Wisconsin-based Digi-Star’s customized weighing systems and software are incorporated into mobile farm equipment to provide precise control over input costs, monitor resource utilization, enhance yield management and optimize farm profitability.
BCP Partner Andrew Brickman said that they have actively followed the agricultural products and process controls industries for the past few years and believe Digi-Star is a platform business that will become a precision measurement company serving the agricultural sector.
As part of the acquisition, Brickman will join Digi-Star’s board of directors, along with Malcolm Moore, the former CEO of Gehl Corporation and Dave Schroeder, the former CEO of Intermatic.
Digi-Star president & CEO Grant Ihrke said that they look forward to work with BCP to provide the highest class, precision measurement products to agricultural producers across the world.
The terms of the deal were not disclosed and senior financing for the transaction has been provided by the PrivateBank and US Bank National Association with Fifth Street Finance provided the mezzanine.
