Fernandez Holdings Acquires 14 John Deere Construction & Forestry Stores from Nortrax and Schmidt Equipment to Form United Construction & Forestry
September 1, 2021
Fernandez Holdings Inc. acquired 14 John Deere construction and forestry stores—nine locations from Nortrax Inc. (in Maine, New Hampshire, Vermont and New York) and five locations from Schmidt Equipment Inc. in Massachusetts—and is operating the combined business as United Construction & Forestry LLC. The founder-funded investment firm said it will invest in facilities, operations and talent to expand John Deere construction and forestry services and support across the Northeast.
- Buyers
- Fernandez Holdings Inc., United Construction & Forestry LLC
- Targets
- Nortrax Inc. (9 John Deere construction & forestry stores), Schmidt Equipment Inc. (5 John Deere construction & forestry stores)
- Sellers
- Nortrax Inc., Schmidt Equipment Inc.
- Platforms
- United Construction & Forestry LLC
- Industry
- Retail
- Location
- United States
- Transaction Type
- Addon
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