OKC West Livestock Enters Partnership with National LivestockWed, 17 Dec 2014 14:45:35 CST
OKC West Livestock Market, Inc. announced Wednesday that it has entered into a letter of intent with National Livestock. National is an Oklahoma based cattle marketing and financing group that was founded in 1932. Under the letter of intent, National Livestock and other partners will invest in OKC West to expand its operations.
Bill Barnhart, General Manager of OKC West, said, "We are excited about this partnership with National. The deal will expand our capital base and create new opportunities for us to better serve cattlemen in several states. It will also create new opportunities for National to expand the availability of credit to a broader group of cattle producers. We see this as a win-win."
Barnhart indicated that the transaction is expected to close in the second quarter of 2015. Management of OKC West will remain in place.
OKC West Livestock is one of Oklahoma's premier livestock auction facilities located in El Reno, Oklahoma, off Interstate 40.
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