Bluejay Capital Partners announces a strategic partnership with GCM Grosvenor to acquire AGT Food’s shortline rail and bulk handling infrastructure, comprising MobilGrain Ltd.
- AGT Food and Ingredients Inc. sold its shortline rail and bulk handling infrastructure, including MobilGrain and subsidiaries comprising Last Mountain Rail and Big Sky Rail, to GCM Grosvenor and Bluejay Capital Partners, ensuring continued regional agricultural logistics support.
- AGT secured a 20-year agreement to maintain access to the infrastructure, enabling it to sustain its global supply chain operations and support Saskatchewan farmers in marketing grains, pulses, and canola internationally.
- The deal positions the assets for enhanced development under GCM Grosvenor’s Infrastructure Advantage Strategy, leveraging Bluejay Capital’s expertise and addressing increased demand fueled by initiatives like the Lake Diefenbaker Irrigation Project.
The transaction includes critical infrastructure assets that support agricultural and potash exports from Saskatchewan, one of the world’s most significant grain, canola, and pulse-growing regions. The deal secures a 20-year agreement allowing AGT to continue utilizing these assets for its global supply chain, ensuring ongoing service for farmers and producers. This partnership aligns with GCM Grosvenor’s Infrastructure Advantage Strategy and Bluejay Capital’s logistics expertise, with plans to expand and enhance these operations to support economic growth. This sale not only returns significant capital to AGT but also positions the infrastructure to better serve the growing needs of the agricultural sector, driven by projects like the Lake Diefenbaker Irrigation Project. The transaction remains subject to regulatory approvals and is expected to close by early 2025.
About Bluejay Capital Partners: Bluejay Capital is an operationally focused private equity independent sponsor investing exclusively in transportation and logistics businesses. The team has more than 120 years of combined operating experience in the sector and is comprised of industry experts with a strong track record of growth and value creation. (Bluejay Capital Partners Website)
About GCM Grosvenor: GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $80 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. (GCM Grosvenor Website)
About AGT Foods: AGT Food and Ingredients is one of the largest suppliers of value-added pulses, staple foods and food ingredients in the world. We buy lentils, peas, beans, chickpeas, durum wheat and canola from farmers around our 45+ facilities located in the best pulse growing regions in Canada, the United States, Türkiye, Australia and South Africa as well as offices in the United Kingdom, Europe, India, Central Asia and China and ship our products to over 120 countries around the globe. We create value for producers, quality products for our customers and growth for the global food industry. (AGT Foods Website)
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