Titan Machinery Acquires Scott Supply Co.

Titan Machinery Acquires Heartland AG Systems

August 2, 2022

Agriculture

Titan Machinery (NASDAQ: TITN) has acquired Heartland AG Systems, Inc., the largest CASE IH application equipment distributorship in North America and a leading distributor of sprayer parts and accessories. D.A. Davidson served as exclusive financial advisor to Heartland; the sellers were Heartland's ownership group (including Bob Caldwell, Gordon Glade and Jeff Keller). The acquisition expands Titan's parts, service and distribution footprint across the Midwest and western U.S.

Titan Machinery Acquires Jaycox Implement, Inc.

October 20, 2021

Retail

Titan Machinery Inc. (Nasdaq: TITN) agreed to acquire the assets of Jaycox Implement, Inc., adding three full-line Case IH dealerships located in Worthington and Luverne, Minnesota, and Lake Park, Iowa. Jaycox generated approximately $91 million of revenue in the trailing twelve months ended June 30, 2021; the asset purchase is expected to close in December 2021 and to be immediately accretive to Titan's earnings per share.

Mellott Acquires Southern Machinery

May 4, 2023

Engineering Services

Mellott has acquired Southern Machinery, a Tennessee-based engineering and material-processing systems firm founded in 1958. The deal expands Mellott’s engineering, inventory, sales and service capabilities to better serve the aggregates and related industries.

PumpTech (Pike Street Capital) Acquires Dakota Pump Inc

February 14, 2023

Manufacturing

PumpTech LLC, a Pike Street Capital portfolio company, has acquired Dakota Pump Inc, a Mitchell, South Dakota-based supplier of packaged pump stations and automated controls for the water and wastewater markets. The acquisition expands PumpTech's product portfolio, controls/SCADA capabilities and nationwide distribution reach as part of Pike Street's platform growth strategy.

Drilling Tools International Corp. Acquires Titan Tools Services Ltd.

January 2, 2025

Energy

Drilling Tools International Corp. (DTI) completed the acquisition of UK-based Titan Tools Services Ltd., a downhole tool rental and manufacturing specialist based in Aberdeen, Scotland. The deal expands DTI's technological capabilities and strengthens its presence in the UK North Sea, Europe and African markets while adding Titan's rental fleet, materials expertise and customer relationships.

Titan International Acquires Carlstar Group LLC

February 29, 2024

Manufacturing

Titan International, Inc. acquired Carlstar Group LLC for approximately $296 million in a cash-and-stock transaction that closed on February 29, 2024. The deal (funded with $127 million cash and $169 million in Titan equity) expands Titan's manufacturing and distribution footprint—adding four manufacturing facilities and twelve distribution centers—and brings Carlstar's ~2023 revenue of $615 million under Titan's ownership; Carlstar was majority owned by funds affiliated with American Industrial Partners (AIP).