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
Explore More
Related Acquisitions
-
Titan Machinery Acquires Scott Supply Co.
January 21, 2024
Retail
Titan Machinery Inc. (Nasdaq: TITN) acquired the assets of Scott Supply Co., a full-line combined Case IH and New Holland dealership in Mitchell, South Dakota. The dealership generated approximately $40 million in revenue for the trailing twelve months ended Dec. 31, 2023; the asset purchase closed on January 10, 2024 and expands Titan's footprint in eastern South Dakota.
-
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.
-
GenNx360 Capital Partners Acquires Heartland Business Systems
October 7, 2025
IT Services
GenNx360 Capital Partners has closed the acquisition of Heartland Business Systems (HBS) from A&M Capital Opportunities. HBS is a Little Chute, Wisconsin–based IT services provider with 675+ employees serving 3,200+ customers across the Midwest; GenNx360 will partner with HBS management as founder Peter Helander retires and Jimmy Buddenberg becomes CEO.
-
T-H Marine Acquires Heartland Global Services
September 1, 2021
Manufacturing
T-H Marine Supplies, LLC (a Valesco-backed platform) has acquired the assets of Heartland Global Services, LLC, a family-owned supplier of stainless-steel ladders, hardware, electronics and plastics for the recreational marine market. Heartland will operate as a standalone division in Angola, Indiana, with the existing Heartland management team (including Ryan Marshall as division president) remaining in place.
-
Thayer Infrastructure Services Acquires Heartland Solutions Corp.
February 22, 2022
Infrastructure
Thayer Infrastructure Services, LLC (TIS) completed the acquisition of Heartland Solutions Corp., a wireless communications construction firm headquartered in Indianapolis, Indiana. Heartland will operate under TIS's American Cell Enterprises operating company as an add-on to expand TIS's wireless and tower services; terms were not disclosed.
-
S5 Equity Acquires Heartland America
March 27, 2025
E-Commerce
S5 Equity, a Southern California private investment firm, has acquired Heartland America, a discount catalog and online direct-to-consumer retailer based in Chaska, Minnesota. The deal is a strategic bolt-on to S5 Equity’s portfolio company Hammacher Schlemmer to capture synergies across distribution, marketing and sales; financial terms were not disclosed.
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.