Titan Machinery Inc. announced recently that it has closed on the acquisition of Adobe Truck & Equipment, LLC. 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 Chairman and CEO, says, “We are excited to expand the Titan Machinery footprint into Colorado. Historically, this eastern Colorado market including the Denver, Colorado Springs, and Loveland/Fort Collins metros has produced large industry unit sales. In addition, we anticipate associated rental demand. We see an overall solid growth platform with this acquisition.”

Today's top stories

Growing Interest in Construction Careers Among Younger People Means Jobs Filled, Deadlines Met

Larry Young Paving Tackles Grade-Separated Interchange in Texas

Caltrans, Crews Working to Repair Highway Landslides

FIRSTGREEN Industries Launches ROCKEAT Electric Skid Steer Loader

'Tiltrotator Effect' Increases as Energy Consumption Goes Down

VIDEO: Birmingham, Ala., Awarded $14.5M Fed Grant to Revitalize Its 'Black Main Street'

Pettibone Celebrates 75th Anniversary of Cary-Lift

Fay Preps Way for Pittsburgh International Airport Modernization Project