Commodity & Ingredient Hedging, Chicago, a provider of tech-enabled risk management services across the agricultural markets, has acquired of Advance Trading, Inc., a provider of risk management and brokerage services to the grain industry.
The companies will continue to operate under their current brand names, and no significant changes in employment at either company are anticipated. Charlotte-based private equity firm Falfurrias Management Partners, which recapitalized CIH in March 2022, facilitated funding of the ATI acquisition. ATI is based in Bloomington, Illinois.
“Bringing together ATI and CIH enables us to continue delivering best-in-class services for our clients and combine our strengths to bring new value to our respective client bases,” said CIH co-founder Perry Iverson.
“We’ve long respected ATI as the leader in the grain space, extensively servicing both commercial grain operations and grain producers. Combining ATI’s expertise with CIH’s technology platform and services will give the combined entity a truly unique position to serve the entire agricultural market,” said Patrick Gregory, CIH’s president.
The newly combined companies will service more than 4,000 accounts in locations across the United States, as well as customers in Latin America, Europe, and Asia.
“This acquisition marks a significant step forward in providing value to our clients as well as our company and employees,” said Drew Moore, ATI’s chief operating officer.
“It represents a strategic step, combining the expertise and strengths of both firms to enhance the value we deliver,” said Curt Strubhar, chairman of the board at Advance Trading, Inc. “With a shared commitment to objective insights and personalized strategies, this partnership will elevate our industry-leading technology, market intelligence, and risk management solutions. We are excited for this next chapter and the opportunities it brings.”
An acquisition price as not disclosed.
Chicago-based CIH provides clients with the critical information, tools and skills needed to make better risk management decisions. Through a combination of education, regular consultation and technology tools, CIH provide comprehensive risk management services to producers, importers/exporters, elevators, traders and end users in various agriculture industries, including hog, beef, dairy, poultry/feed, ethanol and crop.
For more information on CIH, visit cihedging.com and on Advance Trading, visit www.advance-trading.com.
