Titan Machinery Inc. (NASDAQ:TITN) announced today that it has closed on the acquisition of East Helena Rental, LLC, an independent rental yard located in Helena, Mont.
East Helena Rental has been in business for over 15 years. This rental equipment location will benefit from synergies with Titan Machinery’s existing locations in Missoula, Great Falls, Bozeman and Big Sky. In its most recently reported fiscal year, East Helena Rental generated revenue of approximately $1 million.
David Meyer, Titan Machinery’s Chairman and CEO, said, “We are excited about the acquisition of East Helena Rental, as it will enable us to further capitalize on the construction rental opportunity and provide parts and service capabilities in the Helena area. This complements our rental locations that were part of the ABC Rental acquisition completed last year.”
About Titan Machinery Inc.
Titan Machinery Inc., founded in 1980 and headquartered in West Fargo, North Dakota, is a multi-unit business with mature locations and newly acquired locations. The Company owns and operates a network of full-service agricultural and construction equipment stores in the United States and Europe. The Titan Machinery network consists of 96 dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska, Wyoming, Wisconsin, and Colorado including two outlet stores, as well as 10 European dealerships in Romania and Bulgaria. The Titan Machinery dealerships represent one or more of the CNH Brands ((NYSE: CNH), a majority-owned subsidiary of Fiat Industrial (Milan: FI.MI)), including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, Kobelco and CNH Capital. Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com.