McCoy Group, Inc. a family-owned company based in Dubuque, IA, is expanding its business base with the purchase of seven John Deere Construction and Forestry stores serving northern Minnesota, northern Wisconsin and the Upper Peninsula of Michigan from Nortrax, Inc. The acquisition is effective immediately.
The company, which will do business as McCoy Construction & Forestry (MCF), has acquired facilities in Escanaba, MI; Merrill, Chippewa Falls and Ashland, WI; and Duluth, Grand Rapids and Bemidji, MN. MCF plans to retain the current 131 Nortrax employees as part of the acquisition.
The McCoy Group’s new construction and forestry division joins a growing organization that is already home to seven subsidiaries, including Midwest-based Freightliner dealerships Truck Country and Stoops, and transportation focused companies, Foodliner, Quest Liner and McCoy NationaLease.
“The acquisition and subsequent formation of McCoy Construction & Forestry has provided our organization with an opportunity to diversify our business into an industry that is similar in many ways,” said Greg McCoy, president and CEO of McCoy Group. “We are proud and excited to be partnering with John Deere, whose brand is one of the strongest in the world for delivering world-class products and services to its customers. It’s also an organization that shares the same McCoy Group values of integrity, honesty, quality, innovation and, above all, commitment to the customer.”
Jeff Herkert, MCF president added, “A constant over the past six decades has been the McCoy Group’s customer-driven philosophy. Customers will see the same commitment to service under the new ownership group. As we look forward to fostering relationships and growing our team, we are excited by the possibilities this new chapter brings for our customers, teammates, John Deere and the entire McCoy Group family.”
“The McCoy family has a remarkable track record with customers and employees dating back all the way to 1958,” said Tim J. Murphy, Nortrax president and CEO. “They are totally committed to growth and investment in their respective businesses for the long term. They bring a proven track record of great financial stability and customer focus, which will enable them to grow and support the John Deere brand in the Michigan, Minnesota and Wisconsin markets.”
Concluded Greg McCoy, “We owe a special thanks to all McCoy Group employees for the great work they do, which has allowed us to be successful and pursue opportunities of this nature. Additionally, we want to both thank and welcome Nortrax’s Midwest group of talented employees into our family. As we move forward as one team, our commitment to our customers and employees is stronger than ever.”