Boyceville, WI (PRWEB) November 16, 2011
Western Wisconsin Energy, LLC, of Boyceville, Wisconsin, announced it has entered into an exclusive agreement to be purchased by Big River Resources, LLC, headquartered in Burlington, Iowa.
Western Wisconsin Energy, originally formed in 2003, is a successful, operating ethanol plant located near Boyceville, Wisconsin. The plant started operations in September of 2006. In 2008 Western Wisconsin started planning the addition of a 4th fermenter, which came on-line in early 2009. The new fermenter together with other supporting infrastructure brought the nameplate capacity up to 55 million gallons per year.
Ascendant Financial Partners served as the exclusive M&A and financial advisor to Western Wisconsin Energy in the sale. Ascendant is a leading business and financial advisor serving clients in the agribusiness, food and renewable energy industries. Ascendant Financial Partners is a registered FINRA broker/dealer.
Big River’s press release describes the sale as a win-win for all the parties involved. “Big River Resources views this as an opportunity to continue to provide the Boyceville area with employment opportunities, support the local community, and provide price support for corn to the local agricultural community.”
Big River Resources continues to fully evaluate growth as an option. Its goals include providing employment opportunities for rural communities, sustainability support for the local communities, adding value to agricultural products while adding value to investor returns. In doing so, Big River Resources supports the energy independence of the nation by producing environmentally friendly renewable fuel ethanol, improving feed infrastructure with high value distillers grains, and decreasing dependence on foreign oil.