Ames, IA (PRWEB) May 02, 2012
To integrate water management into its expanding precision farming portfolio, Ag Leader has acquired Soil-Max™, manufacturer of the market-leading Gold Digger™ tile plow, and the assets of Gradient, Inc., a related company which revolutionized the control of tile plows with the Intellislope™ GPS-based control system. These products allow growers and tiling contractors to solve water management challenges very cost effectively by greatly reducing the technical knowledge, labor and time required to install tile.
The acquisition allows Ag Leader to establish a significant footprint into the fast-growing precision water management market, and will serve as a base for developing additional products for other water management tasks such as land leveling, waterway grading, ditching and levee building.
“This is a great opportunity for Ag Leader to make a bold step into an increasingly important part of the precision farming industry,” said Al Myers, founder and President of Ag Leader Technology. “Water management is a very important part of any precision farming plan. Gold Digger tile plows and the Intellislope control system have been the market-leading products in this segment for many years and we’re thrilled to add these products to our product line.” Soil-Max will operate as an independent subsidiary of Ag Leader under the Soil-Max name, continuing to manufacture Gold Digger tile plows from its current locations in Brazil, Ind. and Sioux Falls, S.D. It will maintain its current dealer distribution system – which will be enhanced by the addition of select Ag Leader dealers.
The Intellislope control system will be transitioned to operate on Ag Leader displays in 2012. Intellislope will continue to be available from Soil-Max on Gold Digger plows, and will be available from either Soil-Max or Ag Leader for use on other brands of tile plows. Ag Leader’s market-leading SMS desktop software will be enhanced to include water management design and documentation functions.
“Ag Leader is the perfect home for Gradient’s Intellislope and will provide farmers the total solution for a Soil-Max Gold Digger tile plow and other precision farming needs,” said Denny Bell, founder and President of both Soil-Max and Gradient. “We want the next generation of Intellislope to be in a cab display with more functionality and uses and Ag Leader is the technology leader in that field. We have long known that the limiting factor to farmers doing their own tiling is the confidence in doing a great job, easily. Intellislope’s ease-of-use combined with Ag Leader’s dealer and end-user support will make it really easy for a farmer to get off to a good start doing their own tiling.”
Generational Capital Markets, Inc., Member FINRA/SIPC, (GCM), a Dallas based Mergers & Acquisitions firm, represented Soil-Max and Gradient with the transaction. Mr. Jim Korreck, Managing Director of GCM said “As M&A professionals, this is the kind of deal you can appreciate - two firms, each leaders in their respective niches and each sharing a common commitment to their customers, joining together to enhance and broaden their product offerings for the benefit of their common customers.” Mr. Brenen Hofstadter, President of GCM added “We specialize in companies that have created lucrative and defendable market niches like Soil-Max and Gradient. It was gratifying to identify the optimal acquirer, and help our client navigate the complex process to a successful completion.”
About Ag Leader
Ag Leader Technology, Inc. is a pioneer and recognized technology innovator of precision agriculture hardware and software. Located in Ames, Iowa, USA, the company manufactures and markets industry leading precision farming technology designed to help growers make smart, profitable business decisions. Founded in 1992, the company has achieved consistent growth and expansion by providing value-based products that help growers and agricultural professionals achieve and maintain a successful, profitable operation.
For more information visit: http://www.agleader.com, http://www.soilmax.com and http://www.intellislope.com