Cervus Equipment Corp. has an agreement to buy Evergreen Equipment Ltd. a John Deere dealership with locations in Alberta.
Evergreen’s dealerships are in Bassano, Brooks, Drumheller and Hanna. The deal is subject to completion of due diligence and regulatory approvals, Cervus said in a release.
Over the last three fiscal years, Evergreen reported average annual gross revenue of more than $87 million.
The price, subject to adjustments, will be paid in a combination of cash and shares with up to $2.2 million paid in common Cervus shares.
