Jimmy Sanders today announced that it
has formed a strategic partnership with Pinnacle Agriculture Holdings, LLC
(“Pinnacle”) and affiliates of Apollo Global Management, LLC APO
(collectively with its subsidiaries “Apollo”), a leading global alternative
investment manager, to pursue the development of a national agricultural input
distribution network.
Mike Sanders, Chairman of Jimmy Sanders, Inc., stated, “We are excited about
the ongoing growth potential for Jimmy Sanders and we plan to continue our
successful strategy of opportunistically acquiring and developing strategic
agricultural distribution assets. My family and I are enthusiastic about this
partnership and the ability to further enhance the Company's distribution
network while maintaining the culture and grower focused approach the Jimmy
Sanders brand has come to represent over the past six decades.”
Barry Knight, Executive Vice President of Jimmy Sanders, Inc., commented, “We
are fortunate to have such a long-tenured, cohesive management team at Jimmy
Sanders and are confident in our ability to create value for our investors by
executing a broad range of business development opportunities. We will remain
anchored in the Company's core values and long-standing position as a valued
partner to growers, prioritizing solid agronomy in order to face the
challenges of feeding the world's growing population.”
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