Pinnacle Continues Aggressive Expansion
May 23, 2014 Pinnacle Agriculture Holdings has successfully acquired Performance Ag Services, LLC. Performance Ag will operate as part of Pinnacle’s Providence Agriculture brand.
Former owner, Jon Swenson, said, “This union allows Performance Ag to enhance the products and services that we bring to our growers. It also allows us to expand our operations to service new customers in the future. We are aligning with a team that is committed to innovation and capable of delivering enhanced solutions for our farmers. Also, Providence’s foundation of trust, loyalty, and integrity is very similar to Performance Ag’s company culture, so the transition should be seamless for our customers.”
Swenson will continue to manage all locations, as well as help develop new business and acquisitions. Kurt Schentzel will continue to manage all sales staff. Servicing retail and wholesale accounts, the operations will remain located at their current locations, and the current employees of all five Performance Ag locations will retain their positions under the new ownership.
“Performance Ag is a highly-regarded business with similar company values and goals of grower success, so naturally we are very pleased with this acquisition,” said Jason White, Providence Regional Business Director. “We are excited about the Performance Ag staff joining our team, and we look forward to continuing the excellent service that they have provided their growers.”
About Performance Ag
Headquartered in Aberdeen, SD, Performance Ag was formed in April 2003 by Jon Swenson, providing crop protection chemicals for area growers. The business subsequently expanded into neighboring states, and today Performance Ag operates four additional locations in Mobridge and Winner, SD, Wishek, ND, and Conrad, MT.
Recent Acquisitions
The purchase of Performance Ag was Pinnacle’s 12th acquisition since the beginning of the year. Here are the others:
- Uvalde County Farmers Co-operative
- United Ag
- Federer Fertilizer
- New Era Ag
- Studer Fertilizer
- Whittington-Sanders
- East Bernard Milling
- Max Birney Aerial Spraying
- Rupert Crafton Commission Co.
- Harvey’s Agricultural Solutions and 3-D Agronomy
- Frontier Chemical
Subscribe Today For
