Brandt to acquire GeoShack, Inteq
The announcement is the latest in a series of acquisitions and dealer agreements by Brandt, a Regina, Sask.-based company which manufacturers and deals agricultural, construction, railroad and other industrial equipment
REGINA, SK – The Brandt Group of Companies announced that effective June 1, it has reached an agreement with U.S.-based Ultara Holdings Inc. to acquire the assets of GeoShack Canada Company and the Canadian assets of Inteq Distributors, subject to due diligence.
The announcement is the latest in a series of acquisitions and dealer agreements by Brandt, a Regina, Sask.-based company which manufacturers and deals agricultural, construction, railroad, and other industrial equipment, since their purchase of Ontario/Quebec/Newfoundland and Labrador John Deere Construction & Forestry dealer Nortrax in late 2019.
“We are very excited to add this highly respected team along with these key product lines and support services for our customers in Ontario and Quebec,” said Brandt CEO, Shaun Semple, in a prepared statement. “GeoShack and Inteq have built an impressive reputation over the years and we’re looking forward working with them to build on that strong foundation as we expand our commitment to those markets.”
GeoShack is an exclusive supplier for Topcon Positioning Systems equipment in Ontario, providing sales, service, and rentals of GPS, lasers, survey equipment, and more for the construction, survey, engineering, and agricultural industries. The company also delivers machine control solutions for all OEM construction and forestry equipment brands.
“The combination of the GeoShack team and Brandt’s national infrastructure is going to be powerful for Ontario customers,” said GeoShack President Scott Beathard, in a statement. “We’ve worked very hard to build strong relationships and a solid operation in the Ontario market over the years and we’re completely confident that Brandt will continue to grow the business and provide unmatched value for clients in that market.”
A separate agreement has been announced with Topcon Positioning Systems Inc. that assigns Brandt distribution rights for the Quebec market and, alongside the GeoShack announcement, will make them the exclusive dealer for Topcon construction and geopositioning products for all of Canada.
The agreement is expected to close on June 26.