A North Texas agriculture and consumer equipment dealer has purchased two local companies. Ag-Power, headquarter in McKinney, Tx., confirmed Tuesday that it was acquiring Deems Farm Equipment in Marshall and all Heartland Farm and Lawn dealerships in Missouri. A representative for Heartland Farm and Lawn could not be reached for comment at this time. A spokesperson for Deems declined to discuss the deal.
Ag-Power has 12 locations in Texas and Arkansas. As part of the deal, the company would expand to include a total of five dealerships in Missouri.
We are working to get more information on the deal and will provide an update as soon as it becomes available.