EGI invests in NGP-owned pulse crops processor ILTA Grain

Equity Group Investments (EGI), the private investment vehicle of Sam Zell, has invested in ILTA Grain Inc, a Surrey, British Columbia processor, distributor and exporter of pulse crops (e.g. peas, lentils, chickpeas, and beans). No financial terms were released. With the deal, EGI Managing Director Joe McIntosh will join the board. Founded in 2011, ILTA Grain was acquired in 2014 by a fund affiliate of U.S. private equity firm NGP Energy Capital Management. The company's president and CEO, Dan Burneski, said the EGI investment will support expansion of ILTA Grain's global footprint.

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