John Deere is selling a majority share of its landscape distribution business to private equity investment firm Clayton, Dubilier & Rice for about $300 million, according to reports.
The transaction will allow Deere to keep a 40% equity interest in the new company while focusing on turf, forestry and other industries, according to James Field, president of Deere's Worldwide Agriculture & Turf Division. Meanwhile, "Deere's ongoing equity ownership reflects its interest in remaining part of a successful landscapes distribution business," said David Werning, who will remain as John Deere Landscapes president after the deal.
Latest from Pest Control Technology
- TAP Showcases Unique EPA-Registered Insulation Solution
- Atticus' Growing Pest Management Product Portfolio
- Bobby Jenkins Named the 2025 Crown Lifetime Achievement Award Recipient
- Abell Pest Control Marks Five Years of ‘12 Days of Giving’
- Built-by-Owner Home? Look for Surprises
- The Pest Rangers Acquires O.C.E. Pest & Termite Control
- The Professional Pest Management Alliance Expands Investor Network
- Big Blue Bug Solutions’ Holiday Lighting Event Sets New Viewership Record
