AMCON Distributing Company (NYSEAM:DIT) agreed to acquire Burklund Distributors, Inc. for approximately $19.6 million on March 11, 2024. The total consideration of approximately $19.6 million comprised of $15.7 million in cash and $3.9 million in term debt in the form of a promissory note payable. AMCON will continue to serve Burklund customers from Burklund?sEast Peoria and Fairview Heights, Illinois distribution centers.

Upon completion of this acquisition AMCON will be servicing approximately 7,400 locations in 32 states. The transaction is expected to close in AMCON?s third quarter of fiscal 2024, subject to customary closing conditions.