JLD-Laguë, one of Canada's largest John Deere (NYSE: DE) dealers, has added Peterbilt trucks to its portfolio with the acquisition of Transdiff.
The C$13.5 million (the Canadian dollar equals US$0.75) deal, announced on June 11, includes Transdiff's four Quebec Peterbilt dealerships and the JDH Peterbilt service center. Two Quebec-based funds – Fonds de Solidarité FTQ and Fondaction – financed the acquisitions.
"These investments ... combined with the acquisition of TransDiff and Centre de transmission JDH will allow our company to continue to develop on a solid foundation," Terry Enepekides, president of JLD-Laguë, said in a statement. "We are therefore very well placed to strengthen our presence in the market."
The Peterbilt dealerships and service center will operate as a separate division from JLD-Laguë's 16 John Deere dealerships in Quebec and eastern Ontario. Transdiff and JDH employ 180 people.
With the acquisition, JLD-Laguë has 600 employees and owns four of the 15 Peterbilt dealerships in Quebec.
In 2014, Canada's largest John Deere dealer, Cervus Equipment (TSX:CRV), purchased 12 Peterbilt dealers in Ontario.
Image sourced from Pixabay
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