has been acquired by
Cascadia Capital, an investment bank serving middle market clients globally, is pleased to announce that its client Conservis, a leading enterprise software farm management solution provider has been acquired by Rabobank, a global food and agriculture bank, and TELUS Agriculture, a global agriculture technology provider. Together, Rabobank and TELUS Agriculture look to further develop the Conservis farm management platform, helping solve farmers’ data challenges, empower their decision-making, and create sustainable, profitable opportunities with other contributors in the food value chain. The terms of the transaction were not publicly disclosed.
Conservis enables family and institutional farms to organize data from different sources, eliminate error-prone manual entries, create winning business intelligence plans, and confidently manage costs, production, and marketing throughout the entire year. Combining TELUS Agriculture’s portfolio of technologies and track record of innovation with Rabobank’s knowledge and relationships across the entire food value chain, Conservis customers will enjoy a solution that aggregates a farm’s data into a single resource, providing the tools that a farm needs for supply chain validation, agronomic decisions, financial management, resource and inventory management, and more.
The farm is the center of a complex operating environment. Difficult data collection on the farm inhibits collaboration, informed decision-making, and efficiency between supply chain members. Dramatic changes on the farm – changing economics increasing the need for efficiency and yield, as well as consumer demand for supply chain accountability, transparency, and sustainability – are driving adoption of technology in the field. Conservis has spent the last 10-years refining its platform solution to address the needs of farmers today. Conservis’ ERP offering is widely regarded by growers and channel partners as a best-in-class solution for farm operations management.
Conservis was backed by leading food and agriculture investors, including Pontifax AgTech, Cultivian Sandbox, Middleland Capital, and Ninth Avenue Investors, with a vision to improve the productivity, efficiency, and sustainability of the farm through a leading software solution.
“We and our partners invested in a company that has created an industry-leading farm management software platform for growers,” said Phil Erlanger, Managing Partner of Pontifax AgTech. “Bringing data management and business intelligence to agriculture producers adds enormous value to the efficiency and sustainability of the agriculture supply chain. We are delighted to see Conservis collaborate with world class strategic corporate partners who will deliver that benefit to growers everywhere.”
“It was a true pleasure working with the entire Conservis team,” noted Scott Porter, Cascadia Capital Managing Director. “We continue to see increased need on the farm for data-driven decision-making and believe Conservis is best positioned to capitalize on this need.”
“This deal represents Cascadia’s fourth AgTech transaction this year,” Porter continued. “We are committed to supporting the farmer’s need for utilizing technology in the field to improve decision-making, profitability, and sustainability.”
Select past transactions in the AgTech sector include the acquisition of Cytozyme Laboratories by Verdean Life Sciences and DN2K’s acquisition by John Deere.
For more information about this transaction, please contact:
Scott Porter
Managing Director
sporter@cascadiacapital.com
(206) 436-2528
Michael Butler
Chairman & CEO
mbutler@cascadiacapital.com
(206) 436-2530
Or another senior member of the Cascadia Food, Beverage & Agribusiness team:
Erik Einwalter
Managing Director
eeinwalter@cascadiacapital.com
(206) 436-2538
Bryan Jaffe
Managing Director
bjaffe@cascadiacapital.com
(206) 436-2534
George Sent
Managing Director
gsent@cascadiacapital.com
(206) 436-2511