Cervus Equipment Corp (CSQPF)

Description:

Cervus Equipment Corp was incorporated under the Canada Business Corporations Act on January 10, 1980. The Company acquires and manages authorized agricultural, commercial, industrial and transportation equipment dealerships with interests in 55 dealerships located in Western Canada, New Zealand and Australia. The equipment brands represented by the Company include John Deere agricultural equipment; Bobcat and JCB construction equipment; Clark, Sellick, and Doosan material handling equipment; and Peterbilt transportation equipment. It operates in two business segments, an agricultural equipment segment and a commercial and industrial equipment segment. The agricultural equipment segment of the Company's business sells and services new and used agricultural and turf equipment manufactured by John Deere. John Deere agricultural equipment includes a full line of farm equipment and related service parts, including tractors, combine harvesting equipment, tillage, seeding, nutrient management and soil preparation machinery, sprayers, hay and forage equipment, material handling equipment, integrated agricultural systems technology, and precision agricultural irrigation equipment and supplies. The commercial and industrial equipment segment of the Company's business sells and services new and used construction, industrial, and transportation equipment. The Company is subject to a range of environmental laws and regulations, including those governing discharges into the air and water, the storage of petroleum substances and chemicals, the handling and disposal of wastes and the remediation of contamination. The Company faces a number of competitors, including other "in-line" John Deere dealerships and other competitors including authorized Agco, Case, Kubota and New Holland dealerships that may be located in and around communities where its dealerships are located.