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Tractor Supply Co. to Acquire Orscheln Farm & Home
USAgNet - 02/19/2021

Tractor Supply Company announced it has entered into an agreement to acquire Orscheln Farm and Home for approximately $297 million.

Orscheln Farm and Home operates 167 stores located in 11 states: Missouri, Kansas, Nebraska, Iowa, Indiana, Oklahoma, Arkansas, Texas, Kentucky, Illinois and Ohio. The acquisition is conditioned on the receipt of regulatory approval and satisfactory completion of customary closing conditions.

"This is an exciting step for Tractor Supply as we expand our footprint in the Midwest with the high-quality assets of Orscheln Farm and Home. We have always had great respect for Barry Orscheln and the team at Orscheln Farm and Home for the strong connection they have with customers in the communities they serve, along with their industry knowledge and capabilities," said Hal Lawton, Tractor Supply's President and Chief Executive Officer.

Tractor Supply's preliminary estimates indicate the acquisition will be immediately accretive to earnings per share upon closing. Tractor Supply intends to fund the acquisition through existing cash on hand.

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