The LandPro Story
Lakeland Equipment and Z&M Ag and Turf, Western New York’s two John Deere dealers, joined a new partnership with Argonne Capital Group in February 2017.
With 14 dealership locations in Western New York, Eastern Ohio, and North Western Pennsylvania, LandPro Equipment created the largest John Deere turf and agricultural equipment dealer in the Northeast. The combination of the two companies meant great things for customers and its over 300 employees. LandPro Equipment now has more effective buying power with John Deere and its many vendors. This leverage will allow for a larger inventory of new and used equipment, parts available on hand as well as more competitive pricing for LandPro customers.
The combined company will be headquartered in Falconer, NY and managed by Tracy Buck, President of Z&M Ag and Turf.
“We’ve had the pleasure of working with fantastic customers over the years and look forward to continuing that in the future. We’re now selling to the children and grandchildren of people we sold to 30 years ago. Our success is a product of our hard-working employees and the quality of the John Deere product. We are excited about this new partnership and the possibilities it offers our customers and our employees,” said Tracy Buck, the newly appointed President of LandPro Equipment.
Z&M Ag and Turf was established in1963 and was purchased by Tracy Buck, a long-time employee, and John Griffith in 1994. Under their leadership, Z&M expanded several times over the next 20 years. In 2001, Z&M purchased Goodridge Farm Supply in Oakfield, NY and Alexander, NY and also welcomed Tom Kelsey as a partner. Today, Buck and Kelsey own six Z&M Ag and Turf locations in Oakfield, NY, Alexander, NY, Springville, NY, Falconer, NY, Clymer, NY and Edinboro, PA.
Lakeland Equipment was founded in 1983 when Marty Phillippe and Gene Roling purchased the existing John Deere dealership in Wayne County, NY. In 1990, Roling and Phillippe partnered with Bob McNamara and Mike Wilson to open 2 more dealership locations. Together, the former Deere & Company employees grew the company over the next 26 years and now manage stores in Avon, NY, Brockport, NY, Hall, NY, Macedon, NY and Savannah, NY. Phillippe and Wilson are now joined by Andy McNamara and Ryan Payment as managing partners. Bob McNamara retired at the end of 2016.
Argonne Capital is a private investment firm based in Atlanta, Georgia that specializes in partnering with and growing closely-held family businesses. Argonne’s portfolio of companies generates $1.5 billion in annual sales and spans distinctive brands such as IHOP, Applebee’s, On The Border, Krystal, and Planet Fitness.
“We are thrilled to be joining the iconic John Deere system and look forward to our partnership with the best-in-class management teams at Lakeland and Z&M,” commented Layton Grisette, Principal at Argonne Capital Group. “We believe that the combination of these two great companies, when coupled with the financial support of Argonne Capital, will enable LandPro Equipment to provide unmatched sales and service to its customers.”
In June 2018 LandPro continued its growth with the acquisition of Elder Ag and Turf Equipment.
Elder’s was established in 1952 by Harry M. Elder, Sr. as a Minneapolis Moline and Oliver Tractor dealer. The business grew into a three generation, three location business providing equipment, parts and service for agricultural, commercial, and homeowners in PA, OH and surrounding states.
The acquisition of Elder Equipment solidifies LandPro as the largest John Deere dealer in the North East with 14 locations in New York, Pennsylvania, and Ohio.
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