Paine Schwartz Partners, a leader in sustainable food chain investing, announced Sept. 17 that it has made its first growth equity investment through its Paine Schwartz Food Chain Fund V (Fund V) in Advanced Agrilytics, an agronomic services business with advanced precision analytic capabilities. Financial terms of the transaction were not disclosed.
Based in Huntington, Ind., and soon to open new headquarters in Indianapolis, Ind., Advanced Agrilytics delivers independent precision farming advice to help row-crop growers interpret agronomic data and manage inputs and practices effectively to increase yields. Since its founding in 2013, Advanced Agrilytics has accrued significant efficacy data validating its holistic approach, according to the announcement. Its team of agronomists and scientists represent decades of experience in soil science, crop physiology, data science and prescriptive application development.
Kess Berg and other members of the Advanced Agrilytics leadership team will continue serving growers. Plans to augment the leadership team and expand customer, agronomic and data science teams with top industry talent are underway, the announcement noted.
“We pride ourselves, at Advanced Agrilytics, on our dedication to the science of agriculture, through better understanding key obstacles facing growers and continuing to provide innovation at the farm gate. Paine Schwartz's unparalleled agribusiness experience and deep understanding of sustainable food chain investing make them the ideal partner as we move forward toward the future of farming,” Advanced Agrilytics chief executive officer Kess Berg said. “We are excited to partner with Paine Schwartz's resources and expertise as we work to expand our business by applying our holistic agronomic approach to helping even more growers achieve the optimal yield possible on each one of their acres.”
Kevin Schwartz, CEO and a founding partner of Paine Schwartz, said, “We are pleased with this investment in Advanced Agrilytics through Fund V. The company's differentiated platform and high-touch service offering have it positioned to capture growth opportunities by meeting the increasing demand by farmers to apply precision analytics to increase yields. Together with Kess and the rest of the Advanced Agrilytics team, we look forward to driving growth and scaling the business by adding additional data scientists and agronomic professionals.”
Paine Schwartz is a private equity firm focused exclusively on investment opportunities in the fast-growing, dynamic global food and agribusiness sectors. The firm's investment, operations and finance professionals invest throughout cycles across the food and agribusiness value chain and bring a collaborative and active management approach to portfolio companies.