Los Angeles, CA – Columbine Vineyards (the “Company”) has been acquired by Agriculture Capital. FocalPoint Partners, LLC (“FocalPoint”) served as exclusive financial advisor to Columbine Vineyards. Terms of the transaction were not disclosed.
California-based Columbine Vineyards is a table grape grower with operations that include nearly 7,000 acres of farmland, cold storage facilities, proprietary varieties and other assets. Commitment to sustainability and a healthy food future is a common focus of both Columbine Vineyards and Agriculture Capital, which has permanent crop operations in California, Australia and Oregon, and has previously focused on blueberries, hazelnuts and citrus.
Martin Caratan, Columbine Vineyards President and CEO, commented, “Columbine Vineyards has been my family’s pride and joy for more than 90 years, and we are delighted to be entrusting our legacy to Agriculture Capital and their foods family.” He added, “We were drawn to Agriculture Capital because of the extraordinary amount of care they bring to the land and to the communities where they operate.”
Tom Avenelis, Managing Director at Agriculture Capital, stated, “We came together as a team with a common vision of sustainably growing the healthiest, most nutritious and highest quality food for families across the U.S. and around the world. We believe the farms and facilities of Columbine Vineyards will become an iconic part of our business. We are looking forward to working with Columbine Vineyard’s customers to meet the growing demand for healthy, delicious food.”
Regarding the transaction, Robert Woolway, Managing Director at FocalPoint, commented, “We are proud of the outcome we achieved for our client. Columbine Vineyards is a great company and a leader in the table grape industry for high quality operations and products. With their strong management team, exceptional assets and commitment to healthy foods, we believe the Company is positioned well for future success. This transaction represents another successful closing for FocalPoint’s dedicated Food practice and further strengthens our ‘farm to fork’ industry coverage approach.”
About Columbine Vineyards
Columbine Vineyards is a table grape grower, packer, and shipper located in the heart of California’s San Joaquin Valley. The Company has been growing high quality table grapes for three generations. For more information, please visit www.columbinevineyards.com.
About Agriculture Capital
Agriculture Capital is a sustainability-driven agriculture and food investment firm that invests in permanent cropland and synergistic midstream assets to create a vertically integrated enterprise that grows, packs and markets high-value produce. Agriculture Capital’s vision is a world where more people have access to food that is better and healthier for their families, while improving the land and the communities in which it operates. To learn more, visit www.agriculturecapital.com.
About FocalPoint Partners
FocalPoint is an independent investment bank specializing in mergers and acquisitions, private placements, financial restructurings and special situation transactions. With offices in Los Angeles and Chicago, the firm serves middle market clients throughout the U.S. and has a dedicated Food practice. For more information, please visit www.focalpointllc.com.