Photo courtesy of CNH Industrial N.V.
Titan Machinery Inc., a West Fargo, North Dakota-based operator of a global equipment dealership network, has acquired the assets of Scott Supply Co., consisting primarily of a combined Case IH and New Holland Agriculture dealership located in Mitchell, South Dakota. The acquisition closed Jan. 10.
According to Titan, in the trailing 12-month period ended Dec. 31, 2023, Scott Supply generated revenue of approximately $40 million. Publicly traded Titan operates a global network of more than 100 agricultural and construction equipment sales and rental sites in the United States, five nations in Europe and Australia.
“This acquisition is a perfect complement to our existing footprint in this highly productive region of eastern South Dakota,” Titan Machinery CEO David Meyer says.
“Scott Supply has been serving Mitchell, South Dakota, and the surrounding area since 1915 with a talented and experienced team of employees and a total commitment to excellence in customer service. As we join together, we aim to build upon that legacy and look forward to a bright future in this excellent market.”
Titan Machinery, founded in 1980, has U.S. locations in Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota, Washington, Wisconsin and Wyoming; European stores in Austria, Bulgaria, Germany, Romania and Ukraine; and stores located in three different Australian states.
The company's locations represent one or more of the CNH (formerly Case-New Holland) industrial brands, including Case IH, New Holland Agriculture, Case Construction, New Holland Construction and CNH Industrial Capital.
