Byrd fund buys farm gear maker

Texas company has 1,400-location dealer network

Nashville-based investment firm TVV Capital has acquired a Texas company that makes tilling and cultivating equipment sold primarily from the Southwest to the Mississippi Delta.

TVV, which is run by Andrew Byrd, isn't disclosing the terms of its purchase of 80-year-old Bigham Brothers Inc. The Lubbock-based company markets to commercial farmers through an independent dealer network with more than 1,400 locations and fits squarely into TVV's specialty of acquiring middle-market niche manufacturers. TVV last September acquired an Illinois company supplying companies in the pharmaceutical and automotive sectors.

"The acquisition of Bigham Brothers is a continuation of TVV Capital's focused approach, ability to independently source deals and cultivate relationships to identify and invest in high-growth opportunities on behalf of our investors," said Byrd. "Given its management team, current market penetration and future product strategy in the sustainable agriculture movement, Bigham is poised for considerable growth and market expansion."

Bigham's customer base is especially strong in Texas, the Southwest and the Mississippi Delta. Its products are used in both flat- and raised-bed planting environments, and officials see the potential to grow the business in coming years.

"TVV Capital approached us as a true partner would," said Sandy Kimball, who is retiring as president of Bigham Brothers. "They brought a unique understanding of our market, management style and future vision. TVV's acquisition of Bigham will enable us to not just maintain, but also aggressively expand our U.S.-based manufacturing facility to keep pace with market demand and continue our growth trajectory."