American Industrial Partners Finalizes Acquisition of Grain & Protein Business

American Industrial Partners (AIP), a private equity firm with significant interests in industrial businesses, has finalized its acquisition of AGCO Corporation’s Grain & Protein division. The acquired business will operate as Grain & Protein Technologies, a fully autonomous, privately owned entity under the leadership of newly appointed CEO Jacob Thomas. Thomas, bringing a wealth of experience from his tenure at The Carlstar Group and other industrial firms, will oversee the global operations, including 14 manufacturing facilities and a workforce of over 3,200 employees in multiple countries. These facilities generate revenue of about $1 billion through leading brands such as GSI, Cumberland, AP, Tecno, and Cimbria, known for grain, seed, and protein production equipment. This acquisition is seen as pivotal in strengthening AIP’s portfolio and positioning the new company as a central player in the agricultural sector. The transaction involved important financial and legal advisories, including Sidley Austin LLP as legal counsel to AIP and Morgan Stanley & Co. LLC and Rabo Securities USA, Inc. as financial advisors to AGCO. Santander US Capital Markets LLC facilitated the debt financing for the transaction. With this move, AIP reinforces its market position in industrial investments, while AGCO continues focusing on its core agricultural machinery business.