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2024 Dealership Minds Summit

Johnson Tractor Details Decade-Long Succession Journey

April 15, 2024 | Posted in Best Practices, Manufacturer & Dealer Issues, Department Management, Dealer Succession, Dealer News, Manufacturer News
In this special session, recently retired Leo Johnson (chairman) & Eric Reuterskiold (president/CEO) of Johnson Tractor (Dealership of the Year Alumni Group) rewind the clock and describe the succession plan they carefully scripted in 2011 and fully executed in 2021.
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Preparing for M&A Success – Part 3

Assess Dealer Culture & Values To Ensure Success After a Transition

Organizational expectations & clear communication can foster a positive dealership culture that will ensure employee retention after a transition
By Maclaren Krueger posted on March 27, 2024 | Posted in Dealer Succession
In any merger or acquisition, the focus is often on the financial and legal parts of a transition. From a strategic perspective, this ensures a dealership is sound and operational and can include establishing leadership, organizational charts and other business systems necessary after a transition.
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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: David Meyer & Peter Christianson, Titan Machinery

Titan Machinery, Fargo, N.D. Primary lines: Case IH, New Holland, Case Construction, New Holland Construction Locations: 147
By Ben Thorpe posted on January 17, 2024 | Posted in Dealer Succession, Dealer News
There are few dealer success stories larger than that of Titan Machinery. From humble beginnings as Co-Founder David Meyer’s 2-store North Dakota operation in 1980 to the 147-store publicly-traded powerhouse it is today, the almost half-century history of Titan Machinery is full of progressive business practices and mentalities.
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Dealership of the Year 2023

Dealership of the Year: Hutson Inc.

December 4, 2023 | Posted in Dealer Succession, Dealer News, Dealership Marketing
The Kentucky-based John Deere dealership had a black eye from a lease program that spun out of control, a change in ownership, an entire turnover in its leadership team, and ill feelings from its OEM as well as inline competition. It was also trying to unite two fierce rivals who suddenly were to be on the same team, not to mention staff having to trust an all-new class of leaders who had no farming or machinery roots.
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Titan Machinery Inc. Announces Leadership Succession to Drive Next Phase of Growth

President and COO Bryan Knutson to Become President and CEO Chairman and CEO David Meyer to Assume Role of Executive Chairman
October 18, 2023 | Posted in Dealer Succession, Dealer News
Bryan Knutson, the Company’s President and Chief Operating Officer, will succeed David Meyer as Chief Executive Officer, holding the position of President and Chief Executive Officer, and will become a member of the Company’s Board of Directors.
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Baltimore Port Closure to Impact High Horsepower Tractor Imports & Exports

Baltimore Port Closure to Impact High Horsepower Tractor Imports & Exports

In this episode of On the Record, brought to you by Weasler Engineering, we look at how the Port of Baltimore's closure will alter the flow of high horsepower tractors in and out of the country. In the Technology Corner, Noah Newman talks about some changes coming to drone operation regulations. Also in this episode, Kazakhstan's potential for the North American ag equipment industry and what 2024 holds for the sprayer market.

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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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