Brandt Tractor Ltd. Acquires Cervus Equipment Corporation

October 22, 2021

Regina-based Brandt Tractor Ltd. completed the acquisition of Calgary-based Cervus Equipment Corporation via a court-approved plan of arrangement on October 22, 2021. The purchaser (13255026 Canada Ltd.), a wholly owned Brandt subsidiary, acquired all outstanding Cervus shares for CAD 19.50 per share (approximately CAD 302 million aggregate), adding Cervus' 64 dealerships and equipment-distribution capabilities across Canada, Australia and New Zealand to Brandt's network.

Buyers
Brandt Tractor Ltd., 13255026 Canada Ltd.
Targets
Cervus Equipment Corporation
Sellers
Cervus shareholders
Location
Alberta, Canada
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.