M&A Deal Summary

Alico Acquires Orange-

On December 3, 2014, Alico acquired agriculture company Orange- for 274M USD

Acquisition Highlights
  • This is Alico’s 1st transaction in the Agriculture sector.
  • This is Alico’s 2nd largest (disclosed) transaction.
  • This is Alico’s 4th transaction in the United States.
  • This is Alico’s 3rd transaction in Florida.

M&A Deal Summary

Date 2014-12-03
Target Orange-
Sector Agriculture
Buyer(s) Alico
Deal Type Add-on Acquisition
Deal Value 274M USD

Target

Orange-

Arcadia, Florida, United States
Orange-Co. LP produces and markets citrus fruits in Florida. The Orange-Co assets include approximately 20,263 acres, which comprises one of the largest contiguous citrus grove properties in the state of Florida.

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Buyer(S) 1

Buyer

Alico

Fort Myers, Florida, United States

Category Company
Founded 1960
Sector Agriculture
Employees194
Revenue 40M USD (2023)
DESCRIPTION

Alico is an American agribusiness and land management company built for today's world and known for its legacy of achievement and innovation in citrus, sugar, cattle and resource conservation. Alico owns approximately 130,800 acres of land in five Florida counties (Alachua, Collier, Glades, Hendry, Lee and Polk). Its principal lines of business are citrus groves, improved farmland including sugar cane, cattle ranching and conservation, and other operations which include rock mining. Alico's mission is to create value for its customers, clients and shareholders by managing existing lands to their optimal current income and total returns, opportunistically acquiring new agricultural assets and producing high quality agricultural products while exercising responsible environmental stewardship. Alico was incorporated in 1960 and is based in Fort Myers, Florida.


DEAL STATS #
Overall 4 of 4
Sector (Agriculture) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Florida) 3 of 3
Country (United States) 4 of 4
Year (2014) 4 of 4
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-03 Silver Nip Citrus

Frostproof, Florida, United States

Silver Nip Citrus produces citrus products in Florida. The company offers oranges, as well as fresh fruits and juices to various fruit processors. It owns citrus groves located in Central and South Florida.

Buy $72M