Southwest Iowa Renewable Energy, LLC to Acquire GreenAmerica Biofuels Ord LLC from Pilot Travel Centers

COUNCIL BLUFFS, Iowa, Oct. 12, 2026 /PRNewswire/ -- Southwest Iowa Renewable Energy, LLC ("SIRE"), a farmer-owned ethanol producer, announced it has acquired GreenAmerica Biofuels Ord LLC, a subsidiary of Pilot Travel Centers LLC ("Pilot"). GreenAmerica Biofuels Ord LLC owns and operates an approximately 70 million-gallon-per-year ethanol plant in Ord, Nebraska.

The acquisition is a direct step in SIRE's stated growth strategy: expanding its production base, strengthening its scale, and creating new opportunities for value-added agriculture by acquiring high-quality assets with strong operating track records, reliable feedstock supply and access to diverse markets. Upon closing, SIRE's combined production capacity will grow to approximately 230 million gallons of ethanol per year across two plants in Iowa and Nebraska.

"Our strategy is simple and disciplined: grow by investing in Council Bluffs and acquiring quality assets that make SIRE stronger for our members, our farmers and our customers," said Eric Fobes, President and CEO of SIRE. "The Ord plant fits that standard. It is a well-maintained facility with an experienced team, located in the heart of one of the most productive corn regions in the country. We see it as a strong complement to our Council Bluffs operation, and we're excited to welcome the Ord employees to the SIRE team."

The Ord facility sits in central Nebraska's corn belt, giving SIRE a second origination region, added scale in marketing ethanol, distillers grains and corn oil, and greater operational diversity across its asset base. SIRE plans to retain the plant's workforce and continue local grain purchasing, maintaining the facility's role as a key market for area farmers.

The transaction closed October 9, 2026. Financial details of the transaction have not been disclosed and remain confidential. SIRE was advised by Omaha, NE based law firm McGrath North Mullin & Kratz PC LLO.

About Southwest Iowa Renewable Energy

Southwest Iowa Renewable Energy, LLC is a farmer-owned ethanol producer headquartered in Council Bluffs, Iowa. Since beginning production in February 2009, SIRE has produced more than two billion gallons of ethanol. Its approximately 160 million-gallon-per-year dry mill produces ethanol, distillers grains, corn syrup and corn oil for customers across the continental United States, Mexico and the Pacific Rim. Learn more at www.sireethanol.com.

About Pilot Travel Centers

Pilot Travel Centers LLC ("Pilot") keeps North America's drivers moving as the leading energy and experience provider people rely on to fuel their journeys. Founded in 1958 and headquartered in Knoxville, Tennessee, Pilot is a wholly owned subsidiary of Berkshire Hathaway Inc. and employs approximately 30,000 team members. As the largest network of travel centers, Pilot has more than 900 locations in 43 states and five Canadian provinces, serving an average of 1.2 million guests per day. In addition to travel center services, Pilot and its partners offer trucking fleets a variety of solutions for fuel, credit, factoring, maintenance and rewards. The company operates the third largest fuel tanker fleet in North America and supplies approximately 12 billion gallons of fuel per year. Pilot is committed to shaping the future of energy as one of the largest providers of biodiesel and renewable fuels and through the development of its EV charging network and low carbon fueling alternatives. For additional information about Pilot, visit PilotCompany.com.

Forward-Looking Statements

This release contains forward-looking statements, including statements about the expected closing, timing and benefits of the transaction. These statements are based on current expectations and are subject to risks and uncertainties, including the satisfaction of closing conditions, commodity price volatility and integration of the acquired operations. Actual results may differ materially. SIRE undertakes no obligation to update these statements.

SOURCE Southwest Iowa Renewable Energy, LLC ("SIRE")