McCombie Group and its financial partners SeamLev Investments have acquired a majority stake in Atlantic Tractor, a network of 11 John Deere equipment dealerships. No financial terms were disclosed.
CLAYTON, DE – (February 28, 2017) McCombie Group, a private investment firm, and SeamLev Investments, its financial partner, have acquired a majority interest in Atlantic Tractor, a network of 11 John Deere equipment dealerships, with exclusive rights to market and service the brand’s agriculture and turf products throughout Delaware, eastern Maryland, and southeastern Pennsylvania.
Atlantic Tractor and its predecessor entities have been dutifully serving Mid-Atlantic farmers and homeowners for over 80 years. The company commands nearly 50% market share within its territory and consistently earns superior customer satisfaction scores. David McCombie, CEO of McCombie Group, said, “We are thrilled to have the opportunity to partner with a great regional company that represents one of the most recognizable and respected brands in the world.”
Consistent with McCombie Group’s family office roots, the investment is structured as a long-term, buy-and-hold strategy. According to Eric Levin, President of SeamLev Investments, “The value of this company is in its people. We are committed to investing the resources to provide our team members with the training and tools required to ensure customers always receive the absolute best service in the marketplace.”
Atlantic Tractor will serve as the platform for opportunistically acquiring other complementary industrial dealerships that can benefit from its scale. McCombie Group partner, Jay Lipsey, explains, “We remain willing and able to entertain discussions with other dealership groups who might have an interest in exploring a sale or merger.”
About McCombie Group, LLC
McCombie Group is a collection of influential families actively seeking to invest long-term capital into established family-owned businesses. The firm leverages its collective knowledge and influence to run companies the “right way,” for long-term performance. McCombie Group’s principals have particular expertise with industrial dealerships and commercial distributors.
For more information on this transaction, please visit www.mccombiegroup.com.