agribusiness report q2 2017 - sdr-uyfpxh6dk.netdna-ssl.com...2/2/2017 interprovincial meat sales...

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Date Target Buyer(s) SegmentAmount

($ in Mil)

TEV/

Rev

TEV/

EBITDA6/29/2017 ArborGen, Inc. Rubicon Ltd. Crop/ Turf/ Ornamental Inputs $42.46 - -

6/27/2017 Illinois Corn Processing LLC Aventine Renewable Energy Holdings, Inc. Oilseeds & Ingredients 76.00 - -

6/20/2017 LAM International Corp. Certis USA LLC Crop/ Turf/ Ornamental Inputs 17.90 - -

5/30/2017 Conagra Brands, Inc. (Wesson Oil) The J. M. Smucker Co. Oilseeds & Ingredients 285.00 - -

5/30/2017 NII FPG Co. (Forestry Products

Business)

Kadant, Inc. Agricultural Tech & Services 173.00 2.14x -

5/19/2017 Macro Plastics, Inc. IPL, Inc.; One Fifty One (Private Equity) Machinery & Equipment 150.00 - -

5/17/2017 Synutra International, Inc. Beams Power Investment Ltd. Dairy 648.33 1.67x 8.15x

5/4/2017 Agro Biosciences, Inc. Church & Dwight Co., Inc. Animal Health & Nutrition 100.00 - -

4/26/2017 Cargill Cattle Feeders LLC (2 Beef

Cattle-Feeding Yard Ops)

Green Plains Cattle Co. LLC Proteins 36.70 - -

4/4/2017 Global Industries, Inc. Ag Growth International, Inc. Machinery & Equipment 100.00 - -

4/3/2017 Telvent DTN, LLC TBG AG Agricultural Tech & Services 900.00 4.23x -

Strategic88%

Financial12%

-

13

5 10

-

13

4

8 12

2

- 2 4 6 8

10 12 14


Financial Buyer Inv. Date Select Corporate Acquisitions6/7/2017 ▪ BeetNPath, LLC8/24/2016 ▪ Hip Chick Farms, Inc.6/23/2016 ▪ Pacific Ag

2/18/2016 ▪ American Botanicals LLC

2/4/2016 ▪ Hortau Inc.

6/27/2016 ▪ Milk Specialties Company

12/10/2015 ▪ Blount International Inc.

CAVU Venture Partners 5/24/2017 ▪ Bulletproof 360, Inc.

5/9/2016 ▪ Lyrical Foods, Inc.

4/29/2016 ▪ Chef's Cut Real Jerky

3/8/2016 ▪ good culture, LLC

3/4/2016 ▪ Health-Ade, LLC

8/26/2015 ▪ High Brew Coffee, Inc.

6/16/2017 ▪ Duravant LLC

12/14/2016 ▪ DuPont Nutrition & Health, Inc.

3/20/2017 ▪ Cowlar, Inc.

2/2/2017 ▪ Interprovincial Meat Sales Ltd.

6/30/2016 ▪ Oh My Green, Inc.

6/30/2016 ▪ Raptor Maps, Inc.

1/31/2016 ▪ Iron Ox, Inc.

Y Combinator

American Securities

Advantage Capital Partners

Warburg Pincus LLC

Strategic Buyer Inv. Date Select Corporate Acquisitions5/25/2017 ▪ Evergreen Partners of Raleigh LLC

2/6/2017 ▪ Stone Forest Materials LLC

1/20/2017 ▪ Aspen Valley Landscape Supply, Inc.

12/19/2016 ▪ East Haven Hay & Grain Supply, Inc.

11/7/2016 ▪ Loma Vista Nursery, Inc.

8/2/2016 ▪ Bissett Nursery Corporation

4/5/2016 ▪ Blue Max Materials, Inc.

1/4/2016 ▪ Hydro-Scape Products, Inc.

Premier Tech Ltd. 5/26/2016 ▪ Manufacturing Facility located in Mattaponi

12/1/2015 ▪ Smurfit Kappa Comptoir du Pin, Tree Bark Division

6/2/2015 ▪ Agrium Advanced Technologies, Inc.

