21st Century Equipment acquires Frank Implement Co.

SCOTTSBLUFF, Neb. – 21st Century Equipment and Frank Implement Company have jointly announced the acquisition of Frank Implement’s John Deere dealerships by 21st Century Equipment. This transaction is expected to be complete in early 2015.

Frank Implement Co. is a third-generation John Deere dealership established in 1957, with locations in Scottsbluff, Nebraska and Torrington, Wyo. Both locations will become part of the 21st Century Equipment family of John Deere dealerships. As a part of this transaction, Bryan Frank will acquire an ownership interest in 21st Century Equipment, thus continuing his family’s long association with John Deere. Bryan will not be involved in the daily operations.

“This is a very exciting development for our company and our customers,” said Owen Palm, CEO of 21st Century Equipment, which has its corporate offices in Scottsbluff. “We appreciate the legacy that the Frank family has created, and we look forward to working with the many talented Frank Implement Company staff members. We value their unwavering dedication to service and their commitment to agriculture. We look forward to continuing the tradition the Frank Implement Company has established over the past 50-plus years.”

Bryan Frank, the president of Frank Implement Co., takes great pride in his family’s service to the area over the past five decades. “Our dealership greatly values our relationship with area Ag producers and we want to thank them for their loyalty over the years.” Frank said. “21st Century Equipment has a great reputation for customer support along with a high level of leadership in precision technology, financial services and water management. Because of this, we see tremendous opportunities for both our customers and our employees.”

This acquisition also includes the leasing company, Panhandle Acceptance Co. This agricultural financial enterprise, owned by Frank Implement Co., handles financial products across the region.

In addition to the new Scottsbluff and Torrington dealerships, 21st Century Equipment has Colorado locations in Holyoke, Sterling, Burlington, Yuma, Wray, Akron, Cheyenne Wells, Flagler and Fort Morgan. The company has Nebraska stores in Alliance, Bridgeport, Gordon, Imperial, Ogallala, and Sidney.