Tractor Supply Company, the largest rural lifestyle retail store chain in the United States, announced that it and Orscheln Farm and Home LLC have signed an agreement to merge. William (Barry) Orscheln, Orscheln Farm and Home Board Chairman, made the announcement of the signing to Orscheln Farm and Home employees. Orscheln told employees that he believes TSC is an excellent fit for the Moberly-based retail company.
He stated, “Tractor Supply and Orscheln Farm and Home have tremendous respect for one another. We share similar culture and values. Bringing the companies together makes good business sense, as each of our companies and employees will bring unique and complementary experience, knowledge, and skills. The resulting synergies will enhance the total shopping experience for our customers and the communities in which we do business.”
Over the last 60 years, Orscheln Farm and Home has grown from one store in Sedalia, Missouri into 167 stores in 11 states. Tractor Supply Company operates more than 1900 Tractor Supply stores in 49 states.
Fifth Third Securities, Inc. is acting as financial advisor to Orscheln Farm and Home, while Stinson LLP is acting as legal advisor. For Tractor Supply, Goldman Sachs & Co. LLC is acting as financial advisor and Bass, Berry & Sims PLC is acting as legal advisor.