Cascadia Capital, an investment bank serving middle market clients globally, today announced that it acted as the exclusive financial advisor to Smart Apply, formally known as Smart Guided Systems, an innovative and intelligent precision spraying platform, in its sale to John Deere (NYSE:DE), the world’s leading manufacturer of advanced agricultural equipment.
Founded by Steve Booher in 2014, Smart Apply is an industry-leading provider of precision spraying technologies to permanent crop agriculture producers globally.
The company developed the Smart Apply Intelligent Spray Control System™, technology that can improve the precision and performance of virtually any air-blast sprayer used in orchard, vineyard, and tree nursery spraying applications. Smart Apply’s products and services help growers reduce chemical use, airborne drift, and run-off while optimizing high-value crop yields and meeting sustainability objectives.
“Smart Apply provides industry-leading products, elevating the precision and performance of compatible agricultural equipment,” said Scott Porter, Cascadia Capital Managing Director. “With the operational support of John Deere, Smart Apply will enhance brand momentum and customer reach. It was a true pleasure working with Steve, Jerry and the entire Smart Apply team in this transaction with John Deere and we are excited for what this means for the future of farming with this technology in the hands of the John Deere platform.”
“Cascadia demonstrated that they are a leader in the AgTech industry. The team’s deep understanding of our business and their ability to drive the process delivered a rewarding return for our shareholders. They are a true partner and a pleasure to work with,” said Jerry Johnson, Smart Apply President & CEO.
This Smart Apply acquisition represents yet another successful transaction for Cascadia in the AgTech Sector. Cascadia’s AgTech practice is one of the largest and most active AgTech practices in North America. Pas Transactions include:
For more information about this transaction please contact the Cascadia deal team members listed below.
Or other senior members of the Cascadia Food, Beverage & Agribusiness team: