Visalia, California-based AGR Partners has made two new capital investments of undisclosed amounts in Missouri-based 3D Corporate Solutions and New Zealand-based Tru-Test Limited.

 

AGR has committed a sum of growth capital in the form of subordinated debt and a non-controlling equity stake to 3D Corporate Solutions – a leading manufacturer and supplier of premium value-added food and pet food ingredients.

 

“We are excited about their investment in the group and their ability to connect us to other players in the sector that will bring more value-added opportunities for our customers and suppliers,” said 3D CEO Scott Walker in an AGR press release.

Commenting on the deal, AGR managing member, Ejnar Knudsen said, "“3D is an outstanding business with a strong team that we are excited to work with. We believe this partnership is highly strategic to AGR. The connectivity 3D has to an array of agricultural industries including poultry and seafood, as well as non-grain ingredients globally is unique. We look forward to supporting 3D’s mission to listen, serve and solve all of their customer and supplier needs.” 

 

In addition, AGR has provided growth capital in the form of subordinated debt and a non-controlling stake in Auckland-based dairy and livestock equipment company, Tru-Test Limited.

 

Tru-Test designs, produces, and markets farm equipment to customers within over 100 countries, and was the first company to commercialize the world’s first proportionate flow milk meter in 1964. Tru-Test is also the global leader in livestock weigh scales, milk metering equipment and electric fencing, and is the largest manufacturer of On-Farm milk storage tanks in New Zealand. The company also develops milk cooling and dairy automation systems.

 

“Partnering with AGR will give Tru-Test access to additional opportunities for growth and provides the financial flexibility to continue to expand the company’s capacity in global markets, while pursuing additional product lines that optimize our current footprint,” said Greg Muir, chief executive with Tru-Test in a recent AGR press release.

 

AGR Partners pursues long-term investments within the food and agriculture industries through non-controlling equity and subordinate debt transactions to gain late-stage growth, strategic acquisitions, full buyouts, and ownership transactions. And within the past 24 months, AGR Partners has committed in excess of $150 million.