About Titan Machinery
Titan Machinery is a company based in West Fargo (United States) founded in 1980.. The company has 3,650 employees as of January 31, 2024. Titan Machinery has completed 5 acquisitions, including Farmers Implement and Irrigation, Heartland AG Systems and Midwest Truck Parts. Titan Machinery offers products and services including Agriculture Equipment, Construction Equipment, Equipment Parts, Equipment Rentals, and Financing Services.
- Headquarter West Fargo, United States
- Employees 3650 as on 31 Jan, 2024
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Titan Machinery Inc.
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Annual Revenue
$2.7 B-2.04as on Jan 31, 2025
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Net Profit
$-36.91 M-133.28as on Jan 31, 2025
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EBITDA
$44.45 M-77.93as on Jan 31, 2025
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Latest Funding Round
$225 M (USD), Debt – Conventional
Apr 06, 2020
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Investors
Bank of America
& 4 more
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Employee Count
3650
as on Jan 31, 2024
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Investments & Acquisitions
Farmers Implement and Irrigation
& 4 more
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IPO & Listings of Titan Machinery
Titan Machinery is a publicly listed company on the NASDAQ with ticker symbol TITN in USA, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Titan Machinery
Titan Machinery offers a comprehensive portfolio of products and services, including Agriculture Equipment, Construction Equipment, Equipment Parts, Equipment Rentals, and Financing Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Sales and service of machinery for crop and livestock operations
Equipment for earthmoving and construction projects
Replacement parts for maintaining machinery
Short-term access to machinery for various applications
Options for purchasing or leasing equipment
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Funding Insights of Titan Machinery
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $225.0M
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First Round
First Round
(06 Apr 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Debt – Conventional - Titan Machinery | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Titan Machinery
Titan Machinery has secured backing from 5 investors, including institutional investors. Prominent investors backing the company include Bank of America, Wells Fargo and Bremer Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diverse financial services and online banking are provided to clients.
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Founded Year | Domain | Location | |
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Commercial banking and asset management services are offered worldwide.
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Founded Year | Domain | Location | |
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Cooperative bank offering loans and financial services to rural agribusiness and infrastructure.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Titan Machinery
Titan Machinery has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Farmers Implement and Irrigation, Heartland AG Systems and Midwest Truck Parts. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Crop water sprayers and floaters are manufactured for agricultural applications.
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2019 | ||||
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Provider of truck parts and repair services
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1980 | ||||
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Distributes new and used farm machinery and manage equipment inventory
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1976 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Titan Machinery
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Titan Machinery Comparisons
Competitors of Titan Machinery
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Titan Machinery
Frequently Asked Questions about Titan Machinery
When was Titan Machinery founded?
Titan Machinery was founded in 1980 and raised its 1st funding round 40 years after it was founded.
Where is Titan Machinery located?
Titan Machinery is headquartered in West Fargo, United States. It is registered at West Fargo, North Dakota, United States.
Who is the current CEO of Titan Machinery?
David Meyer is the current CEO of Titan Machinery.
How many employees does Titan Machinery have?
As of Jan 31, 2024, the latest employee count at Titan Machinery is 3,650.
What is the annual revenue of Titan Machinery?
Annual revenue of Titan Machinery is $2.7B as on Jan 31, 2025.
What does Titan Machinery do?
Titan Machinery was founded in 1980 and is headquartered in West Fargo, United States. Precision components are produced by the company for multiple industrial sectors, including machinery and equipment applications. Operations encompass design, fabrication, and quality control processes to meet client specifications. The firm serves domestic and international markets through its domain, titanmachinery.com, with David Meyer serving as CEO.
What products or services does Titan Machinery offer?
Titan Machinery offers Agriculture Equipment, Construction Equipment, Equipment Parts, Equipment Rentals, and Financing Services.
Is Titan Machinery publicly traded?
Yes, Titan Machinery is publicly traded on NASDAQ under the ticker symbol TITN.
How many acquisitions has Titan Machinery made?
Titan Machinery has made 5 acquisitions, including Farmers Implement and Irrigation, Heartland AG Systems, and Midwest Truck Parts.
Who are Titan Machinery's investors?
Titan Machinery has 5 investors. Key investors include Bank of America, Wells Fargo, Bremer Bank, Bank of the West, and CoBank.
What is Titan Machinery's ticker symbol?
The ticker symbol of Titan Machinery is TITN on NASDAQ.