HCI Equity Partners, a lower middle-market private equity firm, has sold SouthernAg Carriers, Inc, a transportation and logistics service provider for agricultural and related processed food manufacturers, specialising in peanuts, cotton, pecans and other agricultural products to large consumer packaged goods customers including Mars, P&G and ConAgra.

SouthernAg has five facilities in Georgia, North Carolina and Texas.

Republic Partners served as the financial advisor and Vedder Price served as legal counsel to SouthernAg.