Arable Capital Partners, a leading investor in sustainable food and agribusiness, recently announced a strategic investment in Progressive Produce, a premier California-based produce company specializing in potatoes, onions, and asparagus. This partnership marks a significant development in the fresh produce industry.
Arable Capital Partners’ Managing Director, Derek Yurosek, expressed confidence in Progressive Produce’s strong brands, multi-channel presence, and exceptional leadership, highlighting the company’s potential for continued growth. Marty Kamer will remain CEO of Progressive Produce and emphasized the alignment between Arable’s long-term investment approach and Progressive Produce’s people-centric culture. He also noted Arable’s deep understanding of the fresh produce industry.
Progressive Produce will maintain independent operations while collaborating with Pacific Trellis Fruit, a sister company also under the Arable Capital Partners umbrella. Pacific Trellis Fruit is a prominent North American grower, shipper, and marketer of premium fresh fruits. Josh Leicher, CEO of Pacific Trellis Fruit, anticipates enhanced resources for both companies to deliver high-quality produce to customers.
Greg Richards, Managing Director of Arable Capital Partners, shared enthusiasm for welcoming another leading produce company with a strong focus on quality and best practices. This investment further solidifies Arable Capital Partners’ commitment to supporting sustainable and innovative businesses within the food and agriculture sector.
Progressive Produce, founded in 1967, serves the retail, wholesale, and foodservice sectors across the U.S. and Canada. The company offers both conventional and organic produce.
Pacific Trellis Fruit, established in 1999, boasts a diverse portfolio of premium fresh fruits, including table grapes, melons, cherries, and citrus. The company expanded its offerings in 2014 with the addition of Dulcinea Farms, known for its proprietary mini-seedless watermelons and other specialty melons.
Arable Capital Partners focuses on sustainable food and agribusiness investments, partnering with businesses across the food value chain. Its portfolio includes Progressive Produce, Pacific Trellis Fruit, organicgirl, Royal Ridge Fruits, Blazer Wilkinson Gee, and Laurel Ag & Water. This latest investment in Progressive Produce underscores Arable’s dedication to fostering growth and innovation within the industry.
