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Rocky Mountain Closes Wardale Acquisition

CALGARY (June 11, 2010)  — Rocky Mountain Dealerships, a leading Canadian network of full service agriculture and construction equipment dealerships, announced today that it has closed the previously announced acquisition to purchase certain assets from Wardale Equipment (1998) Ltd., a Case IH agriculture dealership with locations in Yorkton, Langenburg and Preeceville, Saskatchewan.

Wardale represents Case IH agriculture and also carries Seed Hawk, Degelman and Brandt equipment brands. Wardale completed its most recent fiscal year ended November 30, 2009, with top-line revenues of approximately $39.0 million. Wardale's operations are contiguous to the existing locations of Miller Equipment Ltd. ("Miller"), a wholly owned subsidiary of Rocky Mountain.

Commenting on the announcement, Matt Campbell, Chairman and Chief Executive Officer of Rocky Mountain, said "This acquisition brings solid management, excellent revenue, and a solid platform for expansion in Saskatchewan. The joining of Wardale and Rocky Mountain will further enhance our synergies as this will bring the Miller group to 11 branches."


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