Rocky Mountain Dealerships Inc., announced today that it has entered into an agreement to purchase certain assets of Agritrac Equipment Ltd., a Case IH agriculture dealership with locations in Westlock, Vegreville and Barrhead, Alberta.
For the most recent fiscal year ended October 31, 2010, Agritrac had revenues of approximately $47 million. This acquisition is expected to close effective January 1, 2011.
CEO Matt Campbell noted, "This acquisition is strategically important to the company as it provides synergy for our stores in Vermillion and Grande Prairie, Alberta. The Agritrac locations are contiguous to those two stores in northern Alberta and will improve management, product support and access to inventory."
About Rocky Mountain
Rocky Mountain is one of Canada's largest agriculture and construction equipment dealerships with 34 branches (not including Agritrac) throughout Alberta, Saskatchewan, and Manitoba. The Company sells, rents, and leases new and used agriculture and construction equipment and offers product support and finance.