Arable invests in Progressive Produce
Arable invests in Progressive Produce
Arable Capital Partners LLC, a leader in sustainable food and agribusiness investing, made a strategic investment in Progressive Produce LLC. Founded in 1967, Progressive Produce is one of California’s premier produce companies, specializing in potatoes, onions and asparagus.
“With strong brands and presence across multiple channels, as well as top-tier leadership, Progressive Produce is an outstanding addition to our portfolio that is positioned for continued growth and success,” said Derek Yurosek, managing director of Arable Capital Partners.
“With its long-term approach to investments and partnership mentality, Arable is a great fit with Progressive’s people-centered culture," said Marty Kamer, who will continue as CEO of Progressive Produce. "It is also clear to us that the group at Arable has a deep understanding of the nuances associated with the fresh produce industry.”
Progressive Produce will continue as an independent operator while also partnering with Pacific Trellis Fruit as a sister company. Established in 1999, Pacific Trellis Fruit is one of North America’s top year-round growers, shippers and marketers of premium fresh fruits, including table grapes, melons, cherries, plums, nectarines, peaches and citrus. Josh Leicher, CEO of Pacific Trellis Fruit, said that “the two companies will now have even greater resources to deliver on their shared commitment of delivering excellent produce to customers. I’m looking forward to what’s ahead.”
Greg Richards, managing director of Arable Capital Partners, echoed this excitement, saying, “Arable is thrilled to welcome another company who is a produce leader across top categories with a focus on quality and best practices.”
