Titan Machinery Buys Tucson Tractor Co.
Titan Machinery Inc. (NASDAQ: 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.”
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.