Livingston Machinery Partnership Announcement with Ag Solutions Group

Livingston Machinery partnership announcement with Ag solutions Group

Livingston Machinery Company announced today that the Company has signed a Letter of Intent (“LOI”) to partner with Ag Solutions Group.

With four locations, Livingston Machinery sells, services, and maintains primarily AGCO products. Livingston Machinery was founded in 1987 and became an employee-owned company in 2008. Livingston Machinery is one of AGCO’s top dealers in the nation, winning AGCO’s 5 Star Dealer Award 5 times for Dealer Excellence.

Ag Solutions Group, headquartered in Des Moines, Iowa, will buy out Livingston Machinery’s existing Employee Stock Ownership Plan (ESOP) and fund Livingston Machinery’s growth and expansion plans. As Livingston Machinery looks to grow and open new locations, the Company also secures the long-term future of the Company with increased financial strength and resources to meet the needs of its growing customer base and broader geographic region.

With this new partnership, Livingston Machinery’s management and staff are all staying with the Company, committed to serving their customers with their parts, sales, and service needs. All else stays the same: key relationships, sales staff, technicians, and all contact information stays the same in this new partnership. Livingston Machinery’s daily operations will continue just as customers have come to expect. Livingston Machinery’s commitment to 24/7 parts and service will continue and customers can soon anticipate quicker response times from added team members and additional locations.

Shawn Skaggs, President/CEO of Livingston Machinery Company, said:

“We expect this new partnership to greatly expand our capabilities in servicing our valued customers and partners in agriculture. Our plans to establish new facilities and develop better resources will further improve the experience that our customers have come to expect. It’s an exciting time for all of us and we look forward to growing together with our new partners.”

With over 110 employees serving farmers across Oklahoma, Texas, Kansas, New Mexico, and Colorado, the goal will continue to be exceptional customer service. Ag Solutions Group’s interest in the company stems from Livingston Machinery’s growth potential and customer-driven culture that the Livingston Machinery team has established. The target date to finalize the acquisition of Livingston Machinery’s Employee Stock Ownership Plan is December 31st, 2020.

Once the partnership is finalized, the new capital investment in Livingston Machinery will focus on expansion, improving facilities, and broadening the reach of personnel to better serve the company’s wide-spread customers.

Source: Livingston Machinery