SDR Ventures served as the exclusive sell-side advisor to Acuity and The Maschhoffs in their carve-out and sale of their swine genetics business to Canadian-based Fast Genetics (now called AccuFast), a subsidiary of ST Genetics. The SDR engagement was led by Eric Bosveld, Senior Advisor, Food & Agribusiness, SDR Ventures.
Carlyle, Illinois-based Acuity is a rapidly growing swine genetics business founded by The Maschhoffs - the largest family-owned pork production business in North America. The Maschhoffs formed Acuity in the mid-2000s to select a pig that was more fit for their commercial production system. The success of their selection program led to the launch of Acuity Ag Solutions.
"We are excited about this next phase of genetic development within The Maschhoffs' system. This new alignment with Fast Genetics will add considerable value to our pork value chain," said Dr. Bradley Wolter, CEO of The Maschhoffs. "Our team is incredibly thankful for the level of dedication and professionalism that the SDR Ventures team showed throughout the entire process, as they ensured that the legacy of the Acuity brand would be well-positioned for enduring success." "As we explored the options for the Acuity business, it became increasingly apparent that Fast Genetics and STgen would be a great strategic partner for both The Maschhoffs and all the other Acuity stakeholders including customers, employees, management, and its supply-chain partners. The SDR Ventures team is eager to watch the alliance of Acuity and Fast Genetics flourish for years to come," commented Eric Bosveld, Senior Advisor of Food & Agribusiness at SDR Ventures.
