Andersons, Inc. (ANDE): M&A transaction — Andersons buys remaining 49.9% of ethanol JV for $425M; Q2 net income falls to $8M

Andersons, Inc.

Acquired remaining 49.9% of TAMH for $425M ($385M net of $40M working capital); closed July 31.
Q2 2025 net income $7.9M ($0.23 diluted EPS) vs $36.0M ($1.05) in Q2 2024; adjusted EPS $0.24.
Adjusted EBITDA $65.2M vs $98.3M; Agribusiness adj pretax income $16.8M, Renewables $9.6M.
Deal funded with cash on hand and existing credit; expects immediate EPS accretion and streamlined decision-making.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Andersons, Inc. completed an acquisition involving MPC Investment LLC ("Marathon") for $425.0 million, inclusive of $40.0 million of working capital (closed 2025-07-31).

Action: acquisition
Counterparty: MPC Investment LLC ("Marathon")
Consideration: $425.0 million, inclusive of $40.0 million of working capital
Closing: 2025-07-31

Exact text from the filing

On July 31, 2025, The Andersons, Inc. (the "Company") entered into a unit purchase agreement (the "Purchase Agreement") with MPC Investment LLC ("Marathon") to acquire the remaining 49.9% ownership interest in The Andersons Marathon Holdings LLC ("TAMH") for $425.0 million, inclusive of $40.0 million of working capital. The transaction closed on July 31, 2025, funded with cash on hand and debt from existing credit facilities.

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Andersons, Inc. filing history →

Source: SEC EDGAR

accession 0000821026-25-000147

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