Southwestern Ontario-based Premier Equipment and U.S.-based Stotz Equipment, both John Deere organizations, announced they have formed a cross-border partnership.
In a release, Premier said it welcomes investment to “continue to strengethen capabilities and position both companies for growth.” The partnership marks an industry-first, common ownership of John Deere dealerships on both sides of the U.S./Canadian border., the companies said, creating a “unique opportunity to align the two John Deere dealerships as peers.”
The companies said they look to the partnership to “grow in their regions by gaining unique insights about other markets and leveraging shared resources to better serve their community’s evolving needs.”
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“We have a lot of appreciation for Premier, the kind of organization they are, the things they are working on, and we’d like to be part of it,” Tom Rosztoczy, CEO of Stotz Equipment, said in the release.
“This partnership allows us to continue to evolve and invest in our infrastructure so that we are well positioned to serve our customers for a long time,” Allan Dueck, CEO of Premier Equipment, said.
Stotz Equipment is a family-owned dealership first established in Arizona in 1947 and is now part of local communities in eight western states, operating 25 locations. Premier Equipment began in the 1950s, and has grown to eight locations in southwestern Ontario.
The partnership is the next step for both organizations while they continue representing their proud and historic brands in their respective trade areas, the companies said. They said “the culture and core values within both dealerships are closely aligned and centered around quality, integrity, and care for customers, employees, and the communities they serve.”
The partnership is expected to commence September, 2024, subject to all necessary approvals and due diligence. The current Premier Equipment ownership group and leadership team will remain in place.
