CFO Capital is pleased to announce that it served as the exclusive advisor to O’Neill Grain Co as the company evaluated its strategic alternatives. The process culminated in the fourth quarter of 2015 with a new strategic relationship with Cargill, Inc. that also involved the sale of select assets. Terms of the deal were not disclosed. Steve Dennis owned and operated O’Neill Grain Co for over 27 years, serving the surrounding communities in Holt County, Nebraska, primarily through corn and soybean storage and trading. Dennis commented, “I appreciate the counsel and advice of the CFO Capital team as I prepared for the transition to exit the day-to-day operations to pursue other business opportunities and eventually retirement.” Dennis’s son, Matt, continues to provide marketing and trading services to producers through Dennis Commodities in O’Neill, NE.
The largest privately-held company in the United States, Cargill provides food, agriculture, financial and industrial products and services to the world. The company has 150,000 employees in 70 countries and had over $120 billion in revenues in fiscal year 2015. John Gustafson, managing director of CFO Capital, added “We are pleased to have had the opportunity to work with both companies to find a creative solution that accomplished each of their strategic objectives.” CFO Capital assists high growth and middle market companies with strategic transactions, ranging from capital raises to mergers and acquisitions. Comments are closed.
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