Dealer News Update

Van Wall Equipment, a regional Deere dealer group headquartered in Perry, IA, has announced the acquisition of four additional Deere dealer locations. New locations include Tama, Marshalltown and Grinnell with the acquisition of Southard Implement, and Oskaloosa with the acquisition of Drost Equipment.

Noteboom Implement in South Dakota has announced the purchase of Northwest Equipment in Iowa with locations in Spencer, Sibley and Lake Park. The ownership change took effect on Tuesday, January 7, 2014. The dealerships in Iowa will join dealerships located in Corsica, Chamberlain, and Parkston, South Dakota to form the new Noteboom Implement LLC. The combination of Iowa and South Dakota dealerships will employ over 200 people.

Currie Management’s George Russell recently told Lessiter Publications that big dealers see the benefits of consolidation and thus look for opportunities, and other big dealers see the benefits too. As a result, the process of negotiation and integration is much shorter.

Russell says, “Big dealers are preparing for a downturn and many aggressive ones realize there are opportunities. I expect there will be more in the near future.”

He says this consolidation is clearly a trend and Deere consolidations are predominant because they have the most big dealers. But, other brands like Case IH and AGCO will follow. S