Food and agribusiness private equity firm
Arable Capital Partners
- HeadquartersBellevue, WA S1
- Founded2016 S3
- Websitearablecp.com
- Last verifiedNovember 6, 2026
At a glance
| Assets under management | $550M (as of Dec 2022) S15 |
|---|---|
| Latest fund | Arable Capital, LLC, $555.5M (Jul 2022) S12 |
| EBITDA range | $5M to $50M S2 |
| Check size | $25M+ S2 |
| Deal types | Platform, Add-on, Minority S2 |
| Sectors | Consumer & Food |
What Arable Capital Partners buys
Arable Capital Partners invests only in food and agribusiness. From offices in Bellevue, Washington and Bakersfield, California, it backs growers, packers and processors, plus an irrigation supplier to farmers, and land can be part of a deal. Its stated target is $5 million to $50 million-plus of EBITDA, with $25 million or more of equity, taken as either a majority or a minority stake. It says it is often the first outside investor in a family business, tries not to lean on debt, and set out in 2017 to hold for 15 years or more.
Its recent purchases run well above that floor. Its Pacific Trellis Fruit group paid $120.25 million for Dole's 65% stake in Progressive Produce, a business with over $400 million of annual sales, and organicgirl's parent paid $140 million for Dole's Fresh Vegetables Division. Family deals do exist: the Dorsing family kept a meaningful stake in Royal Ridge Fruits and stayed on to run it. For a smaller grower or packer, the $25 million equity minimum is the first test.
Recent deals
Announced in the 24 months before November 6, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Aug 2025 | Dole Fresh Vegetables/Bud AntleDivision bought from Dole plc by organicgirl's parent for $140 million ($90 million cash, $50 million seller note) plus an earn-out of up to $10 million | Add-on | Consumer & Food | Source |
| Aug 2025 | Braga FreshVegetable grower and processor merged into organicgirl; no terms given. The group now trades as TheogCompanies | Add-on | Consumer & Food | Source |
Portfolio by sector
From the firm's portfolio page S5.
Current Investments
- Blazer Wilkinson Gee
- Laurel Ag & Water
- Pacific Trellis Fruit
- Progressive Produce
- Royal Ridge Fruits
- TheogCompanies
Past investments: Fresh Innovations
Greymont’s take
How Arable Capital Partners fits a seller
Arable suits a family grower, packer or food processor that wants capital without a quick flip. Its 2017 fund announcement aimed for holds of 15 years or more, and its approach page says management, not Arable, runs the day-to-day work. At Royal Ridge Fruits the family stayed on as owners and managers after rolling a meaningful stake, and Blazer Wilkinson Gee's CEO said a structured deal worked for the families involved.
In Greymont's view, a company near the $5 million EBITDA floor may struggle to take a $25 million equity check, so this buyer fits better as a company gets larger. Vertically integrated businesses that own land are where it stands apart. Owners should ask how much capital is left, since its fund shows as fully sold in a January 2025 SEC filing, and which decisions stay with the family after closing.
Questions owners ask
Will Arable Capital Partners invest in a smaller family food company?
Possibly, if it clears the stated minimums of $5 million of EBITDA and $25 million of equity. Arable says it is often the first outside investor in family businesses, but the two recent purchases with published prices both came from Dole, not from small family owners.
What does Arable own in TheogCompanies?
TheogCompanies is the name adopted in June 2026 for the group formed when organicgirl merged with Braga Fresh and bought Dole's Fresh Vegetables Division. Arable calls organicgirl its portfolio company and its operating partner is the CEO, but no ownership percentage has been published.
Does Arable buy majority or minority stakes?
Its criteria allow either. It acquired Royal Ridge Fruits with the family rolling equity, and its Pacific Trellis Fruit parent bought 65% of Progressive Produce. Arable describes Blazer Wilkinson Gee as a strategic investment and has not said how large that stake is.
How long does Arable hold its companies?
It set out in 2017 to target investments of 15 years or more. Its only announced exit so far is Fresh Innovations, sold to Peterson Farms in December 2022, less than five years after Arable bought it.
Sources
- S1Arable Capital Partners home page Accessed November 6, 2026
- S2Arable Capital Partners: About Us (target characteristics) Accessed November 6, 2026
- S3Arable Capital Partners: Our History Accessed November 6, 2026
- S4Arable Capital Partners: Approach Accessed November 6, 2026
- S5Arable Capital Partners: Portfolio Accessed November 6, 2026
- S6Arable Capital Partners: Media Accessed November 6, 2026
- S7Arable Announces Combination of organicgirl, Braga Fresh and Dole Fresh Vegetables/Bud Antle (August 5, 2025) Accessed November 6, 2026
- S8Dole plc Announces Sale of its Fresh Vegetables Division to Arable Capital (August 2025) Accessed November 6, 2026
- S9Debut of TheogCompanies (June 10, 2026) Accessed November 6, 2026
- S10Dole plc Announces Sale of Progressive Produce to Arable Capital (SEC Form 6-K exhibit, 2024) Accessed November 6, 2026
- S11Arable Announces Strategic Partnership with Progressive Produce (March 14, 2024) Accessed November 6, 2026
- S12Arable Capital, LLC: SEC Form D/A (signed January 14, 2025) Accessed November 6, 2026
- S13Arable Capital Partners Raises $250 Million in Additional Capital (July 14, 2022) Accessed November 6, 2026
- S14Arable Capital Partners Closes $300 Million Fund (August 28, 2017) Accessed November 6, 2026
- S15Arable Announces Sale of Fresh Innovations (December 13, 2022) Accessed November 6, 2026
- S16Arable Announces Strategic Partnership with Royal Ridge Fruits (June 21, 2021) Accessed November 6, 2026
- S17Blazer Wilkinson Gee Welcomes Strategic Partnership with Arable (October 26, 2022) Accessed November 6, 2026
- S18Arable Announces Strategic Partnership with organicgirl (May 30, 2023) Accessed November 6, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Arable Capital Partners. Figures are as reported on the dates shown and may have changed. Request a correction