Cow's feed

Nolan & Associates is pleased to announce that it exclusively advised DEL-uxe Feeds in its sale to Kent Nutrition Group

“Our values are so closely aligned that Kent became the obvious choice as we looked at transitioning our business for the future.”

                                                                                                                                                                                     Gary Doppenberg, Founder, DEL-uxe Feeds

Decatur, IL – (Oct. 3, 2016)  Nolan & Associates is pleased to announce that it exclusively advised DEL-uxe Feeds (Deluxe) in its sale to Kent Nutrition Group (Kent), a division of Kent Corporation.

Our Client: DEL-uxe Feeds

  • Founded in 1972, DEL-uxe Feeds, Inc. is a leading family-owned, full-service feed mill, strategically located in the heart of livestock country.
  • From its headquarters in Sheldon, Iowa and operations in Sheldon and Ireton, Iowa, Deluxe manufactures high quality livestock feed (calf, dairy, swine and beef).

Objectives of DEL-uxe Feeds

  • Deluxe sought a potential acquirer or investor capable of building on their established relationships, reputation and sound financial performance.
  • Deluxe represented a unique opportunity to acquire the leader in a very strong regional livestock feed market.

Solution: Sale to Kent Nutrition Group

  • Nolan marketed Deluxe’s history of high quality feed products, strategic location, unique-in-the-industry steam-flaked soybean technology, diverse and long-standing relationships with livestock customers and grain farmers, favorable industry trends, established brand, experienced management, solid margins and the ability to differentiate from competition.
  • Included in the list of potential investors was Kent Nutrition Group, a manufacturer and marketer of animal feed and nutrition products for commercial animals, equine and lifestyle farmers throughout the Midwest. Kent Nutrition Group is a division of Iowa-based Kent Corporation.

Sell Side Process Results:

  • Kent presented Deluxe the best proposal which included a combination of favorable economics, certainty to close and operational/cultural considerations.
  • Nolan ran a competitive process that created a sense of scarcity, competition and momentum which resulted in potential partners submitting their best bids to acquire Deluxe.

About Nolan & Associates

Nolan & Associates is a boutique investment banking firm providing Mergers & Acquisitions and Capital Raise advisory services to middle market business owners and buyers.  Founded in 1976, Nolan is broadly recognized as a leading investment banking firm with Midwestern roots and global reach.  The Nolan team has completed hundreds of transactions in the middle market while working collaboratively from its offices in St. Louis, MO and Decatur, IL.

Securities offered through Middle Market Transactions, Inc.  Member: FINRA/SIPC.