M&A Deal Summary

Titan Machinery Acquires Jaycox Implement

On October 20, 2021, Titan Machinery acquired machinery company Jaycox Implement

Acquisition Highlights
  • This is Titan Machinery’s 2nd transaction in the Machinery sector.
  • This is Titan Machinery’s 18th transaction in the United States.
  • This is Titan Machinery’s 3rd transaction in Minnesota.

M&A Deal Summary
Date 2021-10-20
Target Jaycox Implement
Sector Machinery
Buyer(s) Titan Machinery
Deal Type Add-on Acquisition

Target

Jaycox Implement

Worthington, Minnesota, United States
Jaycox Implement provides high-quality, competitively-priced equipment, and solutions that enable the success of customers in the tri-state area. Jaycox Implement was founded in 1956 and is based in Worthington, Minnesota.

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Buyer(S) 1

Buyer

Titan Machinery

West Fargo, North Dakota, United States
Category Company
Founded 1980
Sector Retail
Employees3,338
Revenue 2.2B USD (2023)
DESCRIPTION

Titan Machinery is an owner and operater of a network of full service agricultural and construction equipment stores in the United States and Europe. The Titan Machinery network consists of 97 North American dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska, Wyoming, Wisconsin, Colorado, Arizona, and New Mexico, including three outlet stores, and 16 European dealerships in Romania, Bulgaria, Serbia, and Ukraine. Titan Machinery was founded in 1980 and is based in West Fargo, North Dakota.

DEAL STATS #
Overall 19 of 22
Sector (Machinery) 2 of 3
Type (Add-on Acquisition) 19 of 22
State (Minnesota) 3 of 3
Country (United States) 18 of 20
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 AGRAM Landtechnikvertrieb

Burkau, Germany

AGRAM is a successful Case IH and Steyr dealership complex. AGRAM consists of four Case IH agriculture dealership locations in the following cities of Germany: Burkau, Altranft, Rollwitz and Gutzkow.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 Heartland AG Systems

Ames, Iowa, United States

Heartland AG Systems provides CASE IH Application Equipment distributorship in North America and one of the leading national distributors for sprayer parts and accessories to co-operatives and farm service providers. Heartland AG Systems was founded in 2019 and is based in Ames, Iowa.

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Mergr

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