Great Plains Manufacturing has been sold to Kubota Corporation
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Great Plains Manufacturing, Inc. (“Great Plains” or the “Company”) entered into an agreement to be sold to Kubota U.S.A., Inc., a subsidiary of Kubota Corporation (TSE:6326) of Osaka, Japan. This represents Lincoln’s second successful agricultural equipment transaction for 2016.
Founded in 1976 and headquartered in Salina, Kansas, Great Plains is a leading manufacturer of agricultural implements for tillage, seeding, planting, commercial landscaping and turf maintenance in North America. The Company is known for its leading brands, highly engineered agricultural implements and innovative product offerings. Great Plains employs over 1,400 people in eight Kansas communities and Sleaford, England, and encompasses five divisions: Great Plains Ag, which manufactures seedbed preparation, nutrient application and seed placement equipment; Land Pride, which manufactures grounds maintenance tools such as mowers, rototillers, rotary cutters and dirt-working equipment; Great Plains International, which sells the Company’s products worldwide; Great Plains Trucking, which operates a nationwide fleet of flatbed trucks; and Great Plains Acceptance Corporation, which finances purchases of the Company’s products.
Lincoln acted as the exclusive financial advisor for Great Plains, working closely with the Company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, negotiation and due diligence phases of the transaction.
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