NEW YORK June 21, 2013 – Carl Marks Advisors, a leading consulting and investment banking advisor to middle market companies, has completed its advisory role in Choice Ethanol Holdings LLC’s sale to Green Plains Renewable Energy (“GPRE”).
GPRE acquired Choice Ethanol Holding’s ~50 million-gallon-per-year ethanol production facility located in Atkinson, Nebraska, as well as its storage and transload facility located approximately 15 miles from the plant. The transaction was completed in June 2013.
The investment banking practice at Carl Marks Advisors served as the exclusive financial advisor to Choice Ethanol Holdings LLC throughout the sales and marketing process. Lindquist & Vennum PLLP served as legal counsel to Choice Ethanol Holdings LLC.
“The sale of Choice Ethanol Holdings to Green Plains Renewable Energy is a terrific result for our client and yet another transaction that exemplifies Carl Marks’ deep expertise in the advanced biofuels markets,” said Christopher Wu, Partner at Carl Marks Advisors. “Our team’s unparalleled knowledge and experience in this sector has proven invaluable to producers and investors seeking capital solutions.”
Carl Marks Advisors remains at the forefront of strategic activity within the ethanol industry and has successfully advised on engagements in the sector representing over 3.5 billion gallons of aggregate domestic production capacity on behalf of its clients.
Christopher Wu, C. Scott Chabina and David Endo led the investment banking team for Carl Marks Advisors. George Singer served as lead counsel on behalf of Lindquist & Vennum PLLP.