Nortrax Acquires Deere Dealer Holt, Leases Holt’s Sites

Tue February 19, 2013 - Midwest Edition
Construction Equipment Guide

Nortrax has announced that it has purchased the assets of John Deere Construction and Forestry equipment dealer Holt Equipment Company and began leasing Holt’s dealership sites.

Holt is based in Louisville, Ky., with territory locations in Louisville, Richmond, London and Bowling Green, and encompassing a 78-county trade area across Kentucky and Indiana.

“With this transaction Holt and Nortrax are showing an even stronger commitment to the construction and forestry equipment business. Current and future customers can expect that Nortrax will continue to serve them with integrity, quality, commitment and innovation,” said Tim J. Murphy, Nortrax president and CEO.

Nortrax, based in Tampa, Fla., is a wholly owned subsidiary of John Deere. “Combined with our operations in Tennessee, Nortrax is well suited to provide exceptional customer service to John Deere customers across Kentucky and select counties in Indiana.”

Murphy said that employment levels at the Holt locations will be maintained according to business needs and there are no plans to close existing Holt locations. “The intent is to grow the Nortrax business, and at the same time create new opportunities for all employees. Nortrax and John Deere will continue to invest resources to build a great business,” Murphy said.

Today's top stories

Construction Begins On Bridgeport Residential Complex

New Ad Campaign Pushes Economic Growth Through Infrastructure Investment

Triton Construction Nears Finish On $61.5M Western Maryland Highway Project

Volvo Construction Equipment Adds Entry-Level Package for Compact Assist Intelligent Compaction System

VIDEO: Case to Make Wheel Loader Product, Technology Announcement in Live Virtual Event

Southeastern Launches Online Store

U.S.-Canada Border Closure May Affect Start of International Bridge Replacement

The Sky's the Limit at AED's 2021 Summit in Las Vegas


ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo