Microgreens Grower AeroFarms Acquired By Investment Firm
From Cardinal News | June 11, 2026
The indoor vertical farming company AeroFarms in Pittsylvania County has been acquired by an investment firm. The buyer is an affiliate of Palm Ventures, a family investment office based in Greenwich, Connecticut, and Austin, Texas, according to a news release.
Thursday’s news release said the transaction closed in April. Terms of the deal were not disclosed. Before the deal, AeroFarms had faced the prospect of a shutdown and accompanying mass layoffs for months.
Palm Ventures named Gustavo Burger, a former Kraft Heinz and Anheuser-Busch InBev executive, as AeroFarms’ new CEO.
“Consumers are choosing foods that naturally pack higher nutritional value into every bite,” Bradley Palmer, chairman and founder of Palm Ventures, said in a news release. “Gustavo Burger brings decades of world-class experience, and our job is to support his team as they deliver on that promise. AeroFarms is ready for what’s next.”
