“Today, we are pleased to announce that after a year and a half of very complex, multi-party negotiations, Bomgaars will acquire 73 stores in seven states and experience an unprecedented level of growth for our customers, our community and our company,” says Bomgaars CEO Torrey Wingert. “While the federal approval process was at times equally exhausting and frustrating, our team and the Bomgaars family remained steadfast in their determination to complete this acquisition, and this collective commitment to do so was a big part in ensuring this deal was successfully concluded.”
The acquisition was part of a larger deal approved by the Federal Trade Commission for Tennessee-based Tractor Supply Co. to take over Orscheln Farm and Home, which has 167 stores in Missouri, Kansas, Nebraska, Iowa, Indiana, Oklahoma, Arkansas, Texas, Kentucky, Illinois and Ohio.
Under the consent order, Tractor Supply Co. is required to divest Orscheln’s corporate offices and the 330,000 square-foot distribution center in Moberly, Missouri, to Bomgaars and other stores to Buchheit, another chain with farm stores in Missouri and Illinois.
The deal brings Bomgaars’ total number of locations to 180 in 15 states throughout the central United States, while adding 1,400 new employees.
“I am grateful to our executive team for their persistence in seeing this deal through to its ultimate and successful conclusion,” says Bomgaars owner Roger Bomgaars. “Our family is proud of our organization, each of our approximately 3,300 current employees and the difference we make for our farm and ranch clients and customers every single day.”