Deere & Company completed its sale of a majority interest in its landscapes business for $300 million, the company announced today.
The majority interest in John Deere Landscapes was sold to the private equity investment firm of Clayton, Dubilier & Rice, according to a press release. Deere & Company retained a 40 percent equity interest in the business.
John Deere Landscapes has more than 2,000 employees at approximately 400 locations in 41 states.
Related Stories:
Industry Outlook: How Does Your Dealership Stack Up?
Download these helpful knowledge building tools
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
