Key Takeaways:
- Proterra Investment Partners LP acquires AcreTrader, a leading farmland investment platform.
- Acquisition supports Proterra’s focus on private equity and credit across the global food value chain.
- AcreTrader will scale offerings while maintaining its mission to increase transparency and access.
- Acres.com continues as an independent platform, expanding land intelligence services.
- AcreTrader’s team to operate within Proterra under new leadership structure.
Proterra Investment Partners Acquires AcreTrader
Proterra Investment Partners LP, a Minneapolis-based alternative asset manager with over $3.4 billion in assets under management, announced the acquisition of AcreTrader. AcreTrader is recognized as a leading platform that integrates agriculture, finance, and technology to facilitate farmland investing. The acquisition aligns with Proterra’s focus on private equity and private credit investments within the global food value chain.
Proterra’s Strategic Vision and Growth Plans
Rich Gammill, Managing Partner at Proterra, described the acquisition as “an exciting alignment of vision and capabilities.” He highlighted Proterra’s admiration for AcreTrader’s data-driven platform and strong operator relationships. Under Proterra’s ownership, AcreTrader is positioned to scale its farmland offerings while continuing to prioritize transparency and access for investors.
AcreTrader customers can expect growth in farmland investment opportunities through the platform, enhanced by additional resources available via Proterra. The transaction also supports the independent growth of Acres.com, which delivers land intelligence services to meet increasing market demand.
Leadership and Operational Structure
AcreTrader’s Founder and CEO, Carter Malloy, noted that the sale is a significant milestone for both companies. Malloy emphasized, “We built AcreTrader to make farmland investing more transparent and accessible. Proterra accelerates that mission as their reach and expertise equips AcreTrader to further scale its platform, broaden access, and deliver greater value to both farmers and investors in the years ahead.”
The AcreTrader team will now operate as part of Proterra, led by General Manager Rob Moore and Managing Director Drew Lipke. Acres.com will remain independent under Malloy’s leadership, supported by over 60 employees.
Background on AcreTrader’s Impact
Since its inception in 2018, AcreTrader has enabled investors to access farmland investments previously difficult to obtain. The platform has facilitated investments in over 140 farmland properties, covering approximately 44,000 acres across 20 U.S. states. Its investment management division, Acretrader Management, LLC, has reported net internal rates of return ranging from 9.4% to 30.3% on realized deals.
Financial terms of the transaction were not disclosed.
