Cervus Equipment Corp. ("Cervus" or the "Company") (TSX: CVL) announced that it has entered into a Definitive Agreement to acquire 100% of the shares of Evergreen Equipment Ltd.
Source: By Meghan Pierce, Union Leader Correspondent
The R.N. Johnson Inc. website proclaims it's one of the four oldest John Deere dealers in the world. That distinction ended on Monday when representatives from John Deere arrived at the Walpole business and ended their 84-year-old relationship.
Cervus Equipment Corp. (CVL), one of John Deeres largest ag equipment retailers in Western Canada, late yesterday reported its third-quarter 2012 revenue grew by $47.8 million or 25.6% to $234.7 million when compared to the same quarter of 2011. Same store sales increased $17.6 million or 9.4%.
Cervus Equipment Corp. today announced that it has purchased from an arms length party 21.58 acres of land just north of the Calgary city limits with the intention of constructing a dealership location to house its Calgary and area authorized John Deere equipment dealership.
The parking lot outside PrairieCoast Equipment was abuzz with chatter and smelling of barbecue as the John Deere dealer officially opened the doors to its new facility Tuesday. PrairieCoast has 10 John Deere locations.
Riesterer & Schnell Inc. has announced that it has completed the acquisition of Serwe Implement Co. Inc. The acquisition consists of two John Deere dealerships with locations in Campbellsport and Fond du Lac, Wis. This gives Riesterer & Schnell a total of 10 stores located throughout northeastern and north central Wisconsin.
The recent merger of two John Deere dealerships into one not only makes perfect sense, but offers customers the expertise of Mike Hendy, Judy Austin, Scott Bair, Andy Giroux, and the staffs.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
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