WEST FARGO, N.D. - Titan Machinery Inc. (NASDAQ:TITN), a prominent network of agricultural and construction equipment stores, has expanded its reach with the acquisition of Scott Supply Co., a dealership located in Mitchell, South Dakota. The deal, which closed on Wednesday, adds one full-line Case IH and New Holland Agriculture dealership to Titan's portfolio.
Scott Supply, which has served the Mitchell region since 1915, reported revenues of approximately $40 million in the trailing twelve-month period ending December 31, 2023. This acquisition is seen as a strategic enhancement to Titan Machinery's presence in the productive eastern South Dakota area.
Titan Machinery, founded in 1980 and headquartered in West Fargo, North Dakota, operates a network of service agricultural and construction equipment dealer locations across North America, Europe, and Australia. The company represents CNH Industrial (NYSE:CNHI) Brands including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital.
The recent expansion is part of Titan Machinery's ongoing efforts to grow its operations and serve a broader customer base. The company's network includes locations in the United States, Bulgaria, Germany, Romania, and Ukraine, as well as stores in Victoria, New South Wales, and South Australia.
This announcement is based on a press release statement from Titan Machinery Inc. and does not constitute an endorsement of the company or its future prospects.
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