BOULDER, Colo., July 26, 2024 /PRNewswire/ — Pinnacle Asset Control, L.P. (“Pinnacle”), a Fresh York-based backup asset control company considering international commodities markets, as of late introduced that its portfolio corporate Viserion Grain, LLC (“VGC” or the “Company”), a subsidiary of worldwide agricultural service provider Viserion World Holdco, LLC (“Viserion International”), has received 4 grain elevator belongings from Greenfield Grain, LLC. The belongings are positioned in Parkdale, Arkansas, and Dunn, Crowville, and Puddle Windfall, Louisiana. Phrases of the transaction weren’t disclosed.

Established in 2021, VGC is led via a devoted staff of grain trade veterans whose challenge is to join native manufacturers to home and world agricultural provide chains. VGC supplies complete services and products to flexibly help its consumers’ wishes, together with advertising and marketing, transportation, industrial control, and grain vault answers from northern Iowa to southern Louisiana alongside the community’s inland waterways. 

Jason M. Kellman, Managing Spouse and Prominent Funding Officer of Pinnacle, commented, “The addition of these strategic assets to VGC’s growing portfolio will materially expand the Company’s ability to connect local producers to the domestic and international agricultural value chain. It will also position VGC to continue serving its customers’ grain storage, transportation, and commercial management needs across the central and southern U.S.”

“This acquisition demonstrates our unwavering commitment to the U.S. agriculture industry and to continually enhancing our origination capabilities for our valued customers,” mentioned Tim Gallagher, President of VGC. “Expanding our footprint in the deep south with these grain elevator assets will help VGC to reliably supply high-quality grains to meet the evolving demands of domestic and global agriculture markets.”

Tom Russell, VGC’s Southern Pocket Section Supervisor, commented, “VGC’s broad geographic spread, combined with our strong commercial background and expertise managing river assets, provide us a comprehensive view of the market and logistical flexibility that few independent companies can replicate. We are excited to acquire and operate these new assets and look forward to serving our growing base of producers.”

About Viserion Grain, LLC
Viserion Grain, LLC (“VGC”) is a grain corporate supported via control with robust enjoy within the grain trade. It’s owned via Viserion World Holdco, LLC, a Colorado-based international agricultural service provider shaped with the monetary backing of budget controlled via Pinnacle Asset Control, L.P. To be informed extra, consult with www.viseriongrain.com.

About Viserion World Holdco, LLC 
Viserion World Holdco, LLC (“Viserion International”) is a world agricultural service provider founded in Boulder, Colorado. To be informed extra, please consult with www.viserion.co.

About Pinnacle Asset Control, L.P. 
Based in 2003, Pinnacle Asset Control, L.P. (“Pinnacle”) is a non-public, Fresh York-based backup asset control company centered at the international commodities markets with over $6 billion of belongings beneath control. Pinnacle supplies its institutional investor bottom with publicity to the worldwide commodities markets by way of bodily and monetary absolute go back methods and merchandise. Pinnacle is an funding helper registered with the Securities and Trade Fee; is a commodity buying and selling helper and commodity puddle operator registered with the Commodity Futures Buying and selling Fee; and is a member of the Nationwide Futures Affiliation.

Contacts

Kelly Buchanan
985-302-2015
[email protected]

Jonathan Gasthalter/Iain Hughes
Gasthalter & Co.
(212) 257-4170

SOURCE Pinnacle Asset Control