CALGARY, Feb. 1, 2013 /CNW/ - Rocky Mountain Dealerships Inc. ("Rocky"),
announced today that it has completed its previously announced
agreement to purchase 100% of the issued and outstanding shares of MJ
Solomon Ltd., operating as "Murray's Farm Supplies" ("Murray's").
For the most recent fiscal year, Murray's had revenues of approximately
$15 million. Murray's operates two stores located in Shoal Lake and
Russell, Manitoba, and is a dealer of various agriculture short-lines
including Bourgault, MacDon and Kubota. This acquisition was completed
through existing cash and credit facilities.
On completing this acquisition, Rocky's CEO Matt Campbell stated, "Rocky
views Murray's as a strategic acquisition. Murray's short-line brand
profiles complement our current Case IH stores in the region and
provide our customers with the broad range of products and knowledge
that they expect from a dependable partner. We look forward to serving
new and existing customers in this important agricultural region."
Rocky is one of Canada's largest agriculture and construction equipment
dealership networks with branches located throughout Alberta,
Saskatchewan and Manitoba. Through its network of Rocky Mountain
Equipment locations, Rocky sells, rents, and leases new and used
construction and agriculture equipment and offers product support and
finance to its customers.
Additional information on Rocky is available at www.rockymtn.com and on SEDAR at www.sedar.com.
SOURCE: Rocky Mountain Dealerships Inc.
For further information:
Rocky Mountain Dealerships Inc.
Matt Campbell, Chief Executive Officer;
Garrett Ganden, Chief Operating Officer; or
David Ascott, Chief Financial Officer
#301, 3345 - 8th Street S.E.
Calgary, Alberta T2G 3A4
Telephone: (403) 265-7364, Fax (403) 214-5644