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Announced

Completed

LLR Partners-backed AdeptAg completed the acquisition of Bellpark Horticulture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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horticulture automation

Majority

Private

Completed

Private Equity

Friendly

United States

Single Bidder

Canada

Acquisition

Cross Border

Specialty Contracting

Synopsis

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LLR Partners-backed AdeptAg, an environmental consulting company that specializes in automation, and irrigation solutions for greenhouse operations, completed the acquisition of Bellpark Horticulture, a provider of automation solutions and services for the horticulture industry from the industry’s top suppliers. Financial terms were not disclosed. “The benefits of Bellpark becoming part of the AdeptAg team will provide our customers with expanded and unsurpassed design, sales and service and offer our customers complete solution capability. It’s an exciting time for the Bellpark organization and the horticulture industry,” Kevin Vander Ploeg Bellpark Owner and President.

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