FOR IMMEDIATE RELEASE
CHICKASHA, OKLAHOMA – On April 9, 2021, Livingston Machinery Company, a leading agricultural equipment dealership in Oklahoma and Texas, was acquired by Ag Solutions Group of Des Moines, Iowa. The transaction was finalized after a Letter of Intent was signed and announced in October 2020.
Ag Solutions Group (www.agsolutionsgroup.com) acquired the stock of Livingston Machinery’s former Employee Stock Ownership Plan (ESOP) and will fund new growth and expansion plans. Currently with four locations, Livingston Machinery (www.staging.parallelag.com) sells, services and maintains AGCO products and several other lines of equipment throughout Oklahoma, Texas, New Mexico, Colorado and Kansas.
“We are very excited to bring new partners into the business. They not only bring the capital needed for expansion but also bring with them experience and knowledge in the equipment business , the understanding of groups with an ag background, and a wealth of great people and resources,” said Shawn Skaggs, President/CEO of Livingston Machinery Company. “We are proud to be a part of the Ag Solutions Family and to welcome them into ours. The shared resources of the two networks will help us both to better serve our customers and provide the stability needed for growth. This new partnership allows us to stay rooted in the culture that helped get us to where we are now while also providing a clear path to the future.”
Livingston Machinery’s ESOP was established in 2008 and while the program will dissolve, first-class benefits and support to the 115+ employees will remain a priority for both Livingston Machinery and Ag Solutions Group. Additionally, the company looks forward to providing new opportunities to team members through growth, expansion and development in the coming years.
With a 24/7 parts and service promise to customers since Livingston Machinery opened in 1987, the acquisition by Ag Solutions Group will only enhance the company’s ability to provide quality customer service. There will be no disruption or delays in product availability or services offered during the change in ownership. Much else will remain the same: key relationships, sales staff, technicians and all contact information will be unchanged and daily operations will continue just as customers have come to expect from Livingston Machinery.
It is with the support of AGCO and other manufacturing partners, and the benefits of employees and customers in mind that Livingston Machinery entered into the Letter of Intent with Ag Solutions Group in October 2020. The company was represented by ClearRidge of Oklahoma City as their investment banker throughout the search for partners and transaction phase.
About Livingston Machinery Company
Livingston Machinery is a family of success-driven ag professionals, seeded in service and cultivated in relationships, helping innovative farmers feed the world by delivering a first-class experience, 24/7. We have proudly served the agriculture industry for more than 30 years with quality parts, service and farm equipment throughout Oklahoma, Texas, New Mexico, Kansas and Colorado with our four locations in Chickasha, OK, Fairview, OK, Dalhart, TX and Muleshoe, TX. Visit us online at www.staging.parallelag.com for more information.
About Ag Solutions Group
Ag Solutions Group is an agricultural equipment distributor that specializes in fertilizer application, planting, and precision ag products. It carries a wide range of new and used equipment from multiple manufacturers. With locations covering 6 states, Ag Solutions Group provides equipment, parts, service and support for farmers and co-ops as well as for the construction industry. For more information, visit www.agsolutionsgroup.com.