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Articles Tagged with ''ESOP''

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Preparing for M&A Success – Part 2

How to Accurately Assess the Value of Your Dealership

Performing dealership valuations requires examining adjusted assets, liabilities and intangible value to reach a final determination
By Maclaren Krueger and Curt Kleoppel posted on February 28, 2024 | Posted in Dealer Succession
Dealership valuations are an important step not only in mergers and acquisitions but in sales and divestitures, buying or selling partial interest of a dealership, purchase price allocations, estate and gift tax planning and employee stock ownership plans (ESOP).
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Preparing for M&A Success – Part 1

How to Navigate the Moving Parts of a Dealership Transition

Lance Formwalt, general counsel for NAEDA, explains how best to prepare for a transition and what one may look like
By Maclaren Krueger posted on January 31, 2024 | Posted in Operations & Finance, Dealer Succession
Dealership transitions can be an intimidating process, but with advanced preparation, effective structure and proper generational considerations, it doesn’t have to be as daunting.
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Inaugural Farm Equipment Hall of Fame Class of 2024: Earl Livingston, Livingston Machinery (Parallel Ag)

Livingston Machinery (Parallel Ag) Chickasha, Oklahoma Primary Lines: AGCO, Claas, Apache, Kinze, Duolift, H&S Equipment, Lemken, RhinoAg, RoGator, Vermeer Locations: 13
By Dave Kanicki posted on January 29, 2024 | Posted in Best Practices
Earl Livingston became known as “Big Baler Man” because of his pioneering work in introducing big hay balers to Southwestern U.S. farmers. This, along with his commitment to around-the-clock servicing of those 24 hour a day farmers, earned him that title and the loyalty of farmers across 15 states.
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Executive Q&A

Why Birkey’s Farm Store Set Up an ESOP

Mike Hedge, CEO of 17-store Case IH dealer Birkey’s Farm Store, says the ESOP helps with employee retention and will fuel future acquisitions.
By Ben Thorpe posted on March 22, 2022 | Posted in Best Practices, Operations & Finance

Birkey’s Farm Store, a 17-store Case IH dealership with locations in Illinois and Indiana, announced Jan. 6, 2022, it had become 100% employee-owned as part of an Employee Stock Ownership Plan, otherwise known as an ESOP. 


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Livingston Machinery CEO Talks Private Investment, Ending ESOP Program

After receiving a private investment, President and CEO of Livingston Machinery Shawn Skaggs talks new opportunities, details of the investment and ending their ESOP program.
By Ben Thorpe posted on July 2, 2021 | Posted in Best Practices, Operations & Finance
In April 2021, 4-store AGCO dealer Livingston Machinery and 5-store applicator dealer Ag Solutions Group received investment from private equity firm Ag Solutions Group Holding Co. Specifically, Midwest Growth Partners partnered with co-investors Summit Equity Group, Northcreek Mezzanine and company management to capitalize Ag Solutions Group Holding Co. for the acquisitions.
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The Next Generation

Exploring the Possibilities of Employee Stock Ownership Plans

Along with playing a role in establishing a succession plan, ESOPs offer a range of other benefits for dealer-principals and their employees.
By Dave Kanicki posted on March 12, 2015 | Posted in Operations & Finance, Dealer Succession

Farm equipment dealers who are looking to establish a succession plan for their companies to ensure their dealerships remain viable business entities, whether or not they remain at the helm of the company, are taking a close look at the potential role that an Employee Stock Ownership Plan (ESOP) could play in the process.


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Farm Equipment Videos

Analysts Comment on CNHI CEO's Departure

Analysts Comment on CNHI CEO's Departure

In this episode of On the Record, brought to you by Weasler Engineering, we look at some analyst comments on Scott Wine's departure from CNH Industrial. In the Technology Corner, Noah Newman talks to Pessl Instruments' CEO about the recent investment it received from Lindsay Corp. Also in this episode, dealers and farmers chime in on brand loyalty, air seeder sales forecasts and layoffs at the Racine, Wis., Case IH plant.
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Top Directory Listings

Yetter Farm Equipment

Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
MonTag

Montag Mfg

Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.

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Finance Scope

Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.
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