Titan Machinery in February closed on the acquisition of Adobe Truck & Equipment, Colorado division. The acquisition consists of three Case Construction dealerships located in Denver, Colorado Springs, and Loveland, Colorado.
Adobe Truck & Equipment’s dealerships are located east of the Rocky Mountains in Colorado and are supported by a number of factors including oil exploration in northern Colorado, agriculture in eastern Colorado, and large metropolitan centers in Denver and Colorado Springs. The dealerships will benefit from synergies with Titan Machinery’s existing dealerships in Wyoming and Nebraska. With the acquisition of these dealerships, Titan Machinery has the exclusive Case Construction contract for all of Colorado east of the Rocky Mountains. In its most recently reported fiscal year, Adobe Truck & Equipment generated revenue of approximately $12 million.
David Meyer, Titan Machinery’s