Beverage Tractor and Equipment in Stuart’s Draft, Va., has opened its second location in Blacksburg, Va. It will be a full line and full service Kubota dealer. Beverage Tractor also has acquired Collie Equipment Co. in Danville, Va.
In its agriculture segment, Titan Machinery saw a 41 percent increase in revenue for the fourth quarter of 2021, which ended Jan. 31. For the full year in all categories, revenue increased by 8.1 percent.
Equipment revenue at Cervus Equipment increased by 12 percent for fiscal year 2020, which ended in December. For the fourth quarter, equipment revenue increased by just over 3 percent. Gross profit for the year and quarter increased 39 percent and 64 percent, respectively.