Pinnacle Asset Management’s Viserion Grain acquires major grain elevator assets

Pinnacle Asset Management, L.P., a prominent New York-based firm specialising in alternative asset management with a focus on global commodities markets, has announced a significant expansion through its portfolio company, Viserion Grain, LLC. Viserion Grain, a subsidiary of the global agricultural merchant Viserion International Holdco, LLC, has successfully acquired four grain elevator assets from Greenfield Grain, LLC. These assets are strategically located in Parkdale, Arkansas, and Dunn, Crowville, and Lake Providence, Louisiana. Although the financial details of the transaction remain undisclosed, the acquisition marks a substantial milestone for Viserion Grain.

Established in 2021, Viserion Grain has quickly positioned itself as a key player in the grain industry, driven by a team of seasoned veterans dedicated to linking local producers with both domestic and international agricultural supply chains. The company offers a range of services, including marketing, transportation, commercial management, and grain storage, effectively covering the inland waterways from northern Iowa to southern Louisiana.

Jason M. Kellman, Managing Partner and Chief Investment Officer of Pinnacle Asset Management, highlighted the strategic significance of the acquisition. He noted that integrating these new assets into Viserion Grain’s portfolio will greatly enhance the company’s ability to connect local producers with broader agricultural markets. This expansion is expected to bolster Viserion Grain’s capabilities in providing essential grain storage, transportation, and commercial management services throughout the central and southern United States.

Tim Gallagher, President of Viserion Grain, underscored the importance of this acquisition for the company’s commitment to the U.S. agriculture sector. Gallagher expressed confidence that the new assets in the Deep South will enable Viserion Grain to reliably supply high-quality grains, catering to the evolving needs of both domestic and global agriculture markets.

Tom Russell, Viserion Grain’s Southern Region Area Manager, emphasized the competitive advantage brought by this acquisition. Russell pointed out that Viserion Grain’s extensive geographic reach, combined with its strong commercial acumen and expertise in managing river assets, provides a unique market perspective and logistical flexibility. He expressed enthusiasm about integrating the new assets and continuing to serve the company’s growing base of producers.

Viserion Grain, LLC, which benefits from robust industry expertise, operates under the ownership of Viserion International Holdco, LLC, a Boulder, Colorado-based global agricultural merchant. This global merchant was established with financial backing from Pinnacle Asset Management, L.P., further solidifying the connection between Viserion International and Pinnacle.