Key Takeaways
- Generate Capital announced the sale of Equinox Growers, a Virginia-based high-tech greenhouse operator, to Taylor Farms, a leading North American fresh food producer.
- The Equinox Growers facility spans 10 acres and operates as a controlled-environment greenhouse capable of producing approximately six million pounds of leafy greens annually.
- The facility was developed in 2022 by Generate Capital and constructed by a Dutch greenhouse developer, reaching operational status with a ribbon-cutting ceremony in 2024.
- Former Virginia Governor Glenn Youngkin attended the 2024 ribbon-cutting ceremony, highlighting the facility as a significant investment in Virginia's advanced agricultural infrastructure.
- The transaction terms were not disclosed, but the facility demonstrates successful disciplined development in controlled-environment agriculture at a time when many ventures have struggled.
Equinox Growers' Strategic Development
Generate Capital, a leading infrastructure investment platform, successfully developed and operated the Equinox Growers facility from groundbreaking through full production capacity. The 10-acre controlled-environment greenhouse provides a reliable year-round supply of fresh produce to East Coast markets through high-efficiency controlled-environment agriculture.
“Our strategy was to develop a high-quality greenhouse facility using proven technology and bring it successfully into operation. The facility is now producing at scale and demonstrates how disciplined development and strong operating execution can deliver reliable year-round production,” said Nam Nguyen, Chief Operating Officer of Generate Capital.
Equinox Growers Facility Specifications
Located in Louisa County, Virginia, the facility was constructed by a leading Dutch greenhouse developer and designed to produce fresh leafy greens year-round while reducing land, water, and transportation requirements compared with traditional agriculture. The greenhouse brings production closer to consumers and strengthens regional food supply chains.
