Any time a locally owned company with 53 employees and between $35 million and $40 million in annual gross sales is sold to an out-of-state corporation, as was the case when Triple W Equipment in Missoula was sold to RDO Equipment earlier this summer, there can be cause for consternation.
RDO announced the acquisition of 3 stores from Triple W Equipment in Missoula, Kalispell and Ronan, Mont. These are the first new John Deere stores for RDO since 2010.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.