TITN - Titan Machinery Acquires Agriculture Equipment Dealer O'Connors For $63M | Benzinga
Titan Machinery Inc (NASDAQ: TITN) said it has entered into a definitive purchase agreement to acquire J.J. O'Connor & Sons Pty. Ltd. for $63 million in cash.
O'Connors is a Case IH dealership group in Australia. In the unaudited full fiscal year period ended June 30, 2023, O'Connors generated revenue of $258 million and EBITDA of $21.4 million.
The accretive acquisition generated approximately ...