Titan Machinery Acquires Heartland AG Systems
August 2, 2022
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.
- Buyers
- Titan Machinery, Inc.
- Targets
- Heartland AG Systems, Inc.
- Sellers
- Heartland ownership group (Bob Caldwell, Gordon Glade, Jeff Keller)
- Industry
- Agriculture
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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