Deloitte Corporate Finance LLC acted as the exclusive financial advisor to H.J. Baker & Bro., Inc. (H.J. Baker), a more than 150-year-old, family-owned, agriculture business, in the sale of its operating subsidiary Tiger-Sul, Inc. (Tiger-Sul), a Shelton, Connecticut-based manufacturer of sulphur- and micronutrient-enhanced fertilizer products, to Platte River Equity (Platte River), a Denver, Colorado-based private equity firm. The transaction closed Dec. 8, 2016.

“We commend the H.J. Baker/Tiger-Sul team on their success in building a leading brand in the rapidly growing sulphur-based specialty crop nutrients sector,” said Will Frame, managing director, Deloitte Corporate Finance LLC. “Advising them on such an important milestone such as the divestiture of a clear category leader was a pleasure.”

“Since acquiring Tiger-Sul in 2005, H.J. Baker has had the pleasure of supporting Tiger-Sul’s growth and working with it to create a market leader,” said Chris Smith, CEO of H.J. Baker & Bro., Inc. “Through our new partnership with Platte River, we look forward to continuing our involvement with Tiger-Sul and assisting the business as it enters the next phase of its growth trajectory. We are confident that Platte River’s relationships and expertise in the agricultural sector will be invaluable as we seek to continue growing the sulphur fertilizer category.”