AGR Partners and StepStone completed the acquisition of the remaining 50% stake in Green Plains Cattle from Green Plains for $80m.

AGR Partners, a provider of investment management services, and StepStone, a private equity firm, completed the acquisition of the remaining 50% stake in Green Plains Cattle, a cattle feeding company, from Green Plains, a diversified commodity-processing firm, for $80m. “With the sale of our remaining ownership in Green Plains Cattle Company, combined with our recent quarterly distribution and earnings bonus from performance of the cattle business, we have added approximately $96m of liquidity to our balance sheet. This sale allows us to redeploy capital to support our long-term objective of building a technology focused biorefining platform, producing sustainable, high-value, high-protein ingredients the market needs,” Todd Becker, Green Plains President and CEO.