Source: Titan Machinery

Titan Machinery Inc. has entered into a definitive purchase agreement to acquire certain assets of Fairbanks International Inc. and its affiliates. The acquisition includes six dealerships that offer one or more of the Case IH, New Holland agriculture and New Holland Construction brands. These dealerships are located in Grand Island, Kearney, Lexington, Holdrege, Hastings, and North Platte, Neb. The acquisition is subject to customary conditions to closing and is expected to close on or around Dec. 31, 2010.

The purchase brings to 77 the total number of dealerships owned by Titan in the Midwest and Northern Plains. The Fairbanks acquisition marks Titan's first agriculture dealerships in Nebraska. Fairbanks International was started by the Fairbanks family in 1910 and it has been selling equipment for more than a century. 

Original news release