10/28/2014 ▪ Conder Solutions Ltd

3/11/2013 ▪ SA FALIENOR

12/14/2016 ▪ 8,638 Acres of Farmland in Illinois

9/12/2016 ▪ American Farmland Company

8/4/2016 ▪ Nine Farms Totaling 5,477 Acres

7/7/2016 ▪ 2,400 Acres of Land in Florida

5/9/2016 ▪ Three Farms Totalling 1,111 Acres in Georgia and Mississippi

4/4/2016 ▪ 7,400 Acre Farm in Lousiana

3/2/2016 ▪ 1254 Farms in Five States

4/5/2017 ▪ Arborguard, Inc.

4/15/2016 ▪ Jones Bros. Tree & Landscape Co., Inc.

4/23/2015 ▪ Kerns Brothers Tree Services & Landscaping, LLC

4/2/2015 ▪ Nature First Tree Care, Inc.

7/31/2014 ▪ Lawn Logic, LLC

4/4/2017 ▪ Global Industries, Inc.

11/10/2016 ▪ Yargus Manufacturing, Inc.

3/13/2016 ▪ NuVision Industries Inc.

3/9/2016 ▪ Entringer Industrial S.A.

11/30/2015 ▪ G J VIS Enterprises Inc.

SiteOne Landscape Supply, Inc. (NYSE:SITE)

Farmland Partners Inc. (NYSE:FPI)

Ag Growth International Inc. (TSX:AFN)

The Davey Tree Expert Company


-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

Diversified Agribusiness Crop/ Turf/ Ornamental Inputs Animal Health & Nutrition

Machinery & Equipment Agriproducts Distribution Agricultural Technology & Services

Dairy Produce Proteins

Oilseeds & Ingredients S&P 500

Company Name SymbolMarket Cap

($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Archer-Daniels-Midland Co. ADM 23,614$ 41.38$ -10.3% -9.4% 86.4% 2.9% 1.7% 0.5x 11.4x 17.5x 0.5x 8.8x

Bunge Ltd. BG 10,472 74.60 -6.3% 3.3% 89.1% 5.4% (1.2%) 0.3x 14.4x 20.9x 0.3x 7.4x

Seaboard Corp. SEB 4,678 3,995.00 -2.2% 1.1% 87.9% NM 6.9% 0.7x 11.3x 13.6x NM NM

The Andersons, Inc. ANDE 968 34.15 -9.7% -23.6% 76.1% 4.7% 5.0% 0.4x 10.6x 41.6x 0.4x 8.5x

Limoneira Co. LMNR 340 23.63 14.2% 9.9% 98.5% 0.4% 21.6% 3.7x 20.4x 29.2x 3.7x 18.8x

Alico, Inc. ALCO 259 31.30 18.8% 15.3% 94.3% NM 26.7% 3.7x 15.4x 48.9x NM NM

Segment Average 3.4% 10.1% 1.6x 13.9x 28.6x 1.2x 10.9x

Segment Median 3.8% 5.9% 0.6x 12.9x 25.0x 0.4x 8.6x

Market Stats Operating Stats LTM Multiples NTM Multiples



($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

The Dow Chemical Co. DOW 77,053$ 63.07$ -1.7% 10.2% 96.3% 7.6% 19.0% 1.9x 10.4x 15.4x 1.7x 8.5x

E.I. du Pont de Nemours & Co. DD 69,978 80.71 -1.1% 10.0% 96.2% 3.7% 24.9% 3.0x 14.3x 29.6x 2.9x 12.5x

Monsanto Co. MON 51,998 118.36 4.4% 12.5% 99.5% 2.4% 31.7% 4.2x 14.5x 25.5x 4.1x 13.8x

Syngenta AG SYT 42,922 92.65 5.0% 17.2% 92.7% 9.8% 17.8% 3.5x 16.0x 36.3x 3.2x 15.4x

Potash Corp. of Saskatchewan, Inc. POT 13,680 16.30 -5.3% -9.9% 80.4% (7.3%) 32.0% 4.2x 14.6x 34.0x 4.5x 11.7x

