AcreTrader of Fayetteville announced that it has acquired AgValuation LLC of Nassau, Delaware, which offers a web-based land valuation tool for transactions that don't require an appraisal.
Financial terms of the deal were not disclosed.
AgValuation was founded in 2018 by Curtis Bearden of AgValue Consulting, Jodi Pries and Richard Gilmore of AgVisory. Angel Evans of AgLife Marketing joined as a partner in 2019.
Pries and Evans have been retained by AcreTrader to oversee the transition.
“We're excited to partner with AgValuation as we believe their impressive technology and skill sets help further our mission of bringing transparency to the land market throughout the United States,” Carter Malloy, founder and CEO of AcreTrader, said in a news release. “Angel and Jodi are an outstanding team and incredibly additive to our culture and what we’re building.
"This acquisition brings expertise and advanced technology to AcreTrader, helping us to further establish a foothold in the land valuation market.”