produces and distributes animal feed, poultry and swine

$27M Revenue

Company Overview

The Company is a livestock feed processor providing additional grain storage and elevator services to local farmers in and around Kalona and Washington, Iowa.

The Company also maintained livestock holdings in swine and poultry.

Finally, the company maintained a small retail operation at its primary grain elevator location in Kalona, Iowa.

Engagement Overview

The Company’s senior lender grew concerned with the financial performance of the Company due to ongoing operating losses, principally due to the livestock holdings.

FDP examined performance of each of the Company’s revenue streams and facilities to assess underperformance.

Through its examination, FDP determined the Company was adequately covered on a significant portion of its grain and livestock holdings due to its hedging strategies.

FDP determined additional capital was needed to maintain ongoing operations.

In addition, the Company maintained excess capacity at its Washington, Iowa location.

The Company sold its under-utilized grain storage facilities and injected the capital into the business.

Results

Through FDP’s operational review, the Company funded its operational needs through the sale of an under-utilized grain storage facility.

FDP News

Feb - 21

2020 Year in Review

Chicago, IL - Despite the rollercoaster ride that was 2020, we at FDP are proud to say that, thanks to our resilient and trusting clients, hard-working and talented staff,... Read More

Sep - 20

Fort Dearborn Advises Motor Distributor

Fort Dearborn Partners served as a financial advisor for the refinancing of a $3.5M Line of Credit and $2.2M mortgage for a $20 million Illinois-based motor distributor coming... Read More

Jul - 20

Fort Dearborn Advises Private High School

Chicago, IL - Fort Dearborn Partners is pleased to announce that we served as exclusive financial advisor to a private high school for the refinancing of $13,000,000 in... Read More