Titan Machinery Inc. (NasdaqGS:TITN) entered into an agreement to acquire J.J. O'Connor & Sons Pty. Ltd. for $63 million on August 30, 2023. The transaction will be funded with cash and Titan?s existing credit facility. J.J. O?Connor reported the revenue of $258 million and the EBITDA of $21.4 million for the period ended June 30, 2023. Titan Machinery will retain O?Connors? management team following the integration. The Transaction is subject to customary closing conditions and is expected to close in the fourth quarter of calendar 2023.

Titan Machinery Inc. (NasdaqGS:TITN) completed the acquisition of J.J. O'Connor & Sons Pty. Ltd. on October 2, 2023. Michael Linehan, Jerome Martin, Damien Gardiner, Sacha Fitzpatrick and Michelle Pawluck of Clayton Utz acted as legal advisor to Titan Machinery.