Dealer Succession - Articles

Riesterer & Schnell Purchases Faivre Implement's John Deere Dealerships

January 11, 2013 | Posted in Dealer Succession

Riesterer & Schnell, a John Deere dealership group with several locations in Eastern, Northeastern and now Central Wisconsin, purchased Faivre Implement's two John Deere dealerships in Stevens Point and Westfield, effective January 2, 2013.

Precision Farming Dealer Accepting Nominations for First Annual Most Valuable Dealership

November 13, 2012 | Posted in Manufacturer & Dealer Issues, Dealer Succession

Precision Farming Dealer is proud to sponsor its first-annual Award of Excellence program to recognize North America's premier precision farming dealer. Dealers, manufacturers and others are invited to participate by nominating top precision farming dealers from across North America. There is no limit to the number of nominations that an individual can submit. We will not reveal to the dealers who nominated them for this award.

State-of-the-Art Building Meets Top Notch Service

October 17, 2012 | Posted in Dealer Succession

The Birkey's Farm Store dealership in Henry, Ill., isn't just the company's latest acquisition; it's a brand new facility. Birkey's acquired the store formerly Read Bros. from Bob and Jerry Read in July. The new store opened in August and is Birkey's first acquisition since acquiring its Annawan, Ill., store in 2008. The dealer group has 12 stores in Illinois and one in Indiana.

Wider World of Business

Tough Decisions: Deciding to Sell the Family Business

October 15, 2012 | Posted in Dealer Succession

Source: Barbara Taylor, The New York Times

When it comes to American institutions, the family-owned business ranks right up there with baseball and apple pie. Yet whenever I am called to meet with business owners from more than one generation, I do so with mixed emotions.

Rocky Mountain Dealerships Announces Agreement to Acquire Camrose Farm Equipment

June 4, 2012 | Posted in Dealers on the Move, Dealer Succession

Rocky Mountain Dealerships Inc. ("Rocky"), announced today that it has entered into an agreement (the "Agreement") to purchase 100% of the issued and outstanding shares of Camrose Farm Equipment Ltd. ("CFE"), an operator of Case IH and New Holland Agriculture dealerships in Camrose and Killam, Alberta.

Deere Announces Changes to Senior Management Team

June 1, 2012 | Posted in Dealer Succession

As a result of the anticipated retirements of two executives, Deere & Company today announced changes to its senior management team to enhance the company's ability to execute its business strategy and develop and broaden leadership talent.

Ag Equipment Intelligence

AGCO Sees Net Sales Rise 25.6% in 1Q; NA Sales Up 57.6%

April 30, 2012 | Posted in Dealer Succession

This morning, AGCO Corp., the third largest farm equipment maker worldwide, reported first-quarter net sales of $2.3 billion, an increase of 26.5% compared to net sales of $1.8 billion for the first quarter of 2011. Excluding unfavorable currency translation impacts of 4.3%, net sales in the first quarter of 2012 increased by 30.8% compared to the same period in 2011.

100 Years Later, Torgerson's LLC is Still All in the Family

Keeping this dealership as a family business for a century is a testament to uncommon leadership, a willingness to change and a commitment to working for the good of the entire company.

By Dave Kanicki posted on April 1, 2012 | Posted in Dealer Succession

Keeping this dealership as a family business for a century is a testament to uncommon leadership, a willingness to change and a commitment to working for the good of the entire company.

Succession Planning: No One Person Driving the Cervus Bus

March 20, 2012 | Posted in Dealer Succession

One of the most difficult challenges for a dealer-principal who has poured his or her heart and soul into nurturing and growing a successful equipment dealership business is to step aside and let someone else watch the store.