Titan Machinery Inc. Announces Acquisition of Jaycox Implement, Inc.
In the trailing twelve-month period ended June 30, 2021, Jaycox generated revenue of approximately $91 million.
- In the trailing twelve-month period ended June 30, 2021, Jaycox generated revenue of approximately $91 million.
- The acquisition is expected to close in December, 2021 and be immediately accretive to earnings per diluted share.
- David Meyer, Titan Machinerys Chairman and Chief Executive Officer, stated, The acquisition of the Jaycox dealership network in southwestern Minnesota and northwestern Iowa is a perfect complement to our existing footprint in the heart of this highly productive region.
- The Titan Machinery locations represent one or more of the CNH Industrial Brands, including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital.