NORWALK, Conn. ,
July 24,
2024 /PRNewswire/ -- Heartwood Partners is pleased to
announce that after four generations of family ownership, Arrow
Seed has joined Heartwood's growing seed and erosion control
platform, NativeSeed Group ("NativeSeed"). Located in Broken Bow, Nebraska, Arrow Seed is a producer
and supplier of conservation and premium native grass, wildflower,
forages, turf grasses, small grains, and other related varieties of
seeds and seed mixes for farm and conservation applications,
primarily serving the Midwest. Customers include seed distributors,
retailers, farmers, state and local conservation districts,
municipalities, and private landowners. In addition to
expanding NativeSeed's geographic footprint into the Midwest,
the acquisition bolsters its product portfolio with expanded
warm-season seed varieties. This is the second add-on acquisition
completed by NativeSeed Group since Heartwood Partners acquired the
business in April 2022.
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Heartwood Partners is pleased to
support NativeSeed Group with its second acquisition, helping scale
its footprint.
"We were fortunate to have been presented with this opportunity
as we continue to expand our geographic footprint," said NativeSeed
Group CEO Rob Wendell. "Arrow Seed's
core values, rooted in providing customers with high quality custom
seed mixes on a just-in-time basis, align perfectly with how we do
business. We also see a tremendous fit with our Star Seed operation (www.gostarseed.com) in
nearby Osborne, Kansas, by sharing
resources and best practices in procurement and customer service.
Both entities will be better positioned to deliver immediate value
to the market and be ideally positioned to meet projected long-term
growth in cover crops and conservation throughout the Midwest."
"We are pleased to support NativeSeed with its second strategic
acquisition, helping the platform further add scale and grow its
footprint," said James Sidwa,
Managing Partner, Heartwood Partners. "We look forward to
continuing to build NativeSeed Group's portfolio of brands and
continuing to invest in future growth."
Heartwood Partners and NativeSeed would like to recognize the
advisory team at Verdant Partners for their efforts in closing this
transaction and making this partnership possible.
About Heartwood Partners: Heartwood Partners, a
middle market private equity firm founded in 1982, is
differentiated by a unique lower-leverage, current cash yield
approach designed to create partnership with continuing management.
Our approach combines a conservative capital structure with
strategic execution to support long-term growth, including organic
and acquisition-driven expansion into new products, services, and
end markets. In addition, we support each management team with our
in-house Value Creation Specialists who provide deep,
subject-matter expertise in strategic areas such as eCommerce and
digital marketing, human capital and organizational design, and IT
improvement and acquisition integration. We currently manage over
$1.4 billion in investments and
commitments, and our principals have invested in more than 100
platform and add-on acquisitions. Heartwood is currently investing
from Heartwood Partners IV, LP, and is focused on founder, family
and management-held businesses serving the food, agriculture,
specialty chemicals, niche manufacturing, packaging, and industrial
& consumer services markets. For additional information about
Heartwood, please visit www.heartwoodpartners.com.
About NativeSeed Group: Headquartered in
Carpinteria, CA, NativeSeed is a
provider of native and conservation seed, farm seed, and erosion
control products used in land reclamation and conservation,
agriculture, and consumer applications. The Company goes to market
under several market leading regional brands, serving a diverse
group of landowners, energy companies, state & federal
agencies, regional conservation districts, NGOs, farm co-ops,
environmental engineers, and contractors, with a particularly
strong presence throughout the Western and Midwestern U.S. The
company's Nature's Seed brand sells flower, turf, and pasture
blends to homeowners, hobby farmers, and smaller rural landowners
throughout the United States.
Please visit the NativeSeed website at
www.NativeSeedGroup.com to learn more.
CONTACT:
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Name: Michelle
Ryan
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Email:
mryan@heartwoodpartners.com
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Phone:
203-945-0432
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SOURCE Heartwood Partners