Cervus Equipment with six John Deere dealer yards already operating across Victoria has signed an agreement to purchase the John Deere dealership owned by JB Scott Pty Ltd in North Geelong Vic. Subject to due diligence and other conditions it is expected the deal will settle on 30 September 2020.
J.B. Scott was one of the few single yard John Deere dealerships still operating, as Deere has favoured multiple dealer yards to form its operation for more than 10 years now. This acquisition will give Cervus Equipment it’s seventh location in Victoria.
Cervus Equipment plans to relocate the former JB Scott dealership to 345 Princes Highway in Colac Victoria, with a grand opening planned for November 2020. There will be a hiatus from the purchase date to the opening the Colac location, and for that period Cervus Equipment will provide support to the JB Scott customer base from its existing locations.
“We are excited to bring John Deere to Colac Vic and increase our dealership network across Victoria. A John Deere presence in Colac has been absent for too long and we look forward to establishing ourselves within the Colac community,” said Tim Ormrod, managing director for Cervus Australia.