Agrium, Inc. AGU 12,505 90.49 -5.7% -10.0% 80.9% 4.0% 6.7% 1.3x 10.7x 21.6x 1.2x 9.0x


FMC Corp. FMC 9,789 73.05 18.8% 29.2% 94.4% (15.5%) 19.5% 3.8x 16.4x 282.0x 4.3x 14.4x

The Mosaic Co. MOS 8,014 22.83 -22.2% -22.2% 66.4% 7.7% 12.2% 1.6x 12.0x 194.5x 1.5x 8.9x

CF Industries Holdings, Inc. CF 6,518 27.96 -5.8% -11.2% 75.2% 14.1% 30.7% 3.8x 13.3x NM 3.3x 10.9x

Scotts Miracle-Gro Co. SMG 5,329 89.46 -4.0% -6.4% 90.5% 4.2% 27.0% 2.6x 15.2x 19.2x 2.5x 13.0x

Platform Specialty Products Corp. PAH 3,629 12.68 -3.2% 29.3% 88.2% 3.4% 21.9% 2.4x 12.0x NM 2.3x 10.2x

Compass Minerals International, Inc. CMP 2,209 65.30 -3.8% -16.7% 77.4% 28.5% 18.0% 2.9x 13.6x 16.5x 2.2x 10.0x

Terra Nitrogen Co. LP TNH 1,589 85.86 -10.9% -16.4% 70.4% NM 50.8% 3.7x 6.4x 10.4x NM NM

Central Garden & Pet Co. CENT 1,519 31.79 -14.3% -3.9% 80.8% 5.4% 13.0% 1.1x 11.1x 26.3x 1.1x 11.9x


American Vanguard Corp. AVD 514 17.25 8.8% -9.9% 86.3% 8.5% 12.8% 1.7x 14.4x 37.5x 1.6x 11.0x

CVR Partners LP UAN 395 3.49 -26.8% -41.9% 41.5% 4.5% 24.3% 2.5x 10.7x NM 2.4x 7.7x

AgroFresh Solutions, Inc. AGFS 361 7.18 67.4% 170.9% 93.6% NM 23.5% 4.2x 12.6x NM NM NM

Intrepid Potash, Inc. IPI 292 2.26 32.2% 8.7% 74.3% (16.6%) 2.0% 1.9x NM NM 1.6x 17.0x

S&W Seed Co. SANW 75 4.15 -14.4% -9.8% 77.6% 6.4% 9.6% 1.3x 18.7x NM 1.2x 13.5x

China Green Agriculture, Inc. CGA 49 1.28 -0.8% 6.7% 76.2% NM 15.4% NM NM 1.9x NM NM

Marrone Bio Innovations, Inc. MBII 40 1.29 -37.1% -39.7% 46.2% 126.9% (129.8%) 6.2x NM NM 2.5x NM

Origin Agritech Ltd. SEED 33 1.43 -29.9% -39.4% 44.8% NM NM 1.2x NM NM NM NM

Arcadia Biosciences, Inc. RKDA 19 0.45 -36.6% -51.1% 16.4% 237.4% (381.3%) NM NM NM NM 0.3x

Segment Average 21.2% (3.9%) 2.6x 13.1x 50.8x 2.2x 10.8x




($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Merck & Co., Inc. MRK 175,297$ 64.09$ 1.0% 8.9% 95.9% 2.2% 37.3% 4.8x 11.9x 40.8x 4.7x 11.6x

Zoetis, Inc. ZTS 30,616 62.38 16.7% 16.5% 97.7% 7.8% 35.1% 7.0x 20.2x 36.3x 6.5x 16.7x

Archer-Daniels-Midland Co. ADM 23,614 41.38 -10.3% -9.4% 86.4% 2.9% 1.7% 0.5x 11.4x 17.5x 0.5x 8.8x

IDEXX Laboratories, Inc. IDXX 14,225 161.42 4.5% 37.6% 93.3% 11.7% 24.1% 8.3x 33.9x 59.8x 7.6x 30.2x

