Liberty Ridge Advisors Announces the Recapitalization of Manson Growers Co-Op.
FOR IMMEDIATE RELEASE
SEATTLE, WA—March 23rd, 2022—Liberty Ridge Advisors, LLC is pleased to announce a new deal “east of the mountains” that will sweeten Washington State apple crops for years to come. Raleigh, NC-based International Farming Corporation (IFC) has recapitalized Manson Growers Co-op. a premiere Washington grower, packer and shipper of apples. Based in the Lake Chelan Valley, Manson Growers members overwhelmingly welcomed this infusion which will continue the recent trend of aging Washington orchards receiving fresh capital investments to revitalize production. Liberty Ridge Advisors acted as the exclusive financial advisor to Manson Growers. “We were very pleased to have partnered with Liberty Ridge Advisors through this transaction. We chose Liberty Ridge because we thought they connected with our diverse membership and were well suited to execute such an important milestone event for our growers,” said Jared England, CEO of Manson Grower Co-op.
He went on to say, “We are very pleased and excited to be part of the IFC family. Their ag legacy and extensive leadership in the market demonstrates their commitment to the Northwest and Washington State agricultural businesses and the greater community. This transaction was met with enthusiasm by our member growers as evidenced by their nearly unanimous vote of support.” Mr. Engand added that, “Partnering with IFC elevated our strategic position through a focus on putting grower interests first and a commitment to the highest quality for our customers.”
Charlie McNairy, CEO of IFC, comments, “We are excited to partner with Manson Growers Co-op and its growers to help build a leader in growing, storing, and packing premium fruit in Washington. Manson Growers Co-op succeeds when its growers do, which will never change. We are committed to supporting growers and continuing the legacy of Washington State’s leadership in providing premium fruit.”
About International Farming
IFC is a privately owned institutional asset manager that partners with farmers to help maximize farm profitability through progressive farming and preventive farming techniques. Founded in 2009, in Raleigh, IFC has family roots in agribusiness dating back to 1827. IFC recently also acquired Chelan Fruit, another Lake Chelan based grower cooperative. IFC also has an office in Seattle and is a privately owned institutional investment manager at the center of the world’s food ecosystem. Visit internationalfarming.com to learn more.
About Manson Growers Co-Op.
Manson Growers is a growers cooperative and an apple packing warehouse in Manson, Washington, overlooking Lake Chelan. They grow and harvest eleven different varieties of apples. Visit https://bit.ly/3L5QsOK to learn more.
For more information about this transaction, please contact the Liberty Ridge Advisors deal team:
Michael Bennett Leif Johnson
Managing Partner Managing Partner
mbennett@libertyra.com ljohnson@libertyra.com
About Liberty Ridge Advisors
Liberty Ridge Advisors provides Pacific Northwest privately held businesses' merger and acquisition advisory services, including capital transactions, mergers, acquisitions, and recapitalizations. Liberty Ridge Advisors offers concentrated experience and expertise in key industries such as aerospace, building materials, specialty contractors, medical products, general manufacturing, and distribution, applied technology, wine, business and financial services, agricultural and food products. For more information about Liberty Ridge Advisors, please visit our website at libertyra.com.
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Investment Banking Services and Securities offered through Independent Investment Bankers Corp. a broker-dealer, Member FINRA/SIPC. Liberty Ridge Advisors, LLC is not affiliated with Independent Investment Bankers Corp
Contact:
Michael Bennett, Managing Partner, Liberty Ridge Advisors, LLC
Email: mbennett@libertyra.com
Phone: (206) 422-0102