Transaction Overview
- Represented Agrian, Inc. in its sale to TELUS Corporation.
- Agrian, Inc. (“Agrian”) is a comprehensive agriculture Software-as-a-Service provider that serves customers across the agriculture and food value chain seeking value-added solutions to optimize productivity and profitability. Agrian is the first and only agricultural software company with a dynamic presence inside and outside the farmgate with proficiencies in both high value food and commodity crops communities and serves customers across the world. The platform integrates machine and equipment data that can be used for every crop in every market for record keeping, regulatory compliance, and precision ag purposes.
- TELUS Corporation (TSX:T), together with its subsidiaries, provides a range of telecommunications products and services in Canada. The company’s telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business smart security solutions.
Key Observations
- Client was looking to provide liquidity to shareholders after a period of strong organic growth.
Drivers of Interest
- Robust platform and multi-faceted capabilities.
- Accomplished industry adoption.
- Unusual asset that plays in both the high-value food space and the commodity space.
- Product and service offering utilized throughout the agriculture value chain.
- Differentiated ability to serve users globally.
- AgTech thought leader producing highly-developed, user-friendly tools.