Ingredion, Inc. INGR 8,545 119.21 -1.0% -4.6% 85.2% 3.9% 17.8% 1.7x 9.5x 18.5x 1.7x 9.3x

The Mosaic Co. MOS 8,014 22.83 -22.2% -22.2% 66.4% 7.7% 12.2% 1.6x 12.0x 194.5x 1.5x 8.9x

Patterson Cos., Inc. PDCO 4,523 46.95 3.7% 14.4% 93.8% 1.5% 8.1% 1.0x 11.0x 26.2x 0.9x 12.6x

Neogen Corp. NEOG 2,634 69.11 6.6% 4.7% 99.3% NM NM 7.1x 33.0x NM 6.2x 27.7x

Darling Ingredients, Inc. DAR 2,593 15.74 9.3% 21.9% 94.8% 2.5% 11.4% 1.2x 9.8x 24.2x 1.2x 9.3x

Balchem Corp. BCPC 2,476 77.71 -6.0% -7.4% 86.8% 4.4% 24.6% 4.9x 19.4x 41.8x 4.7x 16.7x

Central Garden & Pet Co. CENT 1,519 31.79 -14.3% -3.9% 80.8% 5.4% 13.0% 1.1x 11.1x 26.3x 1.1x 11.9x

Omega Protein Corp. OME 402 17.90 -8.0% -28.5% 66.3% (4.2%) 21.7% 1.0x 4.2x 13.2x 1.0x 5.0x

Aemetis, Inc. AMTX 26 1.33 4.7% -4.3% 53.2% 7.1% (8.8%) 1.0x 141.3x NM 1.0x 22.5x






($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Deere & Co. DE 39,532$ 123.59$ 13.2% 19.9% 96.3% (1.9%) 20.9% 2.6x 14.4x 22.3x 2.7x 20.0x

CNH Industrial NV CNHI 15,495 11.38 17.9% 31.0% 96.5% (0.4%) 8.7% 1.4x 13.8x 87.5x 1.4x 13.7x

The Toro Co. TTC 7,478 69.29 9.5% 23.8% 94.9% 5.7% 20.2% 3.1x 17.7x 30.8x 3.0x 16.9x

AGCO Corp. AGCO 5,354 67.39 11.6% 16.5% 99.0% 5.0% 5.4% 0.9x 12.2x 38.7x 0.9x 10.3x

Valmont Industries, Inc. VMI 3,379 149.60 -2.8% 6.2% 90.6% 5.5% 13.4% 1.5x 11.0x 18.9x 1.4x 9.9x

Raven Industries, Inc. RAVN 1,202 33.30 14.8% 32.1% 89.0% 13.7% 23.6% 3.8x 21.3x 44.4x 3.4x 16.4x

Advanced Drainage Systems, Inc. WMS 1,118 20.10 -6.1% -2.4% 70.6% 5.3% 0.1% 1.5x 11.9x 40.2x 1.4x 8.8x

Alamo Group, Inc. ALG 1,049 90.81 17.6% 19.3% 97.2% 3.9% 11.6% 1.3x 12.0x 24.2x 1.3x 11.8x

Lindsay Corp. LNN 949 89.25 1.6% 19.6% 96.2% 5.2% 14.3% 1.8x 16.8x 38.8x 1.8x 14.1x

Titan International, Inc. TWI 716 12.01 17.1% 7.1% 84.4% 8.2% 2.1% 0.8x 28.4x NM 0.8x 11.3x

Ag Growth International, Inc. AFN-CA 714 44.44 14.8% 9.9% 98.2% 45.5% 15.2% 2.2x 15.7x 46.6x 1.5x 9.1x

Titan Machinery, Inc. TITN 393 17.98 22.2% 23.4% 93.5% (4.6%) 1.1% 0.6x 26.8x NM 0.6x 17.4x

Rocky Mountain Dealerships, Inc. RME-CA 149 7.66 3.6% 2.7% 89.0% 4.2% 2.6% 0.6x 12.9x 12.7x 0.5x 13.7x

Cervus Equipment Corp. CERV-CA 135 8.52 -5.8% -30.2% 67.9% 5.1% 1.2% 0.3x 8.9x 8.7x 0.3x 7.6x

