The Brandt Group of Companies has reached an agreement to acquire the businesses of Nortrax Canada Inc. and Nortrax Quebec Inc, subject to due diligence and regulatory and other approvals. The agreement is expected to close on October 25, 2019, as the company says in the press release received by Lesprom Network.
The landmark deal will unite all John Deere Construction & Forestry dealerships in Canada under the Brandt banner and deliver unprecedented access to Deere products, parts and support services to Canadian contractors.
With the acquisition of the Deere-owned Nortrax locations in Ontario, Quebec and Newfoundland and Labrado, Brandt will own and operate 56 John Deere Construction & Forestry dealerships across Canada with an additional 30+ service points and will employ over 3400 people.
The acquisition will give Brandt a comprehensive retail footprint to supply Construction & Forestry equipment to Canadian contractors and will further establish the firm's position as a premier privately-held Canadian company and the largest privately-owned John Deere Construction & Forestry dealership in the world.