June 4, 2008 • Fargo, N.D.-based Titan Machinery has closed on its previously announced acquisition of Mid-Land Equipment Company, which has six dealerships in Iowa and Nebraska.
Mid-Land Equipment, with locations in Des Moines, Davenport, Clear Lake and Cedar Rapids, Iowa, and Omaha and Lincoln, Neb., is a dealer for Case Construction Equipment. Mid-Land reported revenues of $48.3 million during its most recently completed fiscal year ended Dec. 31, 2007. The six Mid-Land Case construction stores are contiguous to existing Titan Machinery CaseCE stores in South Dakota and strategically overlay the existing nine Titan Machinery CaseIH agricultural locations in Iowa.
Titan Machinery owns and operates one of the largest networks of full service agricultural and construction equipment stores in North America. With the addition of six Mid-Land Equipment dealerships, the current Titan Machinery network will consist of 48 dealerships in North Dakota, South Dakota, Minnesota, Iowa and Nebraska, including two outlet stores.
