Agricultural Productivity Companies said it will acquire GreenSouth Equipment, combining two Georgia John Deere farm equipment dealers that will have 25 locations.
Terms of the deal between Boston-based Ag-Pro and Thomasville-based GreenSouth were not disclosed. The combined company will have annualized sales of more than $500 million and a workforce of more than 500 people.
Ag-Pro said the deal will allow it to continue focusing on large agricultural customers while extending its reach with GreenSouth’s focus on small business and enterprise farmers throughout the South.
“The new geographic reach and diversity of market segments we now serve will greatly enhance the growth potential of our company,” Ag-Pro Chief Executive Officer James Groover said in announcing the deal.
GreenSouth has 13 John Deere locations in Georgia, Florida and South Carolina.
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