Crowley, Louisiana, USA
December 3, 2012
December 3, 2012 - Pinnacle Agriculture Holdings, LLC announces that its subsidiary, Jimmy Sanders, Inc. (“JSI”) has acquired G&H Seed Company, Inc. and its related company Liq-Quick Fertilizer Co, Inc. (“G&H”). Based in Crowley, Louisiana, G&H was founded in 1968 by Raymond and Kitty Hensgens. Today, G&H has 7 retail outlets plus a strong wholesale business servicing Texas, Arkansas, Missouri, Mississippi and Louisiana.
“We are excited about G&H Seed,” states Kenny Cordell, CEO of Pinnacle. “This acquisition, along with JSI, creates a significant platform to launch Pinnacle and achieve national coverage.”
Barry Knight, President of JSI, adds, “G&H will fit ideally with the Sanders’ culture and will help expand our retail footprint into South Louisiana.”
“We are extremely happy to be a part of the Pinnacle strategy. Pinnacle gives us the resources to expand our footprint and dramatically improve our product and service offerings to our customers,” notes Michael K. Hensgens, Business Manager of G&H Seed. “Our family has been committed to offering high quality agronomic goods and services to our customers since 1968. With this partnership we can continue that pledge in both agricultural inputs and technological services.”
Wayne Hensgens, G&H Seed Operations Manager and President of Liq-Quick Fertilizer Co., notes that, “The Pinnacle merger not only allows us to expand our operations but it gave us the best opportunity to keep our management team, staff and philosophy in place. That was essential in our decision because it allows us to continue to deliver the quality of service our customers are accustomed to while embracing the overall Pinnacle strategy, which is quite exciting.”
Pinnacle Agriculture Holdings, LLC was established in June of 2012 by a management team lead by Kenny Cordell and financed by Apollo Global Management, LLC. Its mission is to create a national retail distribution entity through acquisitions and “greenfield” retail establishment.
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