AMCON acquires Burklund Distributors for ~$18.9M; expects Q3 FY2024 close

AMCON DISTRIBUTING CO

Purchase price of ~$18.9M plus working capital adjustments; funded by existing bank group borrowings and term debt.
Burklund is a third-generation wholesale distributor based in East Peoria, IL, founded in 1939.
Combined operations will service ~7,400 locations across 32 states from Burklund's two Illinois distribution centers.
Transaction expected to close in Q3 fiscal 2024 (July-September), subject to customary closing conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AMCON DISTRIBUTING CO entered into Asset Purchase Agreement with Burklund Distributors, Inc. valued at approximately $18.9 million (effective 2024-03-11).

Action: entry
Agreement: asset purchase
Counterparty: Burklund Distributors, Inc.
Value: approximately $18.9 million
Effective: 2024-03-11

Exact text from the filing

On March 11, 2024, AMCON Distributing Company (the "Company"), entered into an asset purchase agreement (the "Asset Purchase Agreement") with Burklund Distributors, Inc.

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AMCON DISTRIBUTING CO filing history →

Source: SEC EDGAR

accession 0001104659-24-035066

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