Cervus Equipment Corp.announced that it has completed its acquisition of 100 per cent of the shares of Evergreen Equipment Ltd. (“Evergreen”).
With this acquisition, Evergreen Equipment will be rebranded to Cervus Equipment.
“This acquisition demonstrates Cervus’ ability to continue to grow its agricultural business in Western
Canada in partnership with John Deere,” said Graham Drake, President and CEO of Cervus. “As
Evergreen’s business operations are similar to Cervus’ and its dealerships are adjacent to our existing John
Deere locations, we expect a smooth integration. For the past 70 years, Evergreen has grown a strong
business across southern Alberta, and Cervus looks forward to building on that success to benefit the
entire Evergreen team, as well as their customers and communities.”
Established in 1944, Evergreen owns four John Deere dealerships located in Bassano, Brooks, Drumheller
and Hanna, Alberta that sell new and used agricultural equipment and offer equipment parts and
servicing. Over the last three fiscal periods, Evergreen reported average gross revenue of more than $87
million per year.
“With the strength of the entire Cervus organization behind us, we will continue to enhance the John
Deere offering in our communities to meet the growing needs of our customers, employees and
partners,” said Mark Jones, General Sales Manager, Evergreen Equipment Ltd.
About Cervus Equipment Corporation
Cervus acquires and manages authorized agricultural, commercial, industrial and transportation
equipment dealerships. The company has interests in 73 dealerships in Canada, New Zealand and
Australia, employing more than 1,700 people. The primary equipment brands represented by Cervus
include John Deere agricultural equipment; Bobcat and JCB construction equipment; Clark, Sellick and
Doosan material handling equipment; and Peterbilt transportation equipment. Cervus Equipment went
public in 2000, and since 2003, the common shares of Cervus Equipment have been listed on the Toronto
Stock Exchange and trade under the symbol “CVL.”
About Evergreen Equipment Ltd.
Established in 1944 with its first John Deere dealership in Duchess, Evergreen Equipment Ltd. operates
four John Deere dealerships across Alberta in Bassano, Brooks, Drumheller and Hanna. Each dealership
sells new and used agricultural equipment and offers equipment parts and servicing. Since 2011,
Evergreen Equipment has reported average gross revenue of more than $87 million per year. On October
15, 2014, Evergreen Equipment was acquired by Cervus Equipment, and will be rebranded to Cervus
Equipment.