RDO Equipment Co. Announces Partnership with Vermeer Equipment Holdings Pty. Ltd.
February 9, 2016RDO Equipment Co. has announced that it has partnered with Vermeer Equipment Holdings Pty. Ltd. and acquired 50 percent interest in five Vermeer locations in Eastern Australia.
Vermeer Equipment Holdings Pty. Ltd. (VEH) is the dedicated Vermeer dealer for all Eastern Australia states plus Papua New Guinea and other Pacific Island nations. VEH is headquartered in Brisbane, with additional locations in Sydney, Melbourne, Adelaide and Townsville.
“Our organization was founded on the principles of entrepreneurship and innovation with a focus on our customers and team members, and VEH has a very similar history,” stated Christi Offutt, RDO Equipment Co. CEO and Chair of the Board of Advisors. “VEH’s commitment to providing solutions allows them to continue to take care of customers and grow and develop their employees and we are excited about the strength of this partnership in continuing these ideals.”
“As a family-owned business, Vermeer Corp. puts a great deal of focus on succession planning to remain progressive while providing confidence and consistency to our team members, dealers and customers. We expect the same of our dealership network. VEH and RDO Equipment Co. have demonstrated a best practice in their efforts to work together to develop a progressive succession plan that will provide customers confidence for years to come,” commented Jason Andringa, CEO of Vermeer Corp.
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VEH founder Peter Pullan added, “I am looking forward to sharing resources, ideas and best practices with RDO Equipment Co. who are a successful machinery dealer in the strong but competitive USA market. I can see many mutual benefits for Vermeer dealerships on both sides of the Pacific.”
Commenting about the acquisition, Ryan Offutt, Executive Vice President and head of international operations for RDO Equipment Co., said, “We are excited to expand our international dealership presence and to grow our relationship with Vermeer. Vermeer Equipment Holdings Pty Ltd is one of Vermeer Corporation’s best run and largest international operations.”
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