April, 2025. Peakstone served as exclusive M&A advisor to Lactuca Holdings, LLC dba Kalera Inc. (“Kalera”), a portfolio company of Sandton Capital Partners (“Sandton”), in connection with its sale to 80 Acres Urban Agriculture, Inc. (“80 Acres”).
Founded in 2010 and based in Aurora, Colorado, Kalera is a leading vertical farming company with three facilities strategically located in key geographic regions across the US. Kalera utilizes its proprietary technology, including plant and seed science, to sustainably grow local, delicious, nutrient-rich, pesticide-free, non-GMO leafy greens and microgreens year-round. Kalera is best known for its wide selection of microgreens and leafy greens, along with a “first-to-market” retail microgreens kit. Furthermore, Kalera has long-standing relationships with blue-chip customers in both the foodservice and retail channels.
Sandton is a New York-based firm that specializes in private debt and equity transactions for special situations in the middle market.
80 Acres is a vertical farming leader based in Hamilton, Ohio and operates indoor farms built with world-class technology and analytics by its Dutch-Israeli-American subsidiary Infinite Acres®. Using 100% renewable electricity and 95% less water per pound of produce, the company’s farms deliver pesticide-free, longer-lasting harvests while reducing food waste. 80 Acres’ branded salads, salad kits, herbs, microgreens, and tomatoes are available at over 1,500 retailers and restaurants across the US.
Terms of the transaction were not disclosed.
For additional information, please contact:
Eric Dziedzic, Managing Director, 312-346-7314, eric@peakstone.com
Dean Marshall, Managing Director, 412-506-0910, dmarshall@peakstone.com
About Peakstone
Peakstone is a leading investment bank that specializes in mergers and acquisitions, advisory, and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com. To receive investment and proprietary acquisition opportunities, please register at www.peakzone.com.