Titan Machinery Acquires Farmers Implement & Irrigation
Deal News | May 16, 2025 | Globenewswire
Titan Machinery Inc., a prominent network of agricultural and construction equipment dealerships, has successfully acquired Farmers Implement & Irrigation, a dealership company with locations in Brookings and Watertown, South Dakota. The deal, finalized on May 15, 2025, allows Titan Machinery to enhance their strategic presence in the Eastern South Dakota region, particularly in partnership with New Holland, a brand under CNH Industrial. Bryan Knutson, CEO of Titan Machinery, highlighted the synergy in customer service philosophies between the two companies, underscoring the continuity of the strong customer base built by David Gullickson over his 53-year career. Titan Machinery, founded in 1980, operates extensively across North America, Europe, and Australia with branded dealerships including Case IH, New Holland Agriculture, and others under the CNH Industrial umbrella.
Sectors
- Agricultural Equipment
- Construction Equipment
Geography
- United States – The acquisition is based in South Dakota, and Titan Machinery has a significant presence across the United States.
- South Dakota – Farmers Implement & Irrigation, the acquired company, operates in South Dakota, which is central to the transaction.
Industry
- Agricultural Equipment – The article deals with the acquisition involving agricultural equipment dealerships, which falls squarely within the Agricultural Equipment industry.
- Construction Equipment – Titan Machinery operates within the Construction Equipment sector, making it relevant to the article.
Financials
- Approximately $20 million – The revenue generated by Farmers Implement & Irrigation for the full calendar year 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Titan Machinery Inc. | Acquirer | Company | A leading network of full-service agricultural and construction equipment dealerships. |
| Farmers Implement & Irrigation | Target | Company | A New Holland dealership with two locations in South Dakota. |
| David Gullickson | Owner/Seller | Person | Owner and operator of Farmers Implement & Irrigation, who has established a strong customer base over a 53-year career. |
| Bryan Knutson | CEO of Titan Machinery | Person | Chief Executive Officer of Titan Machinery who commented on the acquisition strategy. |