Fairbank Equipment Acquires G&R Ag Products
July 12, 2022
Fairbank Equipment, a portfolio company of Pfingsten, has acquired G&R Ag Products, a specialty distributor of agricultural parts and propane equipment headquartered in Caldwell, Idaho. The add-on deal, which closed June 30, 2022, expands Fairbank's distribution footprint into the Pacific Northwest and provides new markets for its propane product lines; G&R's president Curt Ruehl will remain with the business and become a shareholder in Fairbank.
- Buyers
- Fairbank Equipment, Inc., Pfingsten (private equity firm)
- Targets
- G&R Ag Products, Inc.
- Platforms
- Fairbank Equipment, Inc.
- Industry
- Agriculture
- Location
- Idaho, United States
- Transaction Type
- Addon
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