Dealer News:

Sunshine Equipment and Quality Equipment, both Louisiana-based dealers, have merged to form Sunshine Quality Solutions. The new dealership is comprised of 15 locations throughout southern Louisiana.

Sunshine Quality Solutions has dealerships in Donaldsonville, Abbeville, Baton Rouge, Covington, Crowley, Eunice, Franklin, Franklinton, Hammond, New Iberia, Lafayette, Opelousas, Thibodaux and Welsh.  Source: Donaldsonville Chief

Archbold Equipment, a full line CASE IH dealer with locations in Ohio, Indiana, and Michigan, has announced an agreement to acquire Gibbs Equipment in Bellevue, Ohio. The purchase will bring the total number of Archbold Equipment locations to seven in the tristate area. The deal will close in January, though a name change will not take effect until later in 2017.

Locations in addition to the new Bellevue dealership are Topeka, Ind., Adrian, Mich., and the Ohio communities of Archbold, Bowling Green, Ottawa, and Sherwood.

Rocky Mountain Equipment will close its location in Barrhead, Alberta, Canada, at the end of this year. Jim Wood, Rocky Mountain Equipment’s agriculture vice-president, said the closure is the next step in creating a one-stop shop. This follows the company’s decision to consolidate its Case IH and New Holland branches in Westlock in 2015. The Barrhead location serves as a parts and service center for New Holland farm equipment. Source: Barrhead Leader

In other news from Rocky Mountain Equipment, the company reported its gross profit decreased by $3.2 million, or 7.9 percent, compared to the third quarter last year. Inventory decreased by $49.2 million, or 9.9 percent, in the same quarter, and total revenues contracted by $33.3 million, or 13 percent.

Cervus Equipment Corp. also announced its quarterly financial results. Its agriculture income before tax increased by $3.7 million to total $12.6 million for the three-month period ended September 30.

The company generated $10.5 million of net income for the third quarter of 2016, compared to $3.9 million for the comparable period in 2015. The company achieved inventory reductions totaling $62.7 million, or 18.6 percent, compared to the same quarter last year.