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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