Bomgaars says it’s now the nation’s second largest farm and ranch retailer, behind Tractor Supply Company.
Both companies got bigger Tuesday when the Federal Trade Commission approved a mega-deal for Tennessee-based TSC to buy Orscheln Farm and Home, which has 167 stores in 11 states.
The FTC required TSC to get rid of 85 Orscheln stores because of monopoly concerns in some communities, and those stores include the ones coming to Bomgaars, which is based in Sioux City, Iowa.
The deal brings Tractor Supply Company to over 21,000 stores in 49 states and Bomgaars to 180 locations in 15 states throughout the central United States. Bomgaars will also get the Orscheln Farm and Home corporate headquarters and 300,000-square foot distribution center in Moberly, MO, for approximately $10 million dollars within 15 months of the transaction closing.