IRVINE, CALIF. — Performance Brokerage Services (PBS) today announced the acquisition of Clark Tractor and Supply from the Clark Family to Tellus Equipment.
Clark Tractor and Supply is family-owned and has been operated since 1963. The company was founded in De Leon, Texas, and moved to its Comanche location in 1972. Clark Tractor sells John Deere agricultural and consumer equipment along with compact construction equipment.
Tellus Equipment, a family-owned company, is one of the largest John Deere dealers in North America. Headquartered in Katy, Texas, Tellus operates 24 full-service dealerships, with more than 400 employees.
The acquisition expands Tellus Equipment’s footprint to 24 stores, while advancing the company’s growth plans in Texas.
Jeff Donaldson, CEO of Tellus Equipment, said, “We are honored to be able to bring the Clark employees, customers, and locations into the Tellus family of dealerships. With a rich history of providing excellent support to their customers and being an integral part of the communities, we are excited to carry on that tradition.”
The dealerships will remain at their current locations at 11150 Highway 36 in Comanche and 509 West Navarro in De Leon.
Since 2017, PBS has overseen sales of over 250 dealerships, becoming the highest volume dealership brokerage firm in North America. In 2021, the company completed a record-breaking 72 transactions. Patrick Albero, the exclusive agent for this transaction and head of the Equipment Division for Performance Brokerage Services said:
“It was an honor to work with the Clark Family on the sale of Clark Tractor. After Dan Argiro and I visited the family in Texas, we made it our mission to find a John Deere qualified buyer that could carry on the Clark Tractor legacy. Within 45 days, we identified Jeff Donaldson of Tellus. Throughout the process, Jeff proved to be a fair and honorable buyer. Jeff has an unwavering passion for John Deere, and Tellus plans to remain a staple in the De Leon and Comanche communities for years to come. I would like to personally thank the Clark Family for entrusting us to sell their family-owned dealership after 59 years in business”.
Source : Farm Equipment