Titan machinery inc. announces acquisition of jaycox implement, inc.

West fargo, n.d., oct. 20, 2021 (globe newswire) -- titan machinery inc. (nasdaq: titn), a leading network of full-service agricultural and construction equipment stores, announced today that it has entered into a definitive purchase agreement to acquire the assets of jaycox implement, inc. (“jaycox”), which consists of three full-line case ih agriculture dealerships located in worthington, mn, luverne, mn, and lake park, ia. in the trailing twelve-month period ended june 30, 2021, jaycox generated revenue of approximately $91 million. the acquisition is expected to close in december, 2021 and be immediately accretive to earnings per diluted share.
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