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The Real World of ESOPs

From Acquisition to Owner Retirement

An employee stock ownership plan is providing a seamless succession strategy for Livingston Machinery.
By Mike Wiles posted on July 18, 2016 | Posted in Operations & Finance, Dealer Succession
It’s a tough situation laying in a hospital bed and realizing the business you’ve spent most of your life building might go away if you’re unable to return to work. In 2008, that was the reality for Earl Livingston of Livingston Machinery in Chickasha, Okla., after he suffered a stroke and wasn’t sure he’d make it back.
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2016 Dealership of the Year Video Series: Van Wall Equipment

After the Ink Dries on an Acquisition: Bringing Processes to a New Dealership

July 18, 2016 | Posted in Best Practices, Operations & Finance
After the ink dries on a new acquisition, one of the steps that the Van Wall Equipment management team takes to start the integration process is that the managers head out to the new locations and monitor processes to get an understanding of how the acquired location had run in the past. Renae Pruess, supply management for Van Wall Equipment, shares how this helps and gives the employees a person to go to for any questions about operations. Van Wall earned top honors in Farm Equipment's 2016 Dealership of the Year program.
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2016 Dealership of the Year Video Series: Van Wall Equipment

Explaining the 'Why' Behind Changes at a Newly-Acquired Location

July 18, 2016 | Posted in Best Practices, Operations & Finance
Renae Pruess, supply management for Van Wall Equipment, talks about the concept of introducing change and making change at newly-acquired locations. Van Wall has made several acquisitions of different sizes over the years. Van Wall earned top honors in Farm Equipment's 2016 Dealership of the Year program.
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2016 Dealership of the Year Video Series: Van Wall Equipment

Service-First Mentality Makes Van Wall Equipment Stand Out

July 18, 2016 | Posted in Best Practices, Operations & Finance, Department Management
A service-first mentality through such programs as the preventative maintenance program and other efforts make Van Wall Equipment stand out among its competitors. Chad Stoline, corporate service manager for Van Wall Equipment, shares that that service-first backbone has been crucial to Van Wall’s success during the current downturn in the ag economy. Van Wall Equipment earned top honors in Farm Equipment's 2016 Dealership of the Year program.
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Farm Equipment

2026 Dealership of the Year, Messick’s Equipment, Mount Joy, Pa.

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Farm Equipment Videos

2025 Dealer Hall of Fame: Raymond P. Koenig

2025 Dealer Hall of Fame: Raymond P. Koenig

During the 2025 Dealership Minds Summit, we honored the recipients of the Dealer Hall of Fame award. Among the award winners was the late Raymond P. Koenig of Koenig Equipment. To receive the award and speak on his uncle's behalf, Aaron Koenig, CEO of Koenig Equipment shares a few words.

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Top Directory Listings
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A&I Products

Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.

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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.
Machinery Scope

Machinery Scope

At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
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