The Andersons Inc. to Acquire Harvestone for $915 Million

The Andersons Inc. agreed to acquire low-carbon ethanol producer Harvestone Low Carbon Partners for $915 million. The acquisition from Energy Capital Partners, an infrastructure investment platform of Bridgepoint Group, expands the agricultural company's renewables platform by more than 40 percent.

Harvestone operates three ethanol production plants in North Dakota and Indiana. These facilities add approximately 215 million gallons of annual capacity to the total production of The Andersons Inc., which currently stands at roughly 730 million gallons.

The company plans to finance the transaction using $300 million from its revolving credit facility and $615 million in additional long-term debt. The deal is expected to close in late 2026 or early 2027.