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Titan Machinery acquires Valley Farm Equipment

Nov 05, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Titan Machinery Inc (TITN)

Titan Machinery, Inc. has acquired Valley Farm Equipment, Inc., a Case IH brand agriculture equipment distributor, from Bob Biersbach. All the parties involved in the transaction are based in the US.

Titan Machinery is an operator of agricultural and construction equipment stores, while Bob Biersbach is the owner and store manager of Valley Farm Equipment.

Valley Farm Equipment generated revenues of approximately $10.5 million in the fiscal year ended February 28, 2009.

Integrated Corporate Relations, Inc. acted as public relations advisor to Titan Machinery. 

Deal Type    Acquisition
Sub-Category Majority Acquisition
Deal Status  Completed: 2009-11-05

Deal Participants 

Target (Company)   Valley Farm Equipment, Inc.
Acquirer (Company) Titan Machinery, Inc.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Titan Machinery Inc (TITN)


Related terms: acquisition, advisor, agricultural, agriculture, construction, distributor, machinery, public relations

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