Deloitte Corporate Finance LLC acted as the exclusive financial advisor to H.J. Baker & Bro., Inc. (H.J. Baker), a more than 150-year-old, family-owned, agriculture business, in the sale of its operating subsidiary Tiger-Sul, Inc. (Tiger-Sul), a Shelton, Connecticut-based manufacturer of sulphur- and micronutrient-enhanced fertilizer products, to Platte River Equity (Platte River), a Denver, Colorado-based private equity firm. The transaction closed Dec. 8, 2016.
"We commend the H.J. Baker/Tiger-Sul team on their success in building a leading brand in the rapidly growing sulphur-based specialty crop nutrients sector," said Will Frame, managing director, Deloitte Corporate Finance LLC. "Advising them on such an important milestone such as the divestiture of a clear category leader was a pleasure."
"Since acquiring Tiger-Sul in 2005, H.J. Baker has had the pleasure of supporting Tiger-Sul's growth and working with it to create a market leader," said Chris Smith, CEO of H.J. Baker & Bro., Inc. "Through our new partnership with Platte River, we look forward to continuing our involvement with Tiger-Sul and assisting the business as it enters the next phase of its growth trajectory. We are confident that Platte River's relationships and expertise in the agricultural sector will be invaluable as we seek to continue growing the sulphur fertilizer category."
About Tiger-Sul, Inc.
Tiger-Sul is a global leader in sulphur bentonite fertilizer and micronutrient technology. With manufacturing facilities in the U.S., Canada and China, Tiger-Sul is committed to providing premium-quality crop performance products to agricultural customers around the world. For more than 50 years, Tiger-Sul has produced specialty crop nutrients to improve crop yields across a variety of crop types and geographies. For more information, visit www.tigersul.com.
About Platte River Equity
Based in Denver, Colorado, Platte River Equity is a private equity firm focused on equity investments in lower middle market operating companies. The firm invests in sectors where it has deep operating and investing experience, including agriculture, chemicals, metals, minerals, aerospace, transportation, energy, and industrial products and services. Platte River has raised funds with committed capital in excess of $700 million. For more information, visit www.platteriverequity.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, DCF advises clients in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
