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Sound Growth Partners Acquires Stueve Construction

Sound Growth Partners Acquires Stueve Construction

Slice of Construction Team
October 18, 2024

Key Highlights:

Sound Growth Partners acquires Stueve Construction on October 1, 2024.
Stueve Construction is a leading U.S. provider of fertilizer storage facility services.
SGP’s One-Stop Buyout™ structure facilitated the acquisition.
Stueve has a 65-year history in the agricultural infrastructure space.
Brookside Capital Partners and Capitala Group participated in the transaction.

Source: Business Wire

Notable Quote:

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"Stueve’s 65-year track record of success and unmatched expertise make it an exceptional leader in the agricultural infrastructure space."

Travis Steele, Partner at Sound Growth Partners

Our Take:

The acquisition of Stueve Construction by Sound Growth Partners represents a strategic move into the agricultural infrastructure market, showcasing SGP's ability to invest in established market leaders. Stueve's longstanding expertise in bulk fertilizer storage positions it well for future growth, with SGP's One-Stop Buyout™ structure ensuring a streamlined and efficient transaction. This acquisition is likely to further solidify SGP's footprint in the infrastructure sector while supporting Stueve's continued innovation and leadership in its field.