(Stock Symbol "RME" - TSX)
Issued: 18,256,183 shares
CALGARY, June 11 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky Mountain" or the "Company"), a leading Canadian network of full service agriculture and construction equipment dealerships, announced today that it has closed the previously announced acquisition to purchase certain assets from Wardale Equipment (1998) Ltd. ("Wardale"), a Case IH agriculture dealership with locations in Yorkton, Langenburg and Preeceville, Saskatchewan.
Wardale represents Case IH agriculture and also carries Seed Hawk, Degelman and Brandt equipment brands. Wardale completed its most recent fiscal year ended November 30, 2009, with top-line revenues of approximately $39.0 million. Wardale's operations are contiguous to the existing locations of Miller Equipment Ltd. ("Miller"), a wholly owned subsidiary of Rocky Mountain.
Commenting on the announcement, Matt Campbell, Chairman and Chief Executive Officer of Rocky Mountain, said "This acquisition brings solid management, excellent revenue, and a solid platform for expansion in Saskatchewan. The joining of Wardale and Rocky Mountain will further enhance our synergies as this will bring the Miller group to 11 branches."
About Rocky Mountain
Rocky Mountain represents one of Canada's largest agriculture and construction equipment dealerships with a total of 29 dealership branches throughout Alberta, Saskatchewan and Manitoba. Rocky Mountain sells, rents, and leases new and used construction and agriculture equipment, including the Case Construction, Case IH agriculture and New Holland brands, as well as offering product support and finance and insurance products to its customers. In addition, Rocky Mountain also distributes equipment from a number of other manufacturers, including but not limited to Terex, Dynapac, Kawasaki, Leeboy, Bourgault, and Kubota.
Additional information on Rocky Mountain is available on our website at www.rockymtn.com and on SEDAR at www.sedar.com.
SOURCE Rocky Mountain Dealerships Inc.
For further information: For further information: Rocky Mountain Dealerships Inc., M.C. (Matt) Campbell, Chairman and Chief Executive Officer, Brian Taschuk, Chief Operating Officer, or Garrett Ganden, Chief Financial Officer, 828 - 46th Avenue S.E., Calgary, Alberta, T2G 2A6, Telephone: (403) 243-8600, Fax (403) 243-2264; Investor Relations, Renmark Financial Communications Inc., John Boidman, Vice President, Telephone: (514) 939-3989, Email: email@example.com