Paul Mueller Co. MUEL 38 29.75 6.3% 7.0% 87.5% NM 4.1% 0.3x 27.7x NM NM NM

Bion Environmental Technologies, Inc. BNET 22 0.91 -9.0% 21.3% 83.5% NM NM NM NM NM NM NM

Art's-Way Manufacturing Co., Inc. ARTW 12 2.95 -19.2% -13.2% 62.8% NM NM 0.8x NM NM NM NM

Tytan Holdings, Inc. TYTN 0 0.01 33.3% 194.1% 71.4% NM NM NM NM NM NM NM





($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Agrium, Inc. AGU 12,505$ 90.49$ -5.7% -10.0% 80.9% 4.0% 6.7% 1.3x 10.7x 21.6x 1.2x 9.0x

Tractor Supply Co. TSCO 6,969 54.21 -21.0% -28.5% 57.3% 8.9% 8.7% 1.1x 9.0x 16.8x 1.0x 8.5x

Scotts Miracle-Gro Co. SMG 5,329 89.46 -4.0% -6.4% 90.5% 4.2% 27.0% 2.6x 15.2x 19.2x 2.5x 13.0x






($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

IDEXX Laboratories, Inc. IDXX 14,225$ 161.42$ 4.5% 37.6% 93.3% 11.7% 24.1% 8.3x 33.9x 59.8x 7.6x 30.2x

Raven Industries, Inc. RAVN 1,202 33.30 14.8% 32.1% 89.0% 13.7% 23.6% 3.8x 21.3x 44.4x 3.4x 16.4x

Iteris, Inc. ITI 202 6.22 15.8% 70.9% 95.7% 11.2% (4.0%) 1.9x NM NM 1.7x 92.8x

Marrone Bio Innovations, Inc. MBII 40 1.29 -37.1% -39.7% 46.2% 126.9% (129.8%) 6.2x NM NM 2.5x NM

Origin Agritech Ltd. SEED 33 1.43 -29.9% -39.4% 44.8% NM NM 1.2x NM NM NM NM

Bion Environmental Technologies, Inc. BNET 22 0.91 -9.0% 21.3% 83.5% NM NM NM NM NM NM NM

Arcadia Biosciences, Inc. RKDA 19 0.45 -36.6% -51.1% 16.4% 237.4% (381.3%) NM NM NM NM 0.3x


Segment Median 13.7% (4.0%) 3.8x 27.6x 52.1x 2.9x 23.3x




($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Archer-Daniels-Midland Co. ADM 23,614$ 41.38$ -10.3% -9.4% 86.4% 2.9% 1.7% 0.5x 11.4x 17.5x 0.5x 8.8x


FMC Corp. FMC 9,789 73.05 18.8% 29.2% 94.4% (15.5%) 19.5% 3.8x 16.4x 282.0x 4.3x 14.4x

Ingredion, Inc. INGR 8,545 119.21 -1.0% -4.6% 85.2% 3.9% 17.8% 1.7x 9.5x 18.5x 1.7x 9.3x

Sensient Technologies Corp. SXT 3,564 80.53 1.4% 2.5% 95.2% 3.9% 19.7% 3.0x 15.6x 33.1x 2.9x 15.2x

Darling Ingredients, Inc. DAR 2,593 15.74 9.3% 21.9% 94.8% 2.5% 11.4% 1.2x 9.8x 24.2x 1.2x 9.3x

SUNOPTA INCORPORATED SOY 874 10.16 45.2% 37.9% 99.6% 8.2% 1.8% NM NM NM NM NM

Feronia, Inc. FRN-CA 57 0.16 -3.2% 18.3% 61.9% NM (130.7%) 5.3x NM NM NM NM

Aemetis, Inc. AMTX 26 1.33 4.7% -4.3% 53.2% 7.1% (8.8%) 1.0x 141.3x NM 1.0x 22.5x

TerraVia Holdings, Inc. TVIA 25 0.23 -69.0% -79.7% 7.8% 119.1% (259.0%) 6.8x NM NM 4.0x NM

