POSEYVILLE, Ind. — H&R Agri-Power announces the acquisition of JL Farm Equipment Co., with locations in Poseyville and Princeton, Ind. Both locations will continue to operate as JL Farm Equipment Co., providing the same exceptional service and support they have delivered for the past 47 years. These locations will continue to offer Case IH, Kinze, Miller, Kawasaki, eXmark, Cub Cadet, McFarlane, MacDon, among many other product lines.
“Providing the highest quality of products and services has been essential to JL Farm Equipment. We are proud to partner with this dedicated team of hard working individuals as they continue to serve the farm families and operations of the tri-state community,” said H&R Agri-Power president, Wayne Hunt.
“This acquisition is the result of a long and careful consideration regarding what is best for the future success of JL Farm Equipment employees and customers. After 47 years in business, this decision was extremely difficult, but Dave and I believe H&R Agri-Power is the perfect fit for the brand and culture that we worked so hard for,” said Jane Reising, owner of JL Farm Equipment Co.
“As part of the acquisition, the dealership will become part of the H&R Agri-Power Employee Stock Ownership Plan (ESOP) and keep its original name. It was vital for us to ensure that our employees were protected and believe that allowing them to buy into the company they have worked so hard for will keep them invested in this company for many years to come,” explained Reising. “Being able to keep the JL name helps reassure the employees and customers the change is minimal.”
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