Deveron Acquires 67% Stake in A&L Canada Laboratories

May 2, 2022

Deveron Corp. has agreed to acquire a 67% equity interest in A&L Canada Laboratories East, Inc. for $50.3 million (cash and shares), with an option to acquire the remaining 33% after three years. The acquisition expands Deveron's lab capacity and agronomy capabilities, creating a vertically integrated agriculture data company headquartered in Canada and increasing pro forma revenue to $35.3 million.

Buyers
Deveron Corp.
Targets
A&L Canada Laboratories East, Inc.
Sellers
Certain vendor shareholders (including Greg Patterson)
Industry
Agriculture
Location
Ontario, Canada
Transaction Type
Buyout

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