Titan Machinery Closes on Acquisition of Hubbard Implement

June 4, 2010 09:06 AM

Titan Machinery Inc. announced that it has closed on the previously announced acquisition of Hubbard Implement, Inc., a Case IH brand agriculture equipment dealership located in Iowa Falls, Iowa.

Hubbard Implement, Inc. is strategically located contiguous to Titan Machinery's existing locations in Grundy Center and Waverly, Iowa. In its most recently reported fiscal year, Hubbard Implement generated revenues of approximately $7.9 million.

Titan Machinery Inc. was founded in 1980 and is headquartered in Fargo, North Dakota. The company owns and operates a network of full-service agricultural and construction equipment stores in the United States. The Titan Machinery network consists of 72 dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska and Wyoming, including three outlet stores, representing one or more of the CNH Brands Case IH, New Holland Agriculture, Case Construction, New Holland Construction, Kobelco and CNH Capital.

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