M&A · Industrials · Miscellaneous Food Preparations & Kindred Products
Royal Cup, Inc. to acquire Farmer Brothers Co
Announced Mar 4, 2026 · Closed May 5, 2026
Deal value$28M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$1.29 per share
Transaction
- Acquirer
- Royal Cup, Inc.
- Target
- Farmer Brothers Co (FARM)
- Buyer type
- Strategic
- Offer price per share
- $1.29
- Enterprise value
- —
- Status
- Closed May 5, 2026
Deal protections
- Break fee (target pays)
- $1.7M · 6.0%
- Reverse fee (buyer pays)
- —
- Go-shop
- Go-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Stephens
Sector context · Industrials
- Comparable deals
- 94 in the prior 24 months
- Premium
- Sector median 35.0%
- EV / Adj. EBITDA
- Sector median 10.7x
- Break fee
- 6.0% vs. 2.5% sector median
Timeline
- AnnouncedMar 4, 2026
- Proxy filedMar 17, 2026
- Definitive proxyMar 27, 2026
- Shareholder voteMay 1, 2026
- ClosedMay 5, 2026