Titan Machinery to Acquire Idaho Dealerships
Titan Machinery Inc., a network of full-service agricultural and construction equipment stores, recently entered into a definitive purchase agreement to acquire the Idaho dealership assets of Pioneer Farm Equipment Co. The acquisition includes five full-line Case IH agriculture dealerships located in southeastern Idaho, two of which are also Case Construction Equipment dealerships. For full calendar year 2021, Pioneer generated revenue of approximately $60 million. The acquisition is expected to close in February 2023.
David Meyer, Titan Machinery's chairman and CEO, said, "We are excited to announce our agreement to purchase Pioneer's Idaho dealership assets. The Pioneer team has been serving customers in the highly productive Snake River Valley area in southeastern Idaho for over two decades. This acquisition represents an ideal opportunity for us to build upon our recent Heartland acquisition, which has an established presence in the region with commercial application equipment customers.
“Further, this growing region was of particular interest to us given it supports large industry volumes and has similar crops and machine specifications to other markets served by Titan Machinery. We share similar cultures that are focused on attentive, personal, customer service and we look forward to welcoming their team to the Titan Machinery family."
About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.