October 13, 2021
Brandt acquires Cervus Equipment
Brandt announced it has entered into an agreement to acquire all shares of Cervus Equipment Corporation.
The acquisition, which values Cervus Equipment at $302 million, will create one of the largest privately-held dealership groups in the world.
“The Brandt team is excited about this deal as it will allow us to better serve our customer base across Canada. The addition of Cervus’ offerings will form three brand new segments at Brandt, dedicated to serving the agriculture, transportation and material handling industries,” said Brandt CEO Shaun Semple. “These segments, in addition to our existing specializations in construction, roadbuilding, forestry and more, will further establish Brandt as a total solutions provider across our diverse customer groups.”
Cervus Equipment operates 64 dealerships — representing numerous manufacturers — across Canada, Australia and New Zealand.“ As a private company with a committed, well-capitalized and long-term owner, Cervus will be better positioned for the next stage of evolutionary growth for our dealerships. The size and scale of the entity created by the combination of our two companies will allow for increased investment into Cervus for the benefit of our employees and customers,” said Angela Lekatsas, president and CEO of Cervus.