Golden Opportunities Announces Rocky Mountain Equipment’s Acquisition of Robertson Implements Further Expanding Its Saskatchewan Footprint
SASKATOON, SK – Golden Opportunities Fund Inc. (“Golden”) is pleased to announce that its portfolio company Rocky Mountain Equipment LP (“RME”), a syndicated investment funded by Golden and Westcap MBO II Investment LP, has successfully completed the acquisition of Robertson Implements (“Robertson”). The Robertson transaction was a key component of RME’s strategic objective to expand its presence and footprint in Saskatchewan.
The Robertson acquisition added eight New Holland agriculture dealership locations with six located in Saskatchewan, in the communities of Saskatoon, Moose Jaw, Unity, Swift Current, Kindersley and Shaunavon, as well as two located in Alberta. This acquisition includes an industrial rental business and a motor sports dealer, both located in Swift Current, Saskatchewan. RME has increased its dealer network from 36 locations, at the time of the initial go private transaction, to 45 dealer locations, and the number of RME employees from 750 to approximately 1,000.
Garrett Ganden, President and CEO of RME commented, “The acquisition of Robertson was a key strategic objective for RME and provides the company with an increased presence in the Saskatchewan market. The Saskatchewan expansion has been part of RME’s long term vision to support its customers across the entire Canadian prairies. Golden’s brand, reputation and strategic partnership with our company were important elements to RME’s growth plan.”
Grant J. Kook, President and CEO of Golden quotes, “Agriculture continues to be a key priority sector for Golden. We have a common vision with our partners at RME and look forward to continuing to increase our presence and impact across Saskatchewan communities under this proven leadership team.”
For further information, please contact:
Grant J. Kook, President and CEO
Westcap Mgt. Ltd.
Fund Manager for Golden Opportunities Fund Inc.
Suite 601, 409 3rd Ave South Saskatoon, SK
Tel: (306) 652-5557
Wanda Hunchak, Executive Vice President
Westcap Mgt. Ltd.
Fund Manager for Golden Opportunities Fund Inc.
Suite 601, 409 3rd Ave South Saskatoon, SK
Tel: (306) 652-5557