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Royal Reesink, a Dutch farm equipment distributor, bought a controlling stake in Hepson Equipment and entered a partnership with the Kehler family, owners of GenAg, both Manitoba Claas dealerships.
Triton Partners reached an agreement to acquire a majority stake in Royal Reesink, an equipment distribution and aftermarket services platform, from Gilde Buy Out Partners, Teslin and Navitas Capital. The transaction is expected to close in H2 2019.
Royal Reesink B.V. purchased a majority share of Tingley's Harvest Center, a full-service Claas dealership with three locations in Saskatchewan and Alberta, Canada. Shane Tingley and Claas will remain minority shareholders.