With the acquisition, it will add 4 new stores in Minnesota including Warren, Thief River Falls, Mahnomen and Baudette. True North will have 8 retail locations in Minnesota and North Dakota following the acquisition.
Prairieland Partners, LLC has entered an agreement to purchase O'Malley Equipment Company pending John Deere approval. The dealership will have 15 locations once the acquisition is finalized in June of 2019.
Family-owned New Holland dealer Ellens Equipment is opening its second location in Ithaca, Mich. The Ithaca location is includes a 23,094 square foot building and a 4 acre lot and is the site of a former grocery store.
Ohio Machinery Co. (Ohio AG Equipment, Northern Ohio Peterbilt and Ohio Cat), recently acquired the property and buildings formerly owned and operated by Magnam Truck and Equipment in Lima, Ohio.
North Carolina New Holland dealer Premier Equipment Co. of Rocky Mount has purchased Hines Equipment. The new location will open May 9. The dealership has 2 locations in North Carolina.
Rabobank will transfer the food and agriculture loan portfolio from its California retail banking operation, Rabobank North America, to St. Louis-based Rabo AgriFinance.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.