CALGARY, ALBERTA, November 2, 2012 — Rocky Mountain Dealerships announced today that it has completed its previously announced agreement to purchase the Case IH Agriculture dealership assets of Houlder Automotive located in Grimshaw and Falher, Alberta.
For the most recent fiscal year ended January 31, 2012, Houlder had Case IH Agriculture related revenues of approximately $20 million. This acquisition was completed through existing cash and credit facilities.
Regarding the completion of this acquisition, Rocky's CEO, Matt Campbell, stated, "With this acquisition, Rocky now has a significant position in the vast agriculture market found in Northern Alberta. We look forward to leveraging our network's strength in this region, as we work to become the equipment partner of choice with the customers there."
Rocky is one of Canada's largest agriculture and construction equipment dealership networks with branches located throughout Alberta, Saskatchewan and Manitoba. Through its network of Rocky Mountain Equipment locations, Rocky sells, rents, and leases new and used construction and agriculture equipment and offers product support and finance to its customers.