Alico's $4 million consulting deal

The resignation of Alico CEO JD Alexander on Nov. 6 ends the storied ownership of one of the biggest agribusiness companies in the state.

In October, New York-based Arlon Group and private investors Remy Trafelet and George Brokaw, operating as 734 Agriculture LLC, agreed to pay $37 per share in cash for 50.5% of Alico controlled by Atlantic Blue Group, the heirs to the fortune of the Ben Hill Griffin citrus family.

The deal, worth $137.8 million, closed Nov. 19.