Rocky Mountain Dealerships announced today that it has entered into an agreement to purchase 100% of the outstanding shares of J&B Equipment, a Case IH agriculture dealership operating in Kindersley, Saskatchewan.
For the most recent fiscal year ended October 31, 2010, J&B had revenues of approximately $18 million. This acquisition is expected to close effective April 1, 2011.
Rocky's CEO Brian Taschuk remarked, "This is a strategically important acquisition for Rocky as it marks our entry into the important Western Saskatchewan market. It will allow for better continuity, management, product support, and inventory access between our Hi-Way Service stores in Alberta, and our Miller Equipment stores in Eastern Saskatchewan and Manitoba."
Rocky is one of Canada's largest agriculture and construction equipment dealership networks with 38 branches (including J&B) throughout Alberta, Saskatchewan, and Manitoba. Through its subsidiaries, Rocky sells, rents, and leases new and used agriculture and construction equipment and offers product support and finance.