After posting a solid first half of its fiscal year 2020, Titan Machinery resumed its acquisition efforts and announced on Sept. 11 that it is acquiring the Uglem-Ness Co. dealership in Northwood, N.D.
The company announced that, with the retirement of Uglem‐Ness Co. owner and principal Bruce Uglem, Titan Machinery will acquire the assets of his dealership and become the Case IH agriculture dealer in Northwood, N.D. The principal crops grown in the highly productive soils in the surrounding Northwood area are wheat, soybeans, corn and edible beans.
Uglem also sees it as a good time for his business to change hands. “With over 40 years in the business, the time is right to retire,” said Uglem. “I know Titan Machinery values their customers and employees as I do, and we are aligned on our business philosophies. I have the utmost confidence Titan Machinery will be an asset to the Northwood Community, our customers and our excellent group of employees.”
This also represented a good opportunity for Titan, says Meyer. “With Northwood adjoining our well established Case IH Stores in the Red River Valley, this expansion makes a lot of sense” he says. “I have a great deal of respect for Bruce and the Uglem‐Ness team. It’s a great group of experienced employees and managers who have created a legacy of loyal ‘Red’ customers in the Northwood area, and we are excited to carry on their tradition of excellent customer support.”
The sale is anticipated to close on Oct. 1, 2019.