Former Poultry-Business Owner Tommy Bagwell Buys Colorado Property for $39.9 Million

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A 4,860-acre ranch in Steamboat Springs, Colo., has sold for $39.9 million in an off-market transaction

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Mr. Bagwell, 77, who lives on the shore of Lake Lanier in northern Georgia, said he bought the ranch to be a legacy property for his family, which includes four adult children, who all like to ski and fish. Christy Belton, owner of Ranch & Resort Realty, represented the sellers. Brian Hartley and Alex Maher of Live Water Properties represented the buyer.Mr. Bagwell sold American Proteins, a company his father started in the 1940s, for $875 million, including working capital. Mr. Bagwell took over the company in 1972 and led the company through a period of rapid growth. “I was in the right place at the right time,” he said. “The poultry industry had started moving into the Southeastern U.S.

 

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😮that's like 4sumn thousand football fields

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