Posted on Oct 11, 2017
Boston, GA. - Monday, May 6, 2013. Ag-Pro Companies announced the acquisition of GreenSouth Equipment, marking a significant expansion that will allow the company to serve all market segments, from the consumer to the corporate farms. The combined company will have more than $500 million in annualized sales and employ more than 500 people. Terms of the acquisition were not announced.
Kim Jones, President and Chairman of GreenSouth Equipment, said, "Combining our 13 dealerships with Ag-Pro's strong agricultural base brings together expertise and geographic reach that will benefit all our customers, employees, stockholders, and the communities we serve. A new era in agriculture is coming as new technologies are available to farmers and ownership of land moves more towards large corporate farms. Dealerships must adapt quickly and we believe this combination of our businesses will enable our teams to prepare for the changes ahead so we can better serve our customers."
James Groover, CEO of Ag-Pro Companies, said, "Since 1958, we have developed a loyal customer base by providing superior service to all customer segments. With this acquisition, we will implement our service based business model while leveraging our newfound buying power in order to offer more competitive prices to all customers."
Commenting on how the acquisition will enhance Ag-Pro, Groover stated, "The new geographic reach and diversity of market segments we now serve will greatly enhance the growth potential of our combined company."