IGENE Biotechnology, Inc. IGNE 0 0.00 0.0% -58.3% 15.6% NM NM NM NM NM NM NM





($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Nomad Foods Ltd. NOMD 2,518$ 14.11$ 21.6% 47.4% 95.9% 5.5% 16.5% 1.7x 10.7x 57.7x 1.7x 9.7x

Dean Foods Co. DF 1,545 17.00 -13.1% -21.9% 76.2% 1.5% 2.8% 0.3x 6.2x 21.8x 0.3x 5.5x

Lifeway Foods, Inc. LWAY 151 9.34 -13.4% -18.9% 50.5% 7.4% 3.2% 1.2x 19.2x 54.9x 1.1x NM





($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Fresh Del Monte Produce, Inc. FDP 2,602$ 50.91$ -13.6% -16.0% 76.1% 5.2% 6.8% 0.7x 9.4x 13.9x 0.7x 8.9x

Nomad Foods Ltd. NOMD 2,518 14.11 21.6% 47.4% 95.9% 5.5% 16.5% 1.7x 10.7x 57.7x 1.7x 9.7x

Calavo Growers, Inc. CVGW 1,211 69.05 14.8% 12.5% 89.9% 15.5% 8.6% 1.2x 16.9x 30.0x 1.1x 15.0x

Alico, Inc. ALCO 259 31.30 18.8% 15.3% 94.3% NM 26.7% 3.7x 15.4x 48.9x NM NM

Limoneira Co. LMNR 340 23.63 14.2% 9.9% 98.5% 0.4% 21.6% 3.7x 20.4x 29.2x 3.7x 18.8x





($ in Mil)Price ($)

Quarter

Change

YTD

Change

% of 52

Week High

Est.

Revenue

Growth

EBITDA

Margin

TEV/

Rev

TEV/

EBITDA

Price/

EPS

TEV/

NTM

Revenue

TEV/

NTM

EBITDA

Hormel Foods Corp. HRL 18,029$ 34.11$ -0.3% -2.0% 85.3% (0.6%) 15.4% 1.9x 12.6x 20.8x 1.9x 12.2x

Tyson Foods, Inc. TSN 18,049 62.63 1.6% 1.5% 81.3% 2.9% 9.1% 0.8x 7.7x 12.8x 0.8x 7.5x

Pilgrim's Pride Corp. PPC 5,453 21.92 -2.2% 15.4% 83.6% 7.4% 10.2% 0.8x 7.7x 13.3x 0.8x 6.4x

Seaboard Corp. SEB 4,678 3,995.00 -2.2% 1.1% 87.9% NM 6.9% 0.7x 11.3x 13.6x NM NM

Prestige Brands Holdings, Inc. PBH 2,797 52.81 -5.6% 1.4% 88.6% 19.8% 24.9% 5.6x 16.3x 40.6x 4.7x 13.8x

Sanderson Farms, Inc. SAFM 2,630 115.65 11.9% 22.7% 89.3% 11.2% 15.9% 0.8x 5.5x 11.9x 0.7x 5.2x

Cal-Maine Foods, Inc. CALM 1,734 39.60 7.6% -10.4% 84.8% NM NM 1.6x NM NM 1.3x 17.0x

Pingtan Marine Enterprise Ltd. PME 312 3.95 -15.4% 127.0% 76.3% NM 12.4% 17.5x NM 197.5x NM NM

Aoxin Tianli Group, Inc. ABAC 17 2.10 -9.9% -41.9% 51.6% NM 11.1% NM NM NM NM NM






($ in Mil)

TEV/

Rev

TEV/

EBITDA

6/30/2017 CVP Systems, Inc. The Middleby Corp. Machinery & Equipment - - -

6/30/2017 Kraft Heinz Co. (Cheese Plant) Upstate Niagara Cooperative, Inc. Dairy - - -

6/29/2017 ArborGen, Inc. Rubicon Ltd. Crop/ Turf/ Ornamental Inputs 42.46 - -

6/28/2017 Stampede Meat, Inc. Wynnchurch Capital Ltd. Proteins - - -

6/27/2017 Illinois Corn Processing LLC Aventine Renewable Energy Holdings Oilseeds & Ingredients 76.00 - -

