Andersons agrees to buy Harvestone Low Carbon Partners for $915 million
Bitget2026/11/04 11:11- The Andersons agreed to acquire Harvestone Low Carbon Partners from Energy Capital Partners for $915 million.
- The acquisition adds approximately 215 million gallons of annual ethanol capacity, expanding the platform more than 40% to approximately 730 million gallons.
- Financing comprises approximately $300 million in revolving credit facility borrowings and $615 million in additional long-term debt.
- Approximately half the purchase price reflects expected 45Z and 45Q tax credit cash flows from the low-carbon ethanol business.
- Closing is expected in the fourth quarter of 2026 or early first quarter of 2027, with immediate earnings-per-share and cash-flow accretion expected.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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