An affiliate of Turnspire Capital Partners LLC (Turnspire) has acquired LifeLine Foods LLC and ICM Biofuels LLC. The operations will be combined under The LifeLine Group (LifeLine), with the food business continuing to operate as LifeLine Foods, and the biofuels business being rebranded as LifeLine Biofuels. Turnspire’s partner in the formation of LifeLine is AgraMarke Quality Grains, Inc (AgraMarke), a Missouri cooperative of corn farmers.
Headquartered in St Joseph, Missouri, LifeLine’s food business is a manufacturer of corn-based products – cornstarch, masa, and other ingredients – serving customers in the food and beverage and building products markets. LifeLine Biofuels leverages a starch stream from the food business to produce renewable fuels and other products with a low carbon intensity.
Jeremy Bezdek has been appointed President and Chief Executive Officer of LifeLine. Bezdek spent over 26 years at Koch Industries, where he led the growth of Flint Hills Resources’ biofuels business prior to its acquisition by POET. He also served as a Managing Director within Koch’s investment arm.
Chemlink Partners served as financial advisor and Freshfields LLP served as legal counsel to Turnspire in the transaction. Portage Point Partners served as financial advisor to LifeLine Foods and ICM Biofuels.
