The transaction is expected to close before the end of fiscal 2017. Northpoint Commercial Finance, which was founded in 2012, has a portfolio of approximately $1.2 billion (Canadian).
The company began its partnership with the National Radio Hall of Fame inductee in early March with commercials featuring Kingsley as a spokesperson for the brand.
Dave Sugden has had product development responsibilities for 27 years, most recently as director of product design and improvement at Scag Power Equipment.
The equipment comes in compaction forces of 1,850 pounds, 2,500 pounds and 3,000 pounds and is designed for any small- to medium-sized outdoor project.
Sam-Man Kim founded the company with his four brothers in 1947, pioneering Korea’s ag equipment industry. Today, the company's products are in 60 global markets. Kioti Tractor is Daedong's export brand.
Kubota committed $100 million for its new facility in Gainsville, Ga., which frees up space at its company’s operations nearby where utility vehicles were produced. That facility will now manufacture mowers.
The video contest is open to first responders, who will submit videos via the Kioti Facebook page to introduce their organization and why they should win the prize, a MECHRON 2200PS.
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