Memphis-based family investment firm Dobbs Management Service paid more than $2.73 million last week to enter the Orlando market, buying the property of a competitor in the construction equipment field as part of a seven-site portfolio deal in Florida.
A Dobbs affiliate bought full-service John Deere Construction and Forestry stores owned and operated by John Deere affiliate Nortrax in Lutz (Tampa), Orlando, Miami, Fort Myers and West Palm Beach, along with parts-only stores in Pompano and Riverview.
Learn about this new service provider to the commercial construction sector, and the local metals distributor that sold its home and is seeking a new one.
By Mike Salinero
May 18, 2017 at 4:57 PM
Nortrax operates Deere construction and forestry dealerships across the United States and Canada, and will continue to be headquartered in Tampa.
The Dobbs family invests in various business-to-business services, distribution and healthcare, with its most prominent holdings in restaurants, Peterbilt truck dealerships and aftermarket parts supply, and other heavy-duty commercial vehicle sale and parts supply companies.