Midwest biodiesel producer seeks equity partner or entirety buyer

By 321 Capital Partners Inc. | October 04, 2013

Three Twenty-One Capital Partners Inc. (321 Capital), lead investment banker, recently announced news that its client, an operational Midwest-based biodiesel producer, is seeking an equity partner or entirety buyer for its company.

This biodiesel producer is currently producing biodiesel that meets ASTM standards and is able to use a variety of feedstock inputs to produce B100, including soybean oil, algae, yellow grease, and used cooking oil.

In addition to the production of high-grade biodiesel fuel, the company also has the capability of on-demand blending of B100 biodiesel with regular diesel fuel, which can include the most common blending B99 (99 percent biodiesel, 1 percent conventional diesel)—as well as other custom biodiesel blends such as B15 and B20, which can be produced based on customer’s needs and specifications.

The plant is located in the Midwest, with current capacity of 3.5 MMgy of biodiesel. Management believes that capacity could be increased without any major engineering costs. In addition, the plant is currently only using 11,000 square feet of a 43,000 square-foot facility for production. 321 Capital believes that the additional 32,000 square feet of expansion space on a 5.6-acre site would allow for easy scaling of the operation. The plant was originally designed as a 14 MMgy plant.

The facility is currently run and maintained by a highly trained and experienced general manager, production manager, and lead operator, with more than 10 years of experience in biofuel production.

The company’s ownership has invested heavily to bring the plant to its current state, and 321 Capital is seeking a buyer or equity partner to take the biodiesel facility to the next level.

Three Twenty-One Capital Partners Inc., headquartered in the Baltimore-Washington Metro area, is an international investment banking firm with more than 30 years of experience investing, owning, operating, buying, selling, and consulting more than 500 companies, primarily in manufacturing and distribution. 321 Capital provides solutions to middle market businesses including mergers, acquisitions, sales, equity or debt financing, consulting, valuations and turn-around management.

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