Lincoln, NE. (January 31, 2020) – Three Nebraska based John Deere dealerships announced plans to merge their businesses. Green Line Equipment, Stutheit Implement, and Plains Equipment Group are combining forces to provide leading service, support, and product solutions to farmers, ranchers, and landowners. The newly formed corporation named AKRS Equipment Solutions (“AKRS Equipment”) symbolizes trust, commitment, and innovation in agriculture. The companies plan to officially close on the deal by the end of March 2020. “The common cultures and values of these three companies and how they serve their customers is really something special,” said Russ Rerucha, the newly appointed… Read More »
[2007; R-2013 | Keywords: Business, Operations, Mergers, Acquisitions, Retirement Plans] Business mergers and acquisitions are a way of life in today’s economic environment. From phone companies and banks, to equipment manufacturers and dealerships, business mergers and acquisitions will continue to make news in the business world for many years to come. Steps Involved in a Merger or Acquisition The merger and acquisition process involves several critical steps. In an April 2005 Retailer article titled, “Becoming a Multi-Location Business,” Andy Goodman outlined six steps involved in a merger or acquisition. These include: Establishing a dialog with the owner(s) of the business… Read More »
[2007; R-2013 | Keywords: Business, Operations, Mergers, Succession] Determining the value of a business remains one of the most important and complex steps when buying or merging with a business. How do you determine the value of a business? According to the booklet Business Valuation Strategies, business valuation is “as much art as science.” Value is derived by a complicated set of factors. So, it is imperative that the methodology used fits the needs of the business and is correctly applied in order to reach an accurate value. This requires someone with both experience and skill – a professional valuator…. Read More »
