Fiskel Farms Transport Ltd.

Wright Spud Farms Inc. has acquired the shares of Fiskel Farms Transport Ltd.

Industry:

Agriculture

Wright Spud Farms Inc. has acquired the shares of Fiskel Farms Transport Ltd. MNP Corporate Finance Inc. acted as exclusive financial advisor to Fiskel Farms Transport Ltd. in structuring and negotiating this share transaction.

Transaction Brief

This transaction has allowed the shareholders of Fiskel Farms Transport Ltd. (“Fiskel Farms”) to implement their succession strategy while maximizing overall transaction value and after-tax proceeds by selling the farm as a going concern and structuring the sale as a share transaction. This type of transaction also alleviates the burden of selling the farmland, farm equipment, infrastructure and inventory piecemeal over a series of transactions to potentially multiple buyers. By structuring a share sale, the operations of the farm, all farmland, equipment and inventory were sold in one tax efficient transaction to a single strategic buyer.

Fiskel Farms is a 3,300-acre potato and grain farm with a McCain Foods grower’s contract located near Carberry, Manitoba. Fiskel Farms has earned the McCain Foods Champion Potato Grower award twice, most recently for the 2016 crop year, which is awarded to outstanding potato growers based on yields and quality.

Wright Spud Farms Inc. is a large potato and grain farming company based in the Carberry area and has been named as one of McCain Foods' Top 10 Producers.