ACQUISITION MERGES NORTRAX, SCHMIDT
Fernandez Holdings, Inc., which owns a diverse portfolio of businesses, including 57 John Deere Ag and Turf dealerships in the Northeast and South Central U.S., has acquired 14 John Deere Construction and Forestry stores—nine locations from Nortrax, Inc. in Maine, New Hampshire, Vermont and New York, and five stores in Massachusetts from Schmidt Equipment Inc. The business operates as United Construction & Forestry, LLC.
“Fernandez Holdings is excited to be able to expand our relationship with John Deere into the construction and forestry markets,” says Kirk Fernandez, CEO and founder of Fernandez Holdings. “We see incredible opportunity in the Northeast to continue to expand the John Deere brand with a strong organization that is committed to delivering best-in-class equipment, service, and support to our customers. Fernandez Holdings will also continue to invest heavily in the region, building new facilities, updating and upgrading operations, and empowering the business to continue to bring on talented, hard-working people to the team.”
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Tigercat Opens West Coast Parts Warehouse
Tigercat Industries is pleased to announce that it has opened a new 35,000 sq. ft. (3,250 sq. m) parts warehousing and distribution facility in Kelso, Wash. with a current stock of inventory valued at $3.5 million. “We are excited about opening the western warehouse for many reasons,” explains Tigercat parts manager, Brian Jonker. “To have inventory closer to our western dealers and customers will reduce both downtime and freight costs. To be able to potentially service any customer for an extra three hours of the day is also a benefit to the entire Tigercat network…
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