King Ranch Acquires 50% Stake in Cobalt Cattle

April 9, 2024

King Ranch, Inc. has acquired a 50% stake in Cobalt Cattle, the United States' fourth-largest cattle feeding operator, which runs six feedyards across Colorado, Kansas and Texas. The transaction brings King Ranch into a strategic partnership with Cobalt (which is backed by growth equity partner AGR Partners) as part of King Ranch's move to expand and vertically integrate across the beef value chain.

Buyers
King Ranch, Inc.
Targets
Cobalt Cattle Company LLC
Industry
Agriculture
Location
Kansas, United States
Transaction Type
Growth capital

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