Rocky Mountain Equipment Alberta Ltd. (formerly Rocky Mountain Dealerships Inc.) announced the completion of its previously announced acquisition by AcquireCo, which was implemented through a Court-approved plan of arrangement under the Business Corporations Act (Alberta).
Rocky Mountain Dealerships Inc. has announced the expiration of the 35?day go?shop period provided for in the arrangement agreement dated Nov. 1, 2020, between RME and AcquireCo, pursuant to which AcquireCo will acquire all of the issued and outstanding common shares of RME held by RME shareholders.
The two Canadian publicly traded farm equipment dealership groups — Cervus Equipment and Rocky Mountain Dealerships — reported positive results for the third quarter ended Sept. 30, 2020.
Rocky Mountain Dealerships ("RME") and AcquireCo, an entity controlled by Matthew Campbell, chairman of the Board of Directors of RME and Garrett Ganden, president and CEO of RME, are pleased to announce that they have entered into an arrangement agreement pursuant to which AcquireCo will acquire all of the issued and outstanding common shares of RME.
Third quarter total sales increased by $16,927, or 9.2%, to $200,994 from $184,067 during the same period in 2019, due to higher sales in all categories.
Rocky Mountain Dealerships, Canada’s largest ag equipment dealer which handles Case and New Holland-branded equipment, reported that its total second half sales increased by nearly 28%, or $66 million, to $303 million vs. $237 million in the same period last year.
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