California-based Virgo Investment Group has invested an undisclosed amount in ARM, a Rayville company that provides agribusiness loans and crop insurance.
“The landscape for agribusiness risk management and client resource optimization is changing rapidly. These changes include increased bank regulation, growth of the crop input and insurance businesses, and continued volatility in crop markets,” said Brad Terral, co-founder of ARM. “ARM was created to address this need for unique and customized financial solutions. Virgo adds access to capital as well as financial, management and administrative expertise.”
The deal allows ARM to expand its footprint and gain nationwide coverage of the agribusiness market, said Mark Branch, ARM co-founder and president of lending.
ARM provides crop production loans and crop insurance. In addition to its headquarters in Rayville, the company has offices in Crowley; Jonesboro, Arkansas; Amarillo and Victoria, Texas; Cleveland, Mississippi; Dexter, Missouri; and Cheney, Kansas.
Virgo is a value investor that looks for deals in less efficient market segments and areas of corporate change. The firm has invested more than $725 million since it opened in 2009.