Hansen Creek Farms Ltd.
Miami Colony Farms Ltd. has acquired the shares of Hansen Creek Farms Ltd.
Engagement Type:
Industry:
Miami Colony Farms Ltd. has acquired the shares of Hansen Creek Farms Ltd. MNP Corporate Finance Inc. acted as exclusive financial advisor to Hansen Creek Farms Ltd. in structuring and negotiating this share transaction with Miami Colony Farms Ltd.
Transaction Brief
This share transaction has allowed the shareholders of Hansen Creek Farms Ltd. (“Hansen Creek”) to implement their succession strategy while maximizing overall value and reducing the administrative burden of selling the farmland and equipment piecemeal. By structuring a share sale and selling the farm as a going concern, all farmland, equipment and working capital were sold.
Hansen Creek is a 6,000-acre grain farm located in Ste. Rose du Lac, Manitoba, that produces barley, canola, soybean and wheat.
Miami Colony Farms Ltd. (“Miami Colony”) is a Hutterian Brethren colony located in Miami, Manitoba. It was founded in 1966 as a division from the James Valley Hutterite Colony. Miami Colony operates grain and hog farms, in addition to light manufacturing enterprises.