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Articles Tagged with ''acquisition''

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Dealers on the Move

From Acquisition to Fully Integrated

Birkey’s Farm Store added 5 new stores to its dealership group recently and is now going through the process of integrating the new locations.
By Kim Schmidt posted on October 24, 2016 | Posted in Dealers on the Move
In mid-August, Birkey’s Farm Store, a Case IH dealer with locations in Illinois and Indiana, acquired Farm Pride, which had stores in Arthur, Shelbyville, Casey, Newton, and Mattoon, Ill. The acquisition took Birkey’s total stores to 16. 
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Kanicki
From the Desk of Dave Kanicki

Are Ag Mergers & Acquisitions Really Bad for the Industry?

By Dave Kanicki posted on September 28, 2016 | Posted in Manufacturer & Dealer Issues
For some folk, it’s automatic — any and all industry mergers and/or significant acquisitions are bad, anti-competitive, designed to squeeze out smaller competitors and must be stopped at all costs. At least they must be closely scrutinized to determine who might be harmed and how much damage might such a transaction cause.
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Special Report: After the Ink Dries

A History of Acquisitions and Owner Transitions for Champlain Valley Equipment

By Jaime Elftman posted on June 11, 2016 | Posted in Best Practices, Department Management
Over the past 15 years, Champlain Valley Equipment, a 5-store New Holland, Case IH and Kubota dealership in Vermont, has acquired six other dealerships. In several cases, the selling owner was offered a new position within the dealership. Brian Carpenter, general manager of Champlain Valley, says making the transition from owner to staff member has gone smoothly in each case.
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Lessiter
To the Point

Another Major Line No Longer Mere Talk

By Mike Lessiter posted on June 11, 2016 | Posted in Manufacturer & Dealer Issues
To complement this SHOWCASE’s report on what happens after the ink dries on a dealer acquisition (Dealer Acquisitions Report), I’d been exploring the major lines’ resources, checklists and protocols to help dealers integrate newly acquired stores. With the exception of John Deere (declined to participate), the majors supported the topic and cooperated with materials.
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Special Report: After the Ink Dries

After the Ink Dries: Dealer Takeaways

June 11, 2016 | Posted in Best Practices, Dealer Succession
Because dealers have had a wide variety of experiences when it comes to handling matters following the acquisition of another dealership, there was little if any clear-cut consensus on one “best” approach to some of the biggest and most critical issues involved.
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Brain Carpenter
Special Report: After the Ink Dries

Plan Early, But Have Patience

While Champlain Valley Equipment doesn’t have a script for acquiring another dealership, planning early and addressing challenges as they appear has led to six smooth dealership transitions for the company.
By Jaime Elftman posted on June 11, 2016 | Posted in Best Practices, Department Management
While Champlain Valley Equipment doesn’t have a script for acquiring another dealership, planning early and addressing challenges as they appear has led to six smooth dealership transitions for the company.
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Brian Taschuk
Special Report: After the Ink Dries

Cultural Integration: Embrace Change From the Get Go

Agriterra Equipment is an ever-growing dealership group that stresses open communication in the days following an acquisition.
By Kim Schmidt posted on June 11, 2016 | Posted in Best Practices, Dealer Succession
Agriterra Equipment, an 8-store AGCO dealer in Alberta, was born out of an acquisition in 2013. Brian Taschuk started the dealership by acquiring Selmac Equipment, which was a 3-store operation. Since that initial acquisition, Taschuk has acquired another dealership every 6 months. Today, the dealership has grown to 8 stores. “We’re on a constant integration journey every month,” he says.
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Consultants
Special Report: After the Ink Dries

Consultants Offer ‘Post-Deal’ Insights

Professional management advisors share top tips on how to integrate store cultures, operations and systems on ‘Day 1’ of an acquisition.
By Mike Lessiter posted on June 11, 2016 | Posted in Best Practices, Department Management
You know that you’ve got a complex subject when a canvassing of experts stirs up an array of answers to identical questions, even from professionals in the same organization.
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Dealer Acquisition
Special Report: After the Ink Dries

After the Ink Dries: The First 100 Days Post-Acquisition

Dealers and consultants share their lessons learned on best practices for integrating your company culture into a newly acquired store.
June 11, 2016 | Posted in Best Practices, Dealer Succession
One could argue that nearly every dealer in North America will be on one side or the other of an acquisition in the years ahead. This report focuses on the first 100 days of integrating a new store into another dealership group following an acquisition, and what it take to successfully meld one organization’s culture into another with a minimum or no loss of performance.
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Two Rate Cuts Possibly by Year End

Two Rate Cuts Possibly by Year End

In this episode of On the Record, brought to you by Benzi America, Greg Roberg, vice president of sales for AgDirect, shares his expectations for potential rate cuts yet this year based on the FOMC’s comments in late July. In the Technology Corner, Noah Newman highlights the upcoming Precision Specialist Week. Also in this episode, one manufacturer who supplies a number of OEMs says “Ag is on the fastest roller coaster ride down in a quarter-century” and TractorZoom’s Andy Campbell provides an outlook on the used equipment market for the remainder of 2024.
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