6/22/2017 First Choice Nursery Puration, Inc. Crop/ Turf/ Ornamental Inputs - - -

6/20/2017 LAM International Corp. Certis USA LLC Crop/ Turf/ Ornamental Inputs 17.90 - -

6/16/2017 Duravant LLC Warburg Pincus LLC Machinery & Equipment - - -

6/16/2017 Reelcraft Industries, Inc. Madison Industries, Inc. Machinery & Equipment 115.00 - -

6/14/2017 Bowery Farming Inc GGV Capital; General Catalyst Partners; First

Round Capital; GV

Produce - - -

6/13/2017 Accelerated Genetics (Select Assets) Select Sires Animal Health & Nutrition - - -

6/13/2017 Bell Fish Co. LLC (Aquaculture Facility) AquaBounty Technologies, Inc. Proteins 14.00 - -

6/13/2017 Bright Agrotech, Inc. Plenty, Inc.; Westech Investment Advisors LLC;

Finistere Ventures LLC; Explore Holdings LLC;

Innovation Endeavors LLC; DCVC Management

Co. LLC; DCM Ventures; Kirenaga Management

LLC

Produce - - -

6/12/2017 Golden State Bulb Growers (Calla Business) BC Partners Ltd.; DNA Green Group BV Crop/ Turf/ Ornamental Inputs - - -

6/12/2017 La Fromagerie Champetre, Inc. Nutrinor Coopérative Ltd. Dairy - - -

6/8/2017 Backyard Farms Mastronardi Produce Produce - - -

6/7/2017 AgriForest Bio-Technologies Ltd. Capha Pharmaceuticals, Inc. Crop/ Turf/ Ornamental Inputs 1.34 - -

6/7/2017 BeetNPath, LLC Advantage Capital Partners Proteins - - -

6/7/2017 Simpson Norton Corp. Oakcreek Golf & Turf, Inc. Crop/ Turf/ Ornamental Inputs - - -

6/6/2017 Professional AG Services, Inc. CropLogic Ltd. Agricultural Tech & Services - - -

6/2/2017 Grow-Tech LLC BC Partners Ltd.; DNA Green Group BV Machinery & Equipment - - -

5/31/2017 A Bee Organic LLC Where Food Comes From, Inc. Agricultural Tech & Services - - -

5/30/2017 Conagra Brands, Inc. (Wesson Oil) The J. M. Smucker Co. Oilseeds & Ingredients 285.00 - -

5/30/2017 NII FPG Co. (Forestry Products Business) Kadant, Inc. Agricultural Tech & Services 173.00 2.14x -

5/25/2017 Evergreen Partners of Raleigh LLC SiteOne Landscape Supply, Inc. Crop/ Turf/ Ornamental Inputs - - -

5/24/2017 Bulletproof 360, Inc. CAVU Venture Partners Proteins - - -

5/24/2017 Cheticamp Fisheries International Ltd. Champlain Financial Corp. Proteins - - -

5/23/2017 Tillamook Country Smoker, Inc. Insignia Capital Group LLC; Tillamook Country

Smoker, Inc. (Private Group)

Proteins - - -

5/19/2017 Macro Plastics, Inc. IPL, Inc.; One Fifty One (Private Equity) Machinery & Equipment 150.00 - -

5/19/2017 Stonegate Agricom Ltd. Itafos Crop/ Turf/ Ornamental Inputs 5.63 - -

5/17/2017 Norcal Nursery, Inc. Plantas de Navarra SA Crop/ Turf/ Ornamental Inputs - - -

5/17/2017 Synutra International, Inc. Beams Power Investment Ltd. Dairy 648.33 1.67x 8.15x

5/16/2017 Thrive, Inc. /VA/ Nature's Trees, Inc. Crop/ Turf/ Ornamental Inputs - - -

5/12/2017 WestFeeds, Inc. Ridley, Inc. Animal Health & Nutrition - - -

5/11/2017 Solesbee's Equipment & Attachments LLC Lifco AB Machinery & Equipment - - -

