7/24/2023 0 Comments United ag and turfWe are looking forward to working with the management team to support the continued growth of the business.” “John Deere ag and turf equipment is world-class, and we believe UAT provides and supports these products in a manner that reflects the best of what it means to be a John Deere dealer. “Cyprium is excited to form this new partnership with UAT,” said Leland Lewis, a Partner at Cyprium. UAT is owned by Fernandez Holdings and management. In addition to new and used equipment, UAT provides parts and maintenance service to its customers. UAT’s locations offer Deere’s complete line of agriculture and turf equipment for crop care and harvesting, hay and cattle production, lawn care, and commercial turf maintenance. with 29 full-service sites in Texas, Oklahoma and Arkansas. With its first location established in 1974, UAT is one of the largest John Deere agriculture and turf equipment dealer groups in the U.S. This transaction marks the team’s 75th non-control platform investment. Cyprium’s capital was used to facilitate a significant acquisition and fund continued growth. Along with expanding their footprint into their fourth state, New Mexico, United Ag & Turf will now have 40 locations to serve its expanding customer segments.J| Announcements, Mezzanine Debt, Non-Control CapitalĬyprium Partners, a non-control private equity firm, is pleased to announce a new subordinated debt investment in FH Equipment, LLC, d/b/a/ United Ag & Turf (UAT). This United Ag & Turf addition comes just weeks after the acquisition of Mustang Equipment in June 2022, and Fish & Still Equipment in July 2022. “I, along with my fellow Austin Turf team members, are extremely excited to be joining United Ag and Turf”, said Austin Turf & Tractor’s COO, Harry Jukes.” United’s footprint and their continued investments in superior support and solutions will further our reach and capability strengthening our unparalleled commitment to the golf and sports turf customer in Texas and New Mexico.” “John Deere entered the golf industry in 1987 and has been leading the industry in innovation for precision turf solutions ever since.” Pettit continued, “The acquisition demonstrates the trust John Deere has in United Ag & Turf’s proven industry leading support and solutions capabilities, which we can now bring to the golf and sports turf customers throughout Texas and New Mexico.” “The addition of the Golf & Turf line is exciting news for all of us.” said United Ag & Turf CEO, Brody Pettit. The acquisition will include John Deere’s Golf & Turf contract, which allows United Ag & Turf to sell products such as Fairway Mowers, Riding Greens Mowers, Aertion Equipment, Turf Sprayers, and more. The acquisition of Austin Turf & Tractor was completed on August 29, 2022. United Ag & Turf, a 40-location John Deere dealership, headquartered in Bryan, Texas has completed the acquisition of Austin Turf & Tractor, a John Deere dealership with locations in Farmers Branch, Marble Falls, and Haltom City, Texas and in Bernalillo, New Mexico. United Ag and Turf, which is also in Oklahoma and Arkansas, has added 12 locations over the summer. United now has 40 locations after acquiring Austin Turf and Tractor, which has three locations in Texas and their first location in New Mexico. Image from a United Ag & Turf news release.įor the third time in as many months, an expansion is announced by Bryan based John Deere dealership United Ag and Turf.
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