Parties
Company
AdeptAg
Company
Bellpark Horticulture
On October 27, 2022, AdeptAg, the North American leader in controlled environment production solutions, acquired Bellpark Horticulture, a renowned provider of automated horticulture systems based in Surrey, British Columbia. The acquisition allowed AdeptAg to expand its product offerings and strengthen its position in the automated horticulture industry.
Bellpark Horticulture, with over 20 years of experience, has established a solid reputation through partnerships with industry leaders like Visser Horti Systems, Logitec Plus, Mayer, DryGair, Unifortes, and KG Systems. The acquisition enabled Bellpark to offer enhanced design, sales, and service capabilities, providing customers with a comprehensive solution portfolio under the AdeptAg umbrella.
Rick Parod, CEO of AdeptAg, noted that Bellpark's best-in-class reputation aligns perfectly with AdeptAg’s strategic goals, further solidifying their leadership in controlled environment agriculture. Kevin Vander Ploeg, owner and President of Bellpark, highlighted the opportunities this acquisition presented for both Bellpark and its customers.
LaBarge Weinstein acted as legal counsel for AdeptAg, while Borden Ladner Gervais LLP advised Bellpark Horticulture.
Deal Type
Merger & AcquisitionIndustry
AgricultureTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
15 November 2022