The funding of a senior credit facility to support the purchase of Bellpark Horticulture by AdeptAg, an existing portfolio business of LLR Partners, was handled by Monroe Capital LLC as the only lead arranger and administrative agent, Monroe Capital announced.
A couple of weeks ago, Bellpark Horticulture has been acquired by AdeptAg, a pioneer in controlled environment production systems in North America. Bellpark allows AdeptAg to increase its product options, sales, and support in the automated horticulture systems sector. For more than 20 years, Bellpark, a leading provider of horticulture automation solutions, has been based in Surrey, British Columbia, Canada. Bellpark has established a name in the market for top-notch goods, services, and support thanks to its partnerships with vendors including Visser Horti Systems, Logitec Plus, Mayer, DryGair, Unifortes, and KG Systems. This reputation will be strengthened by joining forces with the AdeptAg team.
AdeptAg, a prominent North American platform in the Controlled Environment Agriculture sector with headquarters in Oberlin, Ohio, assists professional producers in maximizing their yields and production with the aid of irrigation and automation technologies. Bellpark is a distributor and service provider of automation systems for greenhouses and nurseries to a diverse base of more than 400 customers in North America. Bellpark collaborates with its vendor network to offer customers in the agriculture industry a single piece, machine, or comprehensive solution.
Image provided by AdeptAg