H.I.G Capital‘s (HIG’s) portfolio company ACG Materials will acquire Kirksville-based Kelly Limestone (KL) to help expand its strategic footprint in the Midwest and provide products that will serve its agriculture and turf clients.
KL is a manufacturer of prill and pelletized limestone, gypsum and dolomite products sold into various agriculture and industrial applications.
Keval Patel, a managing director of HIG, said: “We are pleased to support ACG Materials in its acquisition of Kelly Limestone. The investment further establishes ACG’s national footprint and expands our market presence for specialized agricultural products. The acquisition continues our strategy to broaden ACG’s geographic reach both regionally and nationally, as well as end market diversification.”