Pinnacle Asset Management to Acquire JBS USA Five Rivers Cattle Feeding

Pinnacle Asset Management to Acquire JBS USA Five Rivers Cattle Feeding

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Affiliates of Pinnacle Asset Management, L.P., a leading commodities and natural resources investment firm, today announced they have entered into an agreement to acquire the U.S.-based cattle feeding assets and farms, collectively known as Five Rivers Cattle Feeding, from JBS USA, a leading global food company, for approximately $200 million (USD). Five Rivers Cattle Feeding is the largest cattle feeding operation in the world, with roots in the U.S. dating back to the 1920s. The transaction includes 11 feed yards across Arizona, Colorado, Idaho, Kansas, Oklahoma and Texas, with feeding capacity of more than 900,000 head of cattle, and a long-term agreement to supply cattle to JBS USA beef processing plants.

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