Westcap Invests In Key Agricultural Equipment Dealer

Feb 19, 2021

Westcap Management Ltd is investing in Rocky Mountain Equipment, Canada's largest Case New Holland dealer on the Prairies.

RME has 36 branch locations across Alberta, Saskatchewan and Manitoba and reported $1 billion in annual revenue in 2018.

The go-private transaction by RME received approval from the Board of Directors, shareholders, the Competition Bureau of Canada, as well as Case New Holland.

The Westcap transaction was completed in syndication with Westcap MBO II Investment LP and Golden Opportunities Fund Inc.

Grant J. Kook, President and CEO of Westcap says Agriculture continues to be an important sector for our funds under management as the industry remains critical to the global economy.

"Canadian farmers are tapping new markets for their products and there is an increased positive farm sentiment from rebounding crop prices and a strong 2020 harvest."

President and CEO of Rocky Mountain Equipment, Garrett Ganden says they are excited to have Westcap as their financial and strategic partner of choice given their broad network and reputation throughout the Prairies.

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Step into the field for a full day of spring fieldwork as this farm plants corn using classic Allis-Chalmers power near Arcanum, Ohio. In this video, the farm is working ground with an Allis-Chalmers 8050 pulling a Salford field cultivator and Brillion Culti-Packer to prepare the seedbed. Right behind, an Allis-Chalmers 7020 handles planting duties with a 12-row White planter, putting this year’s corn crop in the ground. You’ll see a mix of aerial drone footage and ground-level views capturing all the action, along with a voiceover that dives into the history and legacy of these two Allis-Chalmers tractors. It’s a great look at how reliable, older equipment is still getting the job done during spring planting season. If you enjoy classic farm equipment, corn planting, and real-world field action, this one is for you.