Elders supercharges agribusiness consolidation with $475m Delta buy

According to the Australian Financial Review, one of the country’s largest agribusiness groups, Elders, is paying $475 million to acquire Delta Ag, a private-equity backed firm that provides everything from real estate services to bulk fertiliser supply.
The deal to buy a rival one-third its size which operates in many of the same towns is expected to be scrutinised by the Australian Competition and Consumer Commission.
Delta has been largely owned by Odyssey Private Equity, which bought into the company in 2019. Odyssey had previously considered selling its stake in 2022, when it drafted in UBS to look at potential transactions.

https://www.afr.com/companies/agriculture/agribusiness-group-elders-in-475m-buyout-of-rival-delta-ag-20241115-p5kqyt