Rural American Fund, L.P.

Rural American Fund, L.P. is a private equity firm established in 2007 and based in Chicago, Illinois. The firm specializes in making partnership investments in growing middle-market companies, primarily within the agriculture and agriculture-related sectors in the United States. With a focus on supporting operational improvements and growth initiatives, Rural American Fund collaborates closely with company owners and management teams. The firm is managed by three Principals who collectively bring over 50 years of experience in private equity, corporate development, and middle-market mergers and acquisitions. Additionally, the advisory team comprises four accomplished entrepreneurs, enhancing the firm's operational leadership capabilities. Rural American Fund targets companies with earnings before interest, taxes, depreciation, and amortization (EBITDA) ranging from $2 million to $10 million, and annual revenues exceeding $15 million, thereby emphasizing its commitment to the lower middle-market segment.

Thomas Karlson

Co-Founder, Partner and Principal

Mia Koch

Co-Founder and Partner

Nolan Spencer

Operating Partner

1 past transactions

Aquatrols

Private Equity Round in 2015
Aquatrols is the world leader in the development of soil surfactants and other technologies that optimize soil-water-plant interactions. For more than 50 years, they been changing the way the world grows by providing reliable and beneficial products to managers in the turf, agriculture, greenhouse & nursery, and snowmaking industries. They currently have a significant presence in the American, Canadian, and International markets. Each division plays a unique but collaborative role in advancing their ultimate goal of sustainable water use and global resource conservation. Their company aspires to discover, develop, produce, commercialize, and support products that bring agronomic, economic, and environmental benefit to each of their customers.
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