Novus Ag LLC

Novus Ag LLC is a company focused on empowering local entrepreneurs in the agriculture sector by providing essential capital solutions and agronomy expertise to enhance their business operations. Founded in 2013 and headquartered in Fort Collins, US, Novus Ag LLC operates in the agriculture sector, providing support to local entrepreneurs. The company has undergone significant changes, including a recent pivot in ownership structure. In April 2023, Aqua Capital acquired a controlling stake in Novus Ag from Tillridge Global Agribusiness Partners for USD 65 mn.

The company has completed 2 notable deals since its inception, demonstrating its strategic growth within the agricultural marketplace. Novus Ag specializes in providing a comprehensive platform that supports local entrepreneurs in the agriculture sector. Their core offerings include capital solutions, agronomy expertise, and a robust member network that facilitates resource sharing among independent businesses. By reducing barriers to business ownership, Novus Ag enables local entrepreneurs to start, scale, and professionalize their ventures efficiently.

The company primarily serves agriculture retail businesses, agronomy advisors, and local farms, aiming to enhance their operational capabilities and market reach. Novus Ag's services are designed to address the unique needs of the agricultural community across various geographical markets, including the Midwest and the Southeastern United States, where local business ownership is particularly emphasized. Novus Ag generates revenue through a network-based model that involves partnerships with independent agricultural retailers and service providers. These transactions typically occur through membership agreements, where local entrepreneurs pay for access to Novus Ag's resources, including back-office support, purchasing power for products, and strategic guidance from agronomic experts.

The financial structure often includes tiered membership plans tailored to the size and needs of the business, fostering a collaborative environment that enhances profitability for both the company and its members. By leveraging economies of scale, Novus Ag ensures that its clients benefit from competitive pricing on inputs and services crucial for their operations, thus reinforcing their commitment to supporting local agriculture. Novus Ag plans to leverage its recent funding of USD 65 mn from Aqua Capital to enhance its service offerings and support the expansion into new markets. The company aims to introduce new products designed specifically for local agricultural businesses, with plans for launch in the upcoming year.

Additionally, Novus Ag is targeting growth in the Midwest and Southeastern U. S. regions by the end of 2024, further solidifying its commitment to local entrepreneurs in the agricultural sector.