Bellevue, WA – Arable Capital Partners, LLC (“Arable”), a leader in sustainable food and agribusiness investing, is honored to have been awarded the Agri Investor 2024 “Agribusiness Deal of the Year” for its investment in Progressive Produce and Runner Up for the Agri Investor 2024 “Agribusiness Fund Manager of the Year.”

In March 2024, Arable completed a strategic investment in Progressive Produce, one of California’s premier produce companies, specializing in potatoes, onions and asparagus. Agri Investor noted that this deal “was one of the biggest agribusiness transactions in the U.S. last year and adds to Arable’s growing stable of food companies.”

“We’re honored to receive this recognition, not only for our significant investment in Progressive Produce, but also as one of the best agribusiness fund managers,” said Greg Richards, Managing Director of Arable Capital Partners. “Progressive is a great example of our approach to investing as partners with management teams, allowing for a successful ownership transition.”

The deal was structured so that Progressive Produce will continue as an independent operator while also partnering with another Arable portfolio company, Pacific Trellis Fruit, as a sister company. 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.

“There has been a lot of hard work by the Arable team and it’s paying off,” added Derek Yurosek, Managing Director of Arable Capital Partners. “It’s an honor to be recognized in this way.”

About Progressive Produce

Progressive Produce, based in Los Angeles, California, is a grower, packer, and distributor of conventional and organic produce to the retail, wholesale and foodservice sectors in the U.S. and Canada. Founded in 1967, today the Company is one of California’s premier produce companies. For further information, please visit www.progressiveproduce.com.

About Pacific Trellis Fruit

Established in 1999, Pacific Trellis Fruit is one of North America’s top year-round growers, shippers, and marketers of premium fresh fruits like table grapes, cherries, plums, nectarines, peaches, and citrus. Dulcinea Farms joined Pacific Trellis Fruit in 2014, expanding its lineup to include its proprietary mini-seedless watermelon, full size seedless and yellow mini seedless watermelon and Tuscan Cantaloupes. For further information, please visit www.pacifictrellisfruit.com.

About Arable Capital Partners

Arable Capital Partners is a leader in sustainable food and agribusiness investing and partners with businesses and owners across the food value chain. Arable’s current investments include Progressive Produce, Pacific Trellis Fruit, organicgirl, Royal Ridge Fruits, Blazer Wilkinson Gee, and Laurel Ag & Water. For further information, please visit www.arablecp.com.