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PINNACLE AG HOLDINGS ACQUIRES RETAILER PERFORMANCE AG SERVICES
Source: Pinnacle Agriculture Holdings sent via AgPR--the news distribution service for agriculture

Pinnacle Agriculture Holdings, LLC ("Pinnacle") has successfully acquired Performance Ag Services, LLC ("Performance Ag"). Performance Ag will operate as part of Pinnacle's Providence Agriculture brand ("Providence").

Headquartered in Aberdeen, South Dakota, Performance Ag was formed in April 2003 by Jon Swenson, providing crop protection chemicals for area growers.

The business subsequently expanded into neighboring states, and today, Performance Ag operates four additional locations in Mobridge and Winner, South Dakota, Wishek, North Dakota, and Conrad, Montana.

Former owner, Jon Swenson, said, "This union allows Performance Ag to enhance the products and services that we bring to our growers. It also allows us to expand our operations to service new customers in the future. We are aligning with a team that is committed to innovation and capable of delivering enhanced solutions for our farmers.

"Also, Providence's foundation of trust, loyalty, and integrity is very similar to Performance Ag's company culture, so the transition should be seamless for our customers."

Jon Swenson will continue to manage all locations, as well as help develop new business and acquisitions. Kurt Schentzel will continue to manage all sales staff. Servicing retail and wholesale accounts, the operations will remain located at 38420 U.S. Highway 12, Aberdeen, South Dakota 57401; 1324 East Grand Crossing, Mobridge, South Dakota 57601; 31710 Harvest Road, Winner, South Dakota 57580; 4129 Highway 13 SE, Wishek, North Dakota 58495; and 711 South Virginia Street, Conrad, Montana 59425.

The current employees of all five Performance Ag locations will retain their positions under the new ownership.

"Performance Ag is a highly-regarded business with similar company values and goals of grower success, so naturally we are very pleased with this acquisition," said Jason White, Providence Regional Business Director. "We are excited about the Performance Ag staff joining our team, and we look forward to continuing the excellent service that they have provided their growers."

About Pinnacle Agriculture Holdings, LLC

Pinnacle Agriculture Holdings, LLC is a best-in-class agricultural retail distribution business created through acquisitions and greenfield retail establishments. The company operates through its Sanders, Providence Agriculture, AgOne Application Services and Innvictis brands, serving growers across 20 states. Pinnacle is multifaceted in its operations, which include seed production and sales, agricultural chemical distribution, bulk handling of fertilizer, precision agriculture services and general merchandise for the farming, livestock and wildlife industries.


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