Titan Machinery Acquires Jaycox Implement, Inc.
October 20, 2021
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.
- Buyers
- Titan Machinery Inc.
- Targets
- Jaycox Implement, Inc.
- Sellers
- Jaycox Implement, Inc.
- Industry
- Retail
- Location
- United States
- Transaction Type
- Buyout
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