5/9/2017 H.B. Custom Media, Inc. Lampire Biological Labs, Inc. Animal Health & Nutrition - - -

5/9/2017 Raigon Natural Beef (Import Division) Verde Farms LLC Proteins - - -

5/8/2017 HydroBio, Inc. The Climate Corp. Agricultural Tech & Services - - -

5/5/2017 Yard Club, Inc. Caterpillar, Inc. Machinery & Equipment - - -

5/4/2017 Agro Biosciences, Inc. Church & Dwight Co., Inc. Animal Health & Nutrition 100.00 - -

5/3/2017 Engage Agro USA LLC Belchim Crop Protection NV Crop/ Turf/ Ornamental Inputs - - -

5/2/2017 Borton & Son's, Inc. Altafresh LLC (dba Chelan Fresh) Produce - - -

5/2/2017 Karoun Dairies, Inc. LAG Holding, Inc. Dairy 130.00 - -

5/1/2017 Team Produce International Crystal Valley Foods Produce - - -

4/26/2017 Cargill Cattle Feeders LLC (2 Beef Cattle-Feeding

Yard Ops)

Green Plains Cattle Co. LLC Proteins 36.70 - -

4/26/2017 OmniEarth, Inc. Vista Equity Partners Management LLC;

EagleView Technology Corp.

Agricultural Tech & Services - - -

4/25/2017 Mahindra Automotive North America, Inc. Mahindra Overseas Investment Co. Mauritius

Ltd.

Machinery & Equipment 5.00 - -

4/25/2017 ZedX, Inc. BASF SE Agricultural Tech & Services - - -

4/24/2017 First Class Foods, Inc. US Foods Holding Corp. Proteins - - -

4/21/2017 Hort Tech Landscape Management One Rock Capital Partners LLC; Monarch

Landscape Holdings LLC

Agricultural Tech & Services - - -

4/20/2017 Moore Seed Processors, Inc. DLF Pickseed Canada, Inc. Crop/ Turf/ Ornamental Inputs - - -

4/19/2017 Agri-Valley Irrigation, Inc. Jain Irrigation Systems Ltd. Agricultural Tech & Services - - -

4/19/2017 Irrigation Design & Construction, Inc. Jain Irrigation, Inc. Agricultural Tech & Services - - -

4/19/2017 Mountain High Tree Service, Inc. Nature's Trees, Inc. Agricultural Tech & Services - - -



($ in Mil)

TEV/

Rev

TEV/

EBITDA

4/18/2017 Beaux Freres Inc. Maisons and Domaines Henriot America Produce - - -

4/17/2017 Klipsun Vineyards Terlato Wine Group Produce - - -

4/14/2017 New England Bonsai Gardens BonsaiOutlet Crop/ Turf/ Ornamental Inputs - - -

4/10/2017 Rupari Food Services, Inc. Carl Buddig & Co., Inc. Proteins 26.00 - -

4/5/2017 Arborguard, Inc. The Davey Tree Expert Company Agricultural Tech & Services - - -

4/5/2017 Landvis Canada, Inc. Ocean Choice International, Inc. Proteins - - -

4/4/2017 Chestnut Hill Tree Farm LLC Aphria, Inc. Produce - - -

4/4/2017 Dealer Information Systems Corp. Perseus Operating Group Agricultural Tech & Services - - -

4/4/2017 Global Industries, Inc. Ag Growth International, Inc. Machinery & Equipment 100.00 - -

4/3/2017 Advantage Food Equipment & Supplies Inc Waltons, Inc. Machinery & Equipment - - -

4/3/2017 Algal Scientific (Beta-Glucan Technology) Kemin Industries Animal Health & Nutrition - - -

4/3/2017 Sherwood Food Distributors LLC Harvest Meat Co., Inc. Proteins - - -

4/3/2017 Telvent DTN, LLC TBG AG Agricultural Tech & Services 900.00 4.23x -


agribusiness report q2 2017 - sdr-uyfpxh6dk.netdna-ssl.com...2/2/2017 interprovincial meat sales...

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