CALGARY, Alberta (November 23, 2018)
- Cervus Equipment Corporation (“Cervus”) (TSX: CERV) today announced the acquisition of Deermart Equipment Sales Ltd. Deermart operates a John Deere dealership in Red Deer, Alberta and will join the Cervus Equipment dealership network as of December 3, 2018.
“We are pleased to welcome the Deermart team to the Cervus organization and look forward to building on the success they established over the past 36 years,” said Graham Drake, President and CEO of Cervus.
Through the expanded footprint of Canada’s largest John Deere network, customers will enjoy unmatched service and support including access to Western Canada’s largest parts inventory and a wide selection of new and pre-owned agricultural equipment.
About Cervus Equipment Corporation
Cervus acquires and operates authorized agricultural, transportation and materials handling equipment dealerships. The Company has interests in 62 dealerships in Canada, New Zealand, and Australia, employing more than 1,500 people. The primary equipment brands represented by Cervus include John Deere agricultural equipment; Peterbilt transportation equipment; and Clark, Sellick, Doosan and JLG material handling equipment.
For more information please contact:
Media - Rob Hughes
Marketing Manager, Cervus Equipment
Phone: (403) 567-2191
Email: [email protected]
Investor Relations - Adam Lowther
CFO, Cervus Equipment
Phone: (403) 567-2104
Email: [email protected]
Forward Looking Information
This press release contains certain forward looking information ("forward looking information") within the meaning of applicable Canadian securities laws. Forward looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "expect", "may", "will", "project", "should" or similar words suggesting future outcomes. Forward looking information is not a guarantee of future performance and involves a number of assumptions and a number of risks and uncertainties some of which are described herein. These risks and uncertainties include the risks identified under the heading "Business Risks and Uncertainties" in the First Quarter 2018 Management Discussion & Analysis of Cervus Equipment Corporation dated May 8, 2018, available electronically at www.sedar.com under Cervus’ profile. Cervus believes the expectations reflected in such forward looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward looking information should not be unduly relied upon. You are cautioned that the preceding list of assumptions and risks is not exhaustive. Any forward looking information is made as of the date hereof and, except as required by law, Cervus assumes no obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.