A USDA-inspected beef and bison processing plant in Idaho Falls, ID, that closed abruptly in April is being offered for sale through a court-appointed receivership, allowing prospective buyers to acquire a nearly new facility.
Keen-Summit Capital Partners LLC is marketing the former Intermountain Packing and American Farmers Network (AFN) facility on behalf of Amplēo Turnaround and Restructuring LLC, the court-appointed receiver. Gordon Brothers and M&M Equipment Corporation are assisting with machinery and equipment.
David Levy, managing director at Keen-Summit, told WLJ the property has attracted interest from established meat processors, investors and companies looking to expand into other parts of the supply chain.
“We have had quite a bit of interest,” Levy said, adding that the potential buyers represent a range of industry participants.
Plant processing capabilities
According to Keen-Summit’s sale brochure, the 90,000-square-foot facility sits on approximately 12 acres and has the capacity to process 500 head of cattle or bison daily.
The plant features three 660-foot boning lines, refrigerated storage and equipment for grinding, vacuum packaging, labeling and producing primal, subprimal and case-ready cuts.
The property also includes an 8,300-square-foot office building, an on-site wastewater treatment facility and approximately 1.6 acres available for potential expansion. The sale brochure lists previous customers including Costco, Walmart, Sam’s Club, Kroger, H-E-B, Sprouts, Trader Joe’s and the federal government.
Levy said the plant’s relatively recent construction and specialized equipment distinguish it from other processing facilities.
“This plant is also unique because it is one of the newest purpose-built facilities of its size in the country,” he said, noting its ability to produce specialty cuts for high-volume retail customers. “Right now, all the energy is focused on this being a turnkey sale and keeping all the equipment in place.”
Levy said Keen-Summit is marketing the facility through industry outreach, advertising and direct contact with prospective buyers. Interested parties can review property information, tour the plant and submit offers.
No firm deadline has been set. Levy said the receiver will review offers after the property has been widely marketed, with court approval required for any sale. He expects interest from processors looking to consolidate operations or expand beef and bison production.
Troubles force closure
Intermountain Packing opened in November 2022 as an additional processing option for livestock producers. In July 2025, AFN announced it had acquired the plant, describing the transaction as a way to bring slaughter, fabrication and further processing into its vertically integrated grass-fed beef business.
However, operations ended abruptly on April 3. According to an Idaho Department of Labor Worker Adjustment and Retraining Notification Act notice filed April 6, the company laid off about 150 employees after an unexpected financial crisis left it unable to meet payroll.
The closure was followed by legal action from Western AgCredit and the Bank of Commerce, which sought to appoint a receiver to protect assets securing loans made to Intermountain Packing.
In an order issued by Idaho’s 7th Judicial District Court in Bonneville County, Judge Jason Walker appointed Amplēo as receiver over the lenders’ collateral. The court found that Intermountain Packing had defaulted on multiple loans, including approximately $29.1 million owed on two Western AgCredit loans as of April 27. Separate Bank of Commerce obligations totaled approximately $16.7 million as of April 9, including checking account overdrafts.
The court also found that Intermountain Packing had not paid certain property taxes and that the facility’s electrical service had been disconnected. According to the order, the company’s assets appeared insufficient to cover its outstanding loans, and the property could lose value without court intervention.
In late 2024, Idaho-based Dry Creek Dairies LLC and Idaho Magic Milk LLC, along with Washington Agri-Investments LLC, sued Intermountain Packing, alleging violations of the Packers and Stockyards Act, breach of contract and unjust enrichment. The companies claimed Intermountain failed to promptly pay approximately $2.15 million for livestock delivered in 2023 and failed to purchase an additional 528,597 pounds as agreed. Intermountain denied the allegations in a Dec. 13, 2024, court filing.
Separately, USDA filed a complaint in 2024 against Intermountain Packing and its CEO, David Adams, alleging violations of the Packers and Stockyards Act.
AFN was also involved in a federal lawsuit with Utah-based Producers Livestock Marketing Association involving Roman Cattle Co., Two Good Sons Inc. doing business as AFN, and AFN owner Sanin Mirvic.
According to an August court order, attorneys representing the three parties withdrew in July. When the defendants failed to obtain new representation or respond within 21 days, Producers Livestock sought an entry of default and default judgment. U.S. Magistrate Judge Debora Grasham ordered the clerk to enter default but denied the request for default judgment as premature, leaving the matter unresolved.
Although the plant remains closed, Keen-Summit is continuing to solicit offers from prospective buyers. Additional information about the property and sale process is available at keen-intermountainpacking.com. — Charles Wallace, WLJ contributing editor
