The Brandt Group of Companies is about to make the largest single expansion in the company’s history as it works through final steps to acquire the Calgary-based equipment corporation Cervus.

“It’s going to add about another $1.2 billion in sales … and we’re going to gain another 64 branches including branches in … Australia and New Zealand,” Brandt owner and CEO Shaun Semple said in an interview Tuesday.

The deal will result in three new business units, including one focused on agriculture with John Deere agricultural dealerships and one on transportation with Peterbilt Motors Company.

According to Semple, Brandt Tractor Ltd. and Cervus Equipment Corporation have agreed on the purchase price which has the support of Cervus’ board of directors, director and management as well as its largest shareholder and founder, and its two main suppliers — John Deere and Peterbilt.

Semple says stockholders are getting a “very good price” at a $19.50 per share — a 37-per-cent increased value over what the stock is trading at on the 20-day average on the Toronto Stock Exchange.

“It has to go to a shareholders vote yet,” said Semple. “It should close around the middle of October providing that two-thirds of the shareholders vote for it.”

Semple noted that between himself and the founding shareholder, they together currently own about 30 per cent of the company’s stock.

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