Shareholders in Canada’s largest John Deere farm equipment dealer have approved the sale of the company to Brandt Tractor Ltd. The $302 million deal to sell Cervus Equipment Corporation to Brandt was originally announced in August. The October 12 shareholder meeting saw 97.7 per cent of votes cast in favour of the deal, which remains… Read More
Tag: Cervus
Cervus Equipment has announced it has entered into an arrangement agreement with Brandt Tractor, part of Brandt Industries. Brandt will acquire all of the issued and outstanding common shares of Cervus, excluding those held by Brandt, for $19.50 per share in cash, valuing Cervus at approximately $302 million on an equity value basis. The consideration… Read More
Cervus Equipment has announced they are combining the John Deere dealerships at the Red Deer and Olds locations into a new 44,000 sq ft facility. The new location will be built at the junction of Highway 2 and Highway 42 near Penhold, Alta., and is anticipated to be in service by early 2022. All store… Read More
Pointing to the strength of the Canadian agriculture sector, Cervus Equipment Corp is reporting record sales in its latest quarter update. “Once again (Cervus) generated a record sales quarter with the highest new equipment deliveries to customers for a single quarter in Cervus’ history,” president and CEO of Cervus Equipment, Graham Drake says. “In Ontario, our… Read More
Cervus Equipment Corp. continues to expand its network of John Deere dealerships in Western Canada. The company announced yesterday that it has signed a deal to acquire Deer-Country Equipment Ltd, which owns Deere dealerships in High River and Vulcan, Alberta. “As with the recently completed Evergreen acquisition, signing of this Definitive Agreement represents a strategic… Read More
Cervus Equipment Corp. has announced a deal to buy another four John Deere dealerships in Alberta. The company has entered into an agreement to acquire all of the shares of Evergreen Equipment Ltd., which owns Deere outlets at Bassano, Brooks, Drumheller and Hanna. “Signing of this Definitive Agreement demonstrates Cervus’ continued opportunities for growth with John… Read More