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on Thursday, June 20, 2024
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Stotz Equipment and Premier Equipment have pursued an exciting opportunity to partner, as Premier welcomes investment to continue to strengthen capabilities and position both companies for growth. With a culture-led approach to business, both high-performing John Deere organizations look to this 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.
This marks an industry-first, common ownership of John Deere dealerships on both sides of the US/Canadian border. This creates a unique opportunity to align the two John Deere dealerships as peers.
“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,” says Tom Rosztoczy, CEO of Stotz Equipment.
“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,” says Allan Dueck, CEO of Premier Equipment.
As a family-owned dealership, Stotz Equipment has sought to be the best equipment dealer in the world for 76 years and counting. First established in Arizona in 1947, it is now part of local communities in 8 western states, operating 25 locations. Likewise, Premier Equipment began its efforts to be the best John Deere dealer in Canada in the 1950s, and has grown to 8 locations in Southwestern Ontario. This is the next step for both organizations while they continue representing their proud and historic brands in their respective trade areas.
“The consistency of the core values and purpose between the two dealerships made it an easy decision for us to consider partnering with Premier, with the goal of strengthening both organizations,” says Rosztoczy.
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. Both organizations have strengths and talent that have contributed to their success and helped to position them as trusted resources in their respective geographies.
“We are excited about this relationship and what it means for our organizations and those we serve,” says Dueck.
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.
To learn more about our shared purpose, our shared vision, and our cultures, please visit:
https://www.stotzequipment.com/our-company/
https://www.premierequipment.ca/about-us/