Our Toronto office advised certain members of the board of directors of Deveron Corp., a leading agriculture services and data company in North America, on its entry into a share and asset purchase agreement with Rock River Laboratory Inc. and its affiliates.
The transaction, valued at $36.4 million, includes the sale of all Deveron’s assets, including its 66.6% equity interest in A&L Canada Laboratories East, Inc., together with the remaining ownership held by minority vendors.
This strategic transaction enables Deveron to retire significant secured debt obligations, settle earnout payments, and restructure convertible debentures, while ensuring continuity for A&L East’s operations under Rock River’s ownership.
More details are available here.