LOS ANGELES – The Giumarra Companies, a 104-year-old fresh produce company, announces the next evolution of its business with the retirement of Don Corsaro, former President and current Chairman, and a minority equity investment from AGR Partners, a specialist food and agribusiness investor. 

“Our team thanks Don for his 65 years of guidance and mentorship, where he led a culture of integrity and service that grew the company into what it is today,” said Tim Riley, President of The Giumarra Companies. “As we look ahead, we are thrilled to partner with AGR, a like-minded organization with demonstrated success in the agriculture industry. AGR’s resources in combination with our dedicated employees, many of whom have been working with us for decades, will allow us to explore new opportunities and position our company for long-term success.”

Riley stated that customers, growers, and industry partners should continue to expect the same quality and service The Giumarra Companies has been known for since 1922, now with the expertise and capital support of AGR Partners to help accelerate the company’s growth.

“AGR’s purpose is to grow leaders and leading companies. Giumarra has built a ‘one-stop-produce-shop’ by serving retailers and foodservice customers with consistency, quality, and strong relationships across its supply chain. We are excited to support Giumarra as they continue to build on their strong foundation,” said Ejnar Knudsen, Chief Executive Officer of AGR Partners. 

“I am incredibly proud of the company we have built together and look forward to witnessing everything our team will accomplish in the future alongside AGR,” said Don Corsaro, retiring Chairman of The Giumarra Companies. 

About the Giumarra Companies

The Giumarra Companies is a leading international network of fresh produce growers, distributors, and marketers that encompasses a world of flavor and freshness. Since its inception in 1922, the company has taken pride in a longstanding commitment to quality, service, and industry leadership. Products packed under Giumarra’s trusted family of brands are supported by a suite of top-tier service solutions and enjoyed by consumers daily. Together with our partners, we’re feeding the world in a healthy way. Visit us at www.giumarra.com.

About AGR Partners

AGR Partners is a specialist food and agribusiness investor that provides long-term equity and subordinated debt to grow industry leaders. Since its founding in 2012, AGR has provided $900 million to 22 middle-market agribusinesses. The firm supports a range of strategic initiatives, including growth equity investments, mergers and acquisitions, management buyouts, and shareholder liquidity solutions. With a focus on long-term partnerships, AGR brings deep industry expertise and a collaborative approach to building lasting legacies. The firm invests across North America and Australia. Visit us at www.AGRpartners.com

Statement

This news release contains forward-looking statements relating to future events. Actual results and events may differ from those projected. This news release is made as of the date hereof, and Rio Vista Ventures undertake no obligation to update or revise this statement, whether as a result of new information, future events or otherwise.

Rio Vista Ventures makes no warranty of any kind, whether express or implied, with regard to any products and services and the use of any marketing, branding, research, advertising, licensing, packaging, trademark, software, plans, projections and/or other data furnished to Rio Vista Ventures or its agents by contractors, suppliers, independent contractors and third parties, and included in media placements. Any action you take upon the information contained herein is strictly at your own risk. Rio Vista Ventures will not be liable for any losses and damages in connection with the use of this statement. The information contained herein does not constitute investment or advice.

Rio Vista Ventures and its respective logos are trademarks, registered trademarks, or service marks of the company. Other products and company names mentioned are the trademarks of their respective owners.