Titan Machinery Inc. TITN announced today that it has acquired Tucson
Tractor Company, consisting of one Case Construction equipment dealership
located in Tucson, Arizona.
Tucson Tractor Company is strategically located in southern Arizona and well
positioned to serve a five county area. The dealership has been in business
for over 45 years and complements the Company's existing Case Construction
equipment dealerships in Phoenix and Flagstaff, Arizona. In its most recently
reported fiscal year, Tucson Tractor Company generated revenue of
approximately $7 million.
David Meyer, Titan Machinery's Chairman and CEO, said, “We are excited to
expand our construction equipment footprint in the Southwest with the
acquisition of Tucson Tractor Company. The dealership is well located to serve
a vast area and has strong market potential for new and used construction
equipment and parts and service sales, as well as for associated rental
demand.”
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