Ag has integrated 30+ owner-operators across 50+ retail locations to its network, serving farmers across the United States with crop protection, fertilizer, and seed treatment products coupled with application and agronomy services.

“I am honored to represent Novus Ag and Tillridge on this transaction,” added Scott Porter, Cascadia Capital Managing Director. “Novus Ag is a first-of-its-kind platform in agriculture with an incredible growth opportunity and led by a highly experienced management team. The Agriculture Input sector broadly continues to be a core area of focus for our practice.”

“The broader retail environment serving rural and agricultural communities throughout the United States continues to evolve and Novus Ag’s entrepreneurial owner-operator model is a clear example of the positive economic impact and success that this industry has on the communities it serves,” said James Cartales, Cascadia Managing Director.

Related Transactions

This acquisition represents another successful transaction in the Agribusiness and Rural Retail practices for Cascadia and a continued demonstration of its experience in agriculture inputs and production agriculture.

Cascadia’s Agribusiness practice is one of the largest and most active in North America. Recent transactions include:

Specialty Sales, a portfolio company of Benford Capital Partners Logo has been acquired by Kainos Capital Logo
Agro Vision Corp. Logo has received a growth investment from responsAbility Investments and Avenue Capital Group Logo
CEL Group of Companies Logo has been acquired by Madison Industries Logo
Chelan Fruit Logo has been acquired by International Farming Logo

Recent Rural Retail transactions include Three Bears Alaska’s recapitalization with Westward Partners and C-A-L Ranch’s merger with Coastal Farm & Ranch.

C-A-L Ranch Stores Logo has merged with Coastal Farm & Home, a portfolio company of Nolan Capital  Logo
Three Bears Alaska Logo has been recapitalized by Westward Partners Logo


For more information about this transaction please contact the Cascadia deal team members listed below.

Scott Porter
Managing Director
(616) 826-9763

James Cartales
Managing Director
(206) 436-2526

Or other senior members of the Cascadia Food, Beverage & Agribusiness team:

Erik Einwalter
Managing Director
(206) 436-2538

Bryan Jaffe
Managing Director
(206) 436-2534

George Sent
Managing Director
(206) 436-2511

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