Ocean Park Advises on Sale of Terra Biodiesel Holding’s Biodiesel Plant
July 20, 2016 – Terra Biodiesel Holding, LLC (“Terra”) closed the sale of its biodiesel plant located in St. Joseph, Missouri to an undisclosed strategic buyer. Ocean Park Advisors (“OPA”) acted as exclusive advisor to the seller.
“OPA was instrumental in developing both operating and sales strategies,” said David Warfield, partner of Thompson Coburn LLP, who represented Terra. “Their Mergers and Acquisitions expertise, under-standing of the biodiesel sector and industry relationships contributed to this successful transaction.”
Financial terms of the transaction were not disclosed. The assets include a biodiesel refinery situated on an approximately 13-acre parcel of land. The sale also includes a license agreement for certain production technologies.
“This sale marks the twenty-first successful biofuels transaction for Ocean Park, which further solidifies our position as a leading advisor in the renewable fuels and chemicals industries,” said Bruce Comer, an Ocean Park managing director.
“We are extremely pleased with the successful closing. The biodiesel industry has strong momentum and is being consolidated into stronger hands as we move forward,” added John Campbell, another Ocean Park managing director.
About Terra Biodiesel Holding
Terra Biodiesel Holding, a St. Joseph, MO biorefinery, was originally designed as a 15 million gallons per year (“MGPY”) biodiesel plant that began construction in 2008. With subsequent investments, the facility was re-engineered with enzymatic process technology and began biodiesel production in 2013 with third-party EPA RINs certification of 21 MGPY. It received BQ-9000 certification, the industry’s quality management program, in August 2014.
About Ocean Park Advisors
Ocean Park Advisors is a corporate finance advisory firm that advises on mergers and acquisitions, financings and restructurings with extensive experience in the biofuels, cleantech, food and agribusiness industries. Ocean Park has completed 21 renewable fuels M&A transactions totaling 500+ MPGY and worth more than $400M since 2006. OPA operates a branch office of Stonnington Group LLC, a member of FINRA and SIPC. Any securities are offered through Stonnington Group LLC, 21031 Ventura Blvd., Suite 1201, Woodland Hills, CA 91364, (818) 444-0600. OPA’s professionals are licensed registered representatives of Stonnington Group. For more information, please visit www.oceanparkadvisors.com.