Deloitte Corporate Finance acted as the exclusive financial advisor to H.J. Baker & Bro., a more than 150-year-old agriculture business, in the sale of its operating subsidiary Tiger-Sul, a Shelton, CT-based manufacturer of sulphur- and micronutrient-enhanced fertilizer products, to Platte River Equity.
“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. “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. “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.”
With manufacturing facilities in the U.S., Canada and China, Tiger-Sul provides crop performance products to agricultural customers around the world. Based in Denver, 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.
Deloitte Corporate Finance 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.