DATE: June 14, 2019
Who is Our Client?
- Lange-Stegmann Company, strategically located in St. Louis, MO, is a leading storage, transloading and wholesale provider to the U.S. fertilizer industry.
- Family-owned and operated since 1926, customers turn to Lange-Stegmann for efficient bulk material handling and storage, including barge unloading, dry and liquid storage, direct transfer and wholesale fertilizer needs.
- Lange-Stegmann has a 60-acre site at Mile 182.7 on the Upper Mississippi River that includes a barge dock, a rail yard with 23,000 feet of track, three locomotives, a truck and rail scale, and over 153,000 tons of storage capacity, including a 63,000-ton-capacity, state-of-the-art urea warehouse and five 10,000-ton-capacity domes designated for potash or phosphate. There are also two UAN tanks with a total capacity of 30,000 tons.
Why Did Lange-Stegmann Hire Nolan?
- The third-generation family ownership of Lange-Stegmann engaged Nolan in order to transition their ownership to a strategic partner who could continue their legacy.
- The ownership’s top priority was finding a partner who complemented Lange Stegmann’s culture and was a strong fit to carry on its business operations.
What Value Did Nolan Deliver?
- Nolan delivered Bruce Oakley Inc., a diverse commodity trading, distribution, and transportation company.
- Founded by Mr. Bruce Oakley in 1968 in El Paso,AR, the Company has grown into a diverse bulk commodity transportation and distribution company serving customers throughout North America.
- The acquisition of Lange-Stegmann will broaden Bruce Oakley’s fertilizer distribution network and complement their other transportation services.
- “The Lange-Stegmann acquisition is a really good fit for us, and we’re happy to welcome all of their personnel aboard,” said Dennis Oakley, President of Bruce Oakley Inc.