A.C. McCartney (ACM), founded in 1950, is a leading dealership group primarily selling and servicing AGCO farm equipment. The company has five locations throughout Illinois that include Durand, Wataga, Carthage, Mt. Sterling and Fulton. ACM is known as an industry leader — attention to detail and the fundamentals of customer service have helped ACM have a lasting impression on the market as well as grow to service over 34 counties in Illinois, Wisconsin and Iowa. A.C. McCartney has followed founder Allen McCartney’s motto of, “Take care of the customer, and you will be successful.”
Parallel Ag was established January 1, 2023, after Ag Solutions Group and Livingston Machinery merged and unified under the new name of Parallel Ag. Parallel Ag currently operates 12 stores across both the Midwest and Southern Plains regions and is known for both its extensive knowledge of fertilizer and chemical application, as well as large commercial agriculture equipment with a focus on hay and high- horsepower tractors. In the Midwest, Parallel Ag is known for its extensive knowledge of fertilizer and chemical application equipment.
The merger of these two companies will provide more resources and territory to the loyal customers of both of these long-tenured dealership groups.
Details of the sale, completed on May 31, 2024, are confidential.
Wipfli Corporate Finance Advisors, LLC acted as exclusive financial advisor to A.C. McCartney in connection with the merger. Reno & Zahm LLP served as legal counsel.