The Company sells nutritional supplements and livestock handling equipment to the agriculture sector. It represents top manufacturers’ brands of uniquely better products that optimize animal health, forage utilization, and producer profits. The Company sells through a dealer network (52%), direct to ranches (45%), and to retail customers from its own store (3%). Customers are based in Montana, Wyoming, Nebraska, North and South Dakota, Kansas, and other states. The Company differentiates itself from other distributors by focusing on higher quality products that maximize animal health, providing exceptional customer service, and managing and educating a robust dealer base.

Significant Opportunity for Growth — Founded over 15 years ago, the Company is well established with an excellent reputation for market knowledge, quality products, and superior customer service. Management believes it has the best supplement program on the market yet currently has low market share (less than 0.5% of cattle in the Company’s territory are on its products).

Exclusive Marketing Rights — The Company is the exclusive distributor in a 6-state area for a recognized livestock and horse supplement manufacturer. It also has distribution rights for other top brand nutritional supplements and cattle handling equipment.

Large Customer Base — The Company has many strong and longstanding customer relationships and benefits from a high rate of repeat and referral business. Boasting over 1,200 accounts, the largest generates less than 5% of total sales.

Increasing Gross Profit Margin — The Company’s gross profit margins have steadily increased from 24.6% in 2021 to 27.7% in 2024. This trend reflects the sale of higher-margin products.