Brandt Tractor Ltd. will acquire all of the issued and outstanding common shares of Cervus Equipment Corporation for $19.50 per share in cash, valuing Cervus at approximately $302 million on an equity value basis.
Cervus also announced, as part of its strategy to grow product support offerings, a new agriculture facility planned near Penhold, Alta., and the acquisition of Vapormatic distribution rights for the North Island of New Zealand.
Cervus Equipment Corp., a 21 store John Deere dealership group, reported that overall revenue decreased 20% in the quarter, with reduced equipment sales in its Agricultural segment comprising the majority of the decrease.
CFO Randy Muth will retire after nearly 13 years with Cervus. Adam Lowther, currently director of finance at Cervus, will be promoted to CFO effective Jan. 1, 2018
Cervus Equipment Corporation today announced that it has sold its 21.449% interest in Maple Farms Partnership to the majority partner for gross proceeds of approximately $9.1 million.
This inaugural episode in plans for a new docuseries introduces father-son duo Ward and Marc McConnell who’ve led farm equipment manufacturer Art’s Way Manufacturing and other businesses. Filmed in Texas in 2017, this 13-minute video is one of 25 in-person interviews on the legacies of family-run equipment manufacturers collected over several years. This pilot is being early-released to mark the 1-year anniversary of Ward’s passing in May 2021.
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.
At Montag Mfg., we specialize in fertilizer equipment. Our complete fertilizer application system will help you start reaping the benefits of deep band fertilizer.
Machinery Scope offers premier risk management tools for farm equipment. We provide timely, personalized, and flexible solutions to protect more farm equipment investments than anyone in the industry. We add value and peace of mind when you are buying, selling, or managing your farm equipment by offering extended warranty plans.