Titan Machinery Completes Acquisition of Farmers Implement & Irrigation
Titan Machinery (NASDAQ: TITN) has completed the acquisition of Farmers Implement & Irrigation, a two-store New Holland dealership located in Brookings and Watertown, South Dakota. The transaction was finalized on May 15, 2025. Farmers Implement & Irrigation generated approximately $20 million in revenue for calendar year 2024.
The acquisition strengthens Titan's presence in eastern South Dakota and expands its New Holland dealership network. The deal builds upon the foundation established by David Gullickson during his 53-year career, with a focus on maintaining strong customer service relationships.
Titan Machinery (NASDAQ: TITN) ha completato l'acquisizione di Farmers Implement & Irrigation, un concessionario New Holland con due sedi situate a Brookings e Watertown, South Dakota. La transazione è stata finalizzata il 15 maggio 2025. Farmers Implement & Irrigation ha generato circa 20 milioni di dollari di fatturato nell'anno solare 2024.
L'acquisizione rafforza la presenza di Titan nell'est del South Dakota e amplia la sua rete di concessionari New Holland. L'accordo si basa sulle solide fondamenta create da David Gullickson durante la sua carriera di 53 anni, con un'attenzione particolare al mantenimento di forti relazioni con i clienti.
Titan Machinery (NASDAQ: TITN) ha completado la adquisición de Farmers Implement & Irrigation, un concesionario New Holland con dos tiendas ubicado en Brookings y Watertown, Dakota del Sur. La transacción se cerró el 15 de mayo de 2025. Farmers Implement & Irrigation generó aproximadamente 20 millones de dólares en ingresos durante el año calendario 2024.
La adquisición fortalece la presencia de Titan en el este de Dakota del Sur y expande su red de concesionarios New Holland. El acuerdo se basa en la base establecida por David Gullickson durante sus 53 años de carrera, con un enfoque en mantener sólidas relaciones de servicio al cliente.
Titan Machinery (NASDAQ: TITN)가 사우스다코타주 브루킹스와 워터타운에 위치한 두 개 지점의 New Holland 대리점인 Farmers Implement & Irrigation를 인수 완료했습니다. 이 거래는 2025년 5월 15일에 최종 확정되었습니다. Farmers Implement & Irrigation는 2024년 회계연도에 약 2,000만 달러의 매출을 기록했습니다.
이번 인수로 Titan은 사우스다코타주 동부 지역에서의 입지를 강화하고 New Holland 대리점 네트워크를 확장하게 되었습니다. 이 거래는 David Gullickson이 53년 동안 쌓아온 기반 위에 이루어졌으며, 강력한 고객 서비스 관계 유지에 중점을 두고 있습니다.
Titan Machinery (NASDAQ: TITN) a finalisé l'acquisition de Farmers Implement & Irrigation, une concession New Holland disposant de deux magasins situés à Brookings et Watertown, dans le Dakota du Sud. La transaction a été conclue le 15 mai 2025. Farmers Implement & Irrigation a généré environ 20 millions de dollars de chiffre d'affaires pour l'année civile 2024.
Cette acquisition renforce la présence de Titan dans l'est du Dakota du Sud et étend son réseau de concessions New Holland. L'accord s'appuie sur les bases établies par David Gullickson au cours de ses 53 années de carrière, avec un accent particulier sur le maintien de solides relations de service client.
Titan Machinery (NASDAQ: TITN) hat die Übernahme von Farmers Implement & Irrigation abgeschlossen, einem New Holland Händler mit zwei Standorten in Brookings und Watertown, South Dakota. Die Transaktion wurde am 15. Mai 2025 abgeschlossen. Farmers Implement & Irrigation erzielte im Kalenderjahr 2024 einen Umsatz von etwa 20 Millionen US-Dollar.
Die Übernahme stärkt Titans Präsenz im östlichen South Dakota und erweitert sein New Holland Händlernetzwerk. Der Deal baut auf dem Fundament auf, das David Gullickson während seiner 53-jährigen Karriere gelegt hat, mit dem Fokus auf die Pflege starker Kundenbeziehungen.
- Strategic expansion of New Holland dealership presence in eastern South Dakota
- Acquisition of established business with $20 million in annual revenue
- Integration of loyal customer base from well-established 53-year operation
- None.
WEST FARGO, N.D., May 16, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, today announced that it has completed the acquisition of the dealership assets of Farmers Implement & Irrigation, a two-store New Holland dealership in Brookings and Watertown, South Dakota. The transaction closed on May 15, 2025. For the full calendar year 2024, Farmers Implement & Irrigation generated revenue of approximately
Bryan Knutson, Titan Machinery Chief Executive Officer, commented, “This acquisition aligns with our strategic growth initiatives and allows us to expand our New Holland presence in the productive eastern South Dakota region. We are honored to build upon the strong foundation that David Gullickson and his family established over his remarkable 53-year career. Their commitment to customer service aligns perfectly with our customer care strategy and has created a loyal customer base that we look forward to serving.”
About Titan Machinery Inc.
Titan Machinery Inc., founded in 1980 and headquartered in West Fargo, North Dakota, owns and operates a network of full service agricultural and construction equipment dealer locations in North America, Europe and Australia, servicing farmers, ranchers, and commercial applicators. The network consists of US locations in Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota, Washington, Wisconsin, and Wyoming. The international network includes European stores located in Bulgaria, Germany, Romania, and Ukraine and Australian stores located in New South Wales, South Australia, and Victoria in Southeastern Australia. The Titan Machinery locations represent one or more of the CNH Industrial Brands, including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital. Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com.
Investor Relations Contact:
ICR, Inc.
Jeff Sonnek, jsonnek@icrinc.com
Managing Director
646-277-1263
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