Cervus equipment corp. - Articles

Dealers Cervus & Rocky Mountain Post Mixed 2Q Results

August 1, 2015 | Posted in Earnings Reports

Western Canada’s two publicly held farm equipment dealerships, Rocky Mountain Dealerships and Cervus Equipment Corp., reported second-quarter earnings one day apart, and results for both reflect the ongoing sluggishness of farm machinery sales throughout North America.

Cervus Equipment Corp. Completes Acquisition of Evergreen Equipment Ltd.

October 15, 2013 | Posted in Mergers & Acquisitions

Cervus Equipment Corp. today announced that it has completed its acquisition of 100% of the shares of Evergreen Equipment Ltd.

Huge Jump in Ag Sales Pushes Cervus’ Profits Up by 17.3%

August 1, 2013 | Posted in Earnings Reports

Farm equipment sales in western Canada remained robust through the second-quarter as one of John Deere’s largest retailers of ag machinery in the region, Cervus Equipment Corp., posted record revenues for the period.

How Dealers Deal with Ag's Business Cycles: Keep Data in Perspective with Customer Input

June 10, 2013

For farm equipment dealers, planning for agriculture's business cycles must involve close contact with customers. In addition to observing economic indicators over a period of time, it's essential for dealers to put the data into context with history and customer input, says Graham Drake, president and CEO of Cervus Equipment Co.

Cervus Equipment Enters into Agreements to Acquire Five John Deere Dealership Branches in New Zealand

July 25, 2012 | Posted in Mergers & Acquisitions

Cervus Equipment Corporation ("Cervus") (TSX: CVL) today announced that it has entered into Purchase and Sales Agreements with Bayquip Agricultural Limited and Fieldpower Northland Limited to acquire a total of five John Deere dealership branches in New Zealand. Cervus also announced that it has signed a memorandum of understanding (MOU) to acquire all of the remaining shares of Agriturf Limited that it does not already own.

Cervus CEO Borrows $10.2 Million from Company to Facilitate Change to His RRSP

October 4, 2011

Source: Winnipeg Free Press

Cervus Equipment Corp. says it has provided a $10.2-million short-term loan to its chief executive officer, Peter Lacey, who is also the company's largest shareholder, president and chairman of its board.

Proventure Income Fund Completes Sale of Certain Assets to Cervus Equipment

July 23, 2009 | Posted in Mergers & Acquisitions

Proventure Income Fund and Cervus Equipment Corp. (TSX: CVL) announced that they have completed the previously announced sale from Proventure to Cervus of certain real estate assets that Cervus had leased from Proventure for the purposes of operating Cervus' agricultural and construction equipment dealerships for aggregate consideration equal to $25,900,000.