C-A-L Ranch Stores, a leading farm and ranch retailer, announced a definitive merger agreement with Coastal Farm & Home, another leading ranch and country lifestyle retailer. Nolan Capital, the majority partner of Coastal, will retain a majority stake of the newly combined company, which will operate 54 retail locations across 6 states. Carney Badley Spellman advised C-A-L Ranch Stores on the transaction. The team was led by partners Patrick Lamb and Susan Schalla, partner Zach Haveman, and associates Renee Li and Haiyan Tao.
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