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The Andersons to acquire Harvestone for $915M

PRIVATENov 04, 2026

Acquiring Company

The Andersons

Acquired Company

Harvestone Low Carbon Partners

MaumeeBismarckManufacturingEnergyRenewable Energy

Description

The Andersons, Inc. has entered into a definitive agreement to acquire Harvestone Low Carbon Partners from Energy Capital Partners for $915 million. The deal adds about 215 million gallons of annual ethanol capacity, raising the combined platform to roughly 730 million gallons. The transaction is expected to be immediately accretive to earnings per share and cash flows, subject to customary adjustments and closing conditions.

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Company Information

Company

The Andersons

Location

Maumee, Ohio, United States

About

The Andersons, Inc., celebrating 75 years of service and named to Forbes® list of America's Best Employers for 2022, is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors. Guided by its Statement of Principles, The Andersons is committed to providing extraordinary service to its customers, helping its employees improve, supporting its communities, and increasing the value of the company. For more information, please visit www.andersonsinc.com.

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Frequently asked

Who acquired Harvestone Low Carbon Partners?

Harvestone Low Carbon Partners was acquired by The Andersons, based in Maumee. The deal was reported on November 4, 2026. The Andersons is privately held.

When did The Andersons acquire Harvestone Low Carbon Partners?

The Andersons's acquisition of Harvestone Low Carbon Partners was reported on November 4, 2026. The Andersons, Inc. has entered into a definitive agreement to acquire Harvestone Low Carbon Partners from Energy Capital Partners for $915 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Harvestone Low Carbon Partners do?

Harvestone Low Carbon Partners, LP (HLCP) is a low-carbon biofuels producer operating at the intersection of traditional ethanol manufacturing and energy transition. It is privately held, operating in Manufacturing, and is based in Bismarck.

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