Alamo Group acquired Dixie Chopper, a transaction completed in August 2019, structured as asset purchase. The deal was a Asset purchase.
Dixie Chopper operates in Vegetation management / outdoor power, is based in Coatesville, Indiana, USA. Alamo acquired substantially all of the assets of the Dixie Chopper business on August 6, 2019. Dixie Chopper makes a wide range of commercial and high-end residential zero-turn (ZT) mowers.
Alamo said the deal provided a new channel and increased its exposure in the outdoor power-equipment market; Dixie Chopper was consolidated into its Rhino business.
consolidated into Rhino business operations
On August 6, 2019, the Company acquired substantially all of the assets of the Dixie Chopper business. Dixie Chopper manufactures a wide range of commercial and high end residential Zero Turn mowers.Alamo Group Inc. FY2019 10-K, Item 1 Business
Advisory firms were not disclosed for this transaction.