Levine Leichtman Capital Partners, a Los-Angeles based private equity firm, has acquired Agdata, a provider of workflow and data services in the agribusiness and animal health sectors, from Vista Equity Partners.
Agdata’s data-centric services work to give its customers greater supply chain visibility and tools to make better-informed inventory management, sales and marketing decisions. Agdata also provides rebate program management services for its customers. Heffy Provost, CEO of Agdata, will continue to lead the company.
“We are pleased to partner with Heffy and the Agdata team to provide the highest-quality data and analytics to the agriculture and animal health sectors,” comments Josh Kaufman, senior managing director at LLCP. “Agdata serves attractive end markets that benefit from macro tailwinds including population growth, a growing need for crop efficiency, and increased spending on food and pets. We are excited to capitalize on these favorable tailwinds to build on Agdata’s market leadership position.”
Honigman LLP served as legal counsel to LLCP on the transaction. Agdata was advised by Raymond James & Associates and Kirkland & Ellis LLP.