Nebraska-based Deere dealerships Green Line Equipment, Stutheit Implement, and Plains Equipment Group soon will merge. The deal is expected to close by the end of March, and from it will emerge the newly formed corporation of AKRS Equipment Solutions.
Kevin Clark, the CEO of Plains Equipment Group, has been named president and CEO of AKRS Equipment. AKRS will consist of 27 Deere dealerships located across Nebraska and part of Kansas with headquarters in Lincoln.
Source: McCook Gazette
L.F. Trottier & Sons, a Deere dealership with stores in South Royalton and Heartland, Vt., will sell the family-owned business to a Texas-based distributor of Deere equipment. The family did not want to identify the buyer pending the close of the sale, which is scheduled for March 31.
Larry Trottier, 75, said the sale is motivated by his desire to slow down, as well as Deere’s increasing move toward large regional dealerships as the number of small, independent dealerships shrinks nationwide.
Source: Valley News
Robertson Implements has acquired four dealership locations from Moody’s Equipment LP. Robertson now has dealerships operating in Kindersley, Perdue, Saskatoon, and Unity, Saskatchewan. The organization will have 11 agriculture locations across Alberta and Saskatchewan.
Current shortline dealer contracts will remain in force including Bourgault, MacDon, and SeedMaster.
Sources: Company News Releases
Bates Tractor and Equipment in Coldwater, Mich., closed this month after 43 years in business. The dealership most recently sold New Holland equipment.
Source: Sturgis Journal
Dealer network Titan Machinery plans to expand into markets in Sidney and Scottsbluff, Neb., and Torrington, Wyo. Titan will acquire the assets of HorizonWest, which is in transition because of the retirement of the founding partner. The three stores are contiguous to Titan Machinery’s existing stores in North Platte and Imperial, Neb.
The sale is expected to close May 4.
Source: KTIC Radio