Royal Reesink announced Friday it has bought a controlling stake in Hepson and has a partnership deal in place with the Kehler family, owners of GenAg. Hepson operates a dealership just north of Brandon; GenAg has two, one at Portage la Prairie and the other between Winkler and Morden.
Effective Nov. 1, 2017, Agriterra Equipment has purchased the assets of Dennills Agricenter (Vegreville and Dewberry) in central Alberta. With this acquisition Agriterra has contiguous coverage from Edmonton to the Saskatchewan border.
These dealerships serve a diverse customer base that includes growers of cotton, sorghum, citrus, produce and sugar cane in addition to ranchers, landowners and landscapers, small acreage farms and residential customers.
Through this acquisition, AgriVision Equipment will add 5 locations in Doon, Ireton, Lawton, Le Mars and Paullina, Iowa, to its 10 existing locations serving Southwest Iowa, Southeast Nebraska and Northwest Missouri.
Responding to Farm Equipment’s survey on post-acquisition strategies, Lance Carlson of Quincy Tractor took the opportunity to compare starting a new farm equipment store location from scratch and acquiring an existing dealership.
Many dealers who have managed to successfully integrate an acquired dealership into their businesses have found some facet of process they would like to do over, given the opportunity. Here are some of do-overs shared in the Farm Equipment survey on strategies to integrate one dealership culture into another after an acquisition.
It’s been said that we learn far more from our failures than we do from our successes. This may be true, but dealers developing an integration plan for what will happen once an acquisition is complete can learn much from what other dealers have done right previously.
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 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.