Plainview, Texas-based Ray Lee Equipment, a John Deere dealership with 6 locations in Texas and New Mexico, is being acquired by Western Equipment of Clinton, Okla., reports MyPlainview.com

The sale of Ray Lee Equipment was announced Tuesday morning by the local business. No financial details were released, and a company representative said the change in ownership will be effective Nov. 1, 2016.

According to the report: 

“You can say we have now started the transition process and we will be working together to meet that Nov. 1 target date,” said Tim Hardage, corporate spokesman. “This is really a good move for everyone concerned. We’re joining a very strong organization that is family owned and on its third generation of leadership. It’s been in operation for a century now, and we all look forward to being on the same team with these guys.”

Founding in 1916, Western Equipment is currently celebrating 100 years in the farm implement business, Tuesday’s announcement notes, with locations in Clinton, Weatherford, Hobart, Altus, Alva and Woodward, Okla., as well as Amarillo and Childress, Texas.

Western Equipment will be adding Ray Lee Equipment’s Texas locations, in Plainview, Floydada, Olton, Muleshoe and Dimmitt, along with the Clovis, New Mexico, location.

Western Equipment came into being in 2003 with the merger of neighboring John Deere dealerships in Clinton, Okla., founding by C.J. DeFehre, and Weatherford, Okla., founded by Otto Lorenz. Third generation members of both families now hold the leadership reins of Western Equipment.

For the latest news on dealer growth, including acquisitions, consolidations and new locations, visit our Dealers on the Move feed.

Dealers on the Move is brought to you by business management software provider Equip IQ.

Dealers on the Move