Agricultural
11 November, 2025
Mort & Co. feedlots to sell
After spending much of the year seeking new investors and undergoing a thorough review of its assets, Mort & Co has decided to sell the Pinegrove (Millmerran) and Yarranbrook (Inglewood) feedlots and its licence for the proposed feedlot development site at Gogango in Central Queensland.
This year, Mort & Co undertook a strategic capital raising initiative, designed to attract investors to assist in the strategic growth of its feedlot sites.
The investment memorandum attracted significant interest both domestically and internationally.
To date there has been great interest in the individual feedlot assets, however no offer was suitable for an equity stake in the whole business.
As a result, Mort & Co has undertaken a review of the assets of the company, analysing shareholder requirements, investor feedback and synergistic opportunities within the company’s asset segments.
Following the review the decision has been made to sell the Pinegrove and Yarranbrook feedlots, along with Mort & Co’s interest in the greenfield feedlot development site at Gogango.
“We, as a board and a company, recognise the potential for those three sites and firmly believe the future success of both Yarranbrook and Pinegrove feedlots is in the ability to expand and meet the growing grainfed beef requirements worldwide,” Executive Chairman and Founder, Charlie Mort said.
Pinegrove feedlot, near Millmerran in Queensland, currently operates with 9,698 standard cattle units (SCU) with the approval to expand to 21,100 SCU.
After taking full ownership in 2024, Mort & Co has just received approval for 35,000 SCU at the Yarranbrook site at Inglewood in Queensland, which is currently feeding 18,540 SCU.
The greenfield site on Thirsty Creek Road, at Gogango has approval for a 36,500 SCU feedlot.
In selling these sites, Mort & Co will not only be looking to release the high value of the assets but also find a buyer who is able to expand them to reach their full potential.
“This is not the way we envisaged the capital raising heading, but as it is in business, we need to be able to pivot from strategic plans in order to continue to be successful,” Mr Mort said.
“We have had great loyalty from our 50 plus shareholders – many for more than 20 years, and we must accept that there are changes in their plans too.
“I believe this new plan will enable the growth at Yarranbrook and Pinegrove that we had hoped for, and for a new feedlot to be built in the heart of cattle country, at Gogango in Central Queensland.”
Non-Executive Director and long-term shareholder, Richard Hughes said he’s excited to see what the future holds.
“I’ve personally and professionally loved every minute of the Mort & Co journey – the growth has been incredible, and I look forward to assisting in
the new strategy of the company post sale of our other sites.”
CEO, Stephen O’Brien said the sale will provide Mort & Co shareholders with the benefit of a capital inflow while still ensuring a bright future for staff at the established sites, including Grassdale, Australia’s largest feedlot.
“These assets are not simply a “bricks and mortar” sale,” Mr O’Brien said.
“They are whole business operations made valuable by our people on the ground who continue to keep the Mort & Co brand reputable, with a premium supply chain, long term customers, contracts and operational systems.
“Many of our employees have been with the company since the beginning of the Pinegrove and Yarranbrook journeys.”
