News & Insights
Cascadia Capital Advises the Stadelman Fruit Company in the Sale of its Apple Division to Sixth Street Partners
January 3, 2023
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to the Stadelman Fruit Company (“SFC”), in the sale of Stadelman’s apple division to Sixth Street Partners.
Stadelman Fruit Company is a vertically integrated grower, packer, and shipper of high-quality tree fruit. SFC’s tree fruit operations are comprised of premier orchard, packing, and storage assets located in the heart of Washington’s Yakima Valley.
Sixth Street Partners is partnering with Pine Canyon Growers to operate the tree fruit assets, adding volume to a high-quaility grower and packer of apples in Eastern Washington. The sale comprised of more than 1,600 acres of orchards and also included a packing line and storage. Going forward, Sixth Street Parnters will look to further build out its platform in the tree fruit sector.
“We are thrilled to have advised Stadelman with their second transaction in the tree fruit sector” added Scott Porter. “We expect continued consolidation in the tree fruit sector in the coming years as institutional investors continue to come into the industry.”
This acquisition represents another successful transaction in the Agribusiness practice for Cascadia and a continued demonstration of its experience in vertically integrated production agriculture. Cascadia’s Agribusiness practice is one of the largest and most active Agribusiness practices in North America. Recent transactions include the sale of Specialty Sales to Kainos Capital, the growth capital investment in Agrovision from responsAbility Investments and Avenue Sustainable Solutions Fund, the CEL Group of Companies’ partnership with Madison Industries, and the acquisition of Chelan Fruit to International Farming.
For more information about this transaction, please contact the Cascadia Capital deal team:
Scott Porter
Managing Director
sporter@cascadiacapital.com
(616) 826-9763
Sam Brar
Vice President
sbrar@cascadiacapital.com
(206) 436-2580
Or other senior members of the Cascadia Food, Beverage & Agribusiness practice:
Michael Butler
Chairman & CEO
mbutler@cascadiacapital.com
(206) 436-2530
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