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FAR WEST EQUIPMENT DEALERS ASSN TO MERGE WITH ASSOCIATED EQUIPMENT DISTRIBUTORS
Jun. 19, 2023
Farm Equipment magazine reports:
The board of directors for the Far West Equipment Dealers Assn. (FWEDA) has ratified a membership vote to merge with Associated Equipment Distributors (AED). AED is made up of construction, agriculture, mining, forestry, power generation and municipal equipment dealers. The merger is expected to be finalized by the end of August, FWEDA said. Joani Woelfel, president and CEO of FWEDA, said that FWEDA will be dissolved as it merges with AED.
Merger talks with AED began last year after FWEDA rejected a merger with another industry association, Woelfel said. "Far West board members took several things into consideration when choosing AED," Woelfel added. "AED provides optimal benefits and resources for our members and the brightest outlook for the future."
Benefits to FWEDA members from the merger include access to AED benchmarking reports, employee education, seminars, technical assessments and legal call counsel. Woelfel added that the AED will be better able to serve FWEDA members of varying sizes.
"The consolidation of dealerships has changed the equipment industry landscape over the last few years," she said, adding that many smaller dealerships have consolidated into larger ones. "We have a lot of single-store dealerships, but our larger dealerships have 15 or 20 locations. What associations provide to dealers is very different based on your size. And that's been one of the biggest challenges for the regional associations I see -- that the needs of larger dealers are very different than the needs of smaller dealers."
To read the entire report click here.
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