Wind Point Partners-backed Pestell acquires Pro-Ag, Verus
Pestell Group has acquired Winnipeg-based Pro-Ag Products and Verus Animal Nutrition, which together provide feed ingredients, feed additives and animal nutrition products in the North American market. Terms weren't disclosed. Antares Capital, BMO Sponsor Finance and PennantPark led the debt financing. Based in New Hamburg, Ontario, Pestell is an animal feed minerals and ingredients distributor, animal litter and bedding products maker, and dental pet treats co-maker. It said the acquisition expands its geographic presence in Western Canada and product portfolio. Pestell was acquired last year by U.S. mid-market private equity firm Wind Point Partners.
8 August 2019•4 mins read
