Titan Machinery Closes Acquisitions of Western Plains & WP Rentals

Titan Machinery last week announced that it has closed on the previously announced acquisition of Western Plains Machinery Co. and WP Rentals, consisting of nine construction equipment locations in Montana and Wyoming. The acquisition closed on Jan. 1.

Founded in 1940, Western Plains Machinery has Case Construction dealerships in Billings, Great Falls, Missoula, and Kalispell, Mont., and Casper and Gillette, Wyo. WP Rentals has locations in Billings and Belgrade, Mont., and Cheyenne, Wyo. These nine locations are contiguous to Titan Machinery’s existing construction stores and are expected to continue producing solid financial results by focusing on energy, mining, residential, commercial and infrastructure projects on the local, state and federal levels. In its most recently reported fiscal year ended Dec. 31, 2007, Western Plains Machinery and WP Rental generated revenues of $48.9 million.

Titan Machinery Inc., founded in 1980 and headquartered in Fargo, N.D., owns and operates one of the largest networks of full service agricultural and construction equipment stores in North America. The current Titan Machinery network consists of 61 dealerships in North Dakota, South Dakota, Minnesota, Iowa and Nebraska, including two outlet stores, representing one or more of the CNH Brands.