According to a July 8 report from Reuters, TPG Capital is one of the final bidders for MacDon Industries, the farm equipment manufacturer based in Winnipeg, Manitoba.
Citing three unidentified people familiar with the matter, Reuters reported that the private equity firm is working on making a binding bid for MacDon by the mid-July deadline for final offers. Reportedly, MacDon is looking to sell itself for around $1 billion.
MadDon describes itself as a family…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
