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
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Transaction Type
- Buyout
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