Dealer News Update

Chuck Schulte has announced that he has sold his four decade old Deere dealership, Green Power Equipment, in Caledonia, MN to SEMA Equipment, Inc. The sale adds the eighth location in MN for SEMA.

Ellefson Implement in Mitchell, one of the last single-family-owned Deere dealerships in South Dakota, has been sold to C&B Operations, of Gettysburg, SD.

C&B Operations owns and operates 19 Deere dealerships in South Dakota, Minnesota, Montana, Wyoming and Idaho. The sale is subject to John Deere’s approval, and owners anticipate it will take place by year’s end, according to a news release.

The Kenn-Feld Group, LLC and Liechty Farm Equipment, Inc. announced the combination of their organizations effective November 1, 2011.

“We are excited to combine with Liechty Farm Equipment to form one of the largest John Deere dealerships in Ohio and Indiana”, said Tom Burenga, General Manager. “Our scale will give our customers additional access to equipment, parts, and expertise with precision farming.”

Kenn-Feld Group operates three locations and Liechty Farm Equipment operates seven locations.

Titan Machinery Inc. has announced that it has entered into a definitive agreement to acquire the business of AgroExpert, which consists of two Case IH agriculture equipment dealerships, located in Bucharest and Timisoara, Romania. The acquisition is expected to close on or around the end of this calendar year.

AgroExpert has been in operation since 2006 and in its most recently completed fiscal year, it generated revenues of approximately $14 million. AgroExpert is and will continue to be managed by the existing management team which is also retaining a minority interest in the company.