Dealer News Update

Titan Machinery Inc. announced it has closed on the previously announced acquisition of Haberer’s Implement, Inc., consisting of one Case IH brand agriculture equipment dealership located in Bowdle, SD.

Titan also announced that it recently closed on the acquisition of East Helena Rental, LLC, an independent rental yard located in Helena, MT. In its most recently reported fiscal year, East Helena Rental generated revenue of approximately $1 million.

Bobcat Company expanded its dealer network with the addition of Lyle Machinery’s locations in Meridian, Magnolia, MS, and Pensacola, FL, locations as authorized sales and service providers of Bobcat products. Lyle Machinery also has Bobcat dealerships in Gulfport, MS, and Mobile, AL. The dealerships will carry compact excavators, compact track loaders, mini track loaders, skid-steer loaders, telescopic tool carriers and utility vehicles.

Serwe Implement Co. Inc., an operator of John Deere dealerships in Campbellsport and Fond du Lac, WI has been acquired by Riesterer & Schnell Inc. of Chilton, WI.

Rocky Mountain Dealerships Inc. said it generated net earnings of $9 million in the fourth quarter, an increase of 41.2% over the same period a year earlier. The Calgary-based construction and farm equipment seller also reports revenues increased by 27.3% to $240.6 million as compared to the same quarter of 2010.

J D Equipment, of London, OH, has announced they will be expanding to their eighth John Deere store in Zanesville. J D Equipment has worked with Finton Equipment to purchase their existing store in Zanesville, and became the new owners effective March 19, 2012. Due to John Deere’s dealership realignment, Finton Equipment will close their John Deere store in Coshocton.