Albaugh completes acquisition of Prime Source T&O business

Albaugh completes acquisition of Prime Source T&O business

Family-owned business has strong crop protection and seed treatment manufacturing presence in Midwest.

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Albaugh, LLC has strengthened its presence in the turf and ornamental business by completing its acquisition of the assets of Prime Source from Excelsior Equity.
 
“Prime Source has been an exceptional player in the turf and ornamental market, with a remarkable passion for service and providing solutions to their customers,” said Spencer Vance, President of Albaugh North America. “Today marks the beginning of an exciting new chapter for Albaugh LLC, one where we will be able to build upon this legacy by expanding our presence in the T&O market with a focus on tailored customer solutions that improve profitability, flexibility, and are more convenient to use than the leading brands.”
 
“As a family-owned business with a culture similar to our own, we feel Albaugh is the best choice to take Prime Source to the next level,” said Exum Lewis, founder and chairman of Excelsior Equity. 
 
Albaugh is a family-owned business started 40 years ago and recognized as one of the leading manufacturers and suppliers of crop protection and seed treatment products in North America. The company has a manufacturing facility in St. Joseph, Missouri. 
 
“There is little doubt that this transaction will be smooth for all parties as a result of Albaugh’s strong commitment to the Prime Source brand, the T&O market, and our customers,” Excelsior Equity CEO Keith Montgomery said.