Wade, Inc., one of the Mid-South's growing agricultural equipment companies, is expanding its footprint in the Memphis metropolitan market by acquiring Tractors & Equipment in Hernando.
Wade, Inc. purchased Tractors & Equipment, a longtime John Deere dealer, from Guy and Burke Hendrix. Tractors & Equipment had been a John Deere dealer since 1975. That business was initially headquartered in Holly Springs and moved to Hernando in 1995.
Tractors & Equipment has provided a wide range of John Deere equipment, including tractors, planting and seeding equipment, harvesting machines, turf equipment and gator unity vehicles for the greater Mid-South area.
Jim Wilson is general manager of Wade Inc. in Batesville and now Hernando.
The acquisition will allow Wade, Inc., to grow to 12 locations in the greater Mid-South area.
The Hernando location is new territory to the company, which has its roots in the Mississippi Delta, according to Wilson.
"The dirt-moving business is a new business to us," Wilson said. "We haven't really been in any (big) metropolitan areas. We're used to the row crop market. We diversified several years ago when we took on Pontotoc, Vardaman, Columbus and Grenada."
Lawn care equipment, earth moving equipment and chainsaws are other product lines that the company's expansion will provide.
Wilson said the company's roots date back to 1909.
"We started out in 1909 as Wade Department Store and sold the John Deere plow," Wilson said. "Since then, we've gotten bigger and bigger."
Wilson, a 1979 graduate of Mississippi State University, holds a bachelor's degree in agricultural economics. That year, he began employment with Deere and Company, formerly headquartered in Memphis and now based out of Atlanta.
Wilson worked 13 years for Deere and Company and then began a sprint as a hay baling equipment demonstrator across the Southeast. Wilson went to work for Wade, Inc. in 1991 and has been with the company ever since.
The U.S. Navy veteran said the company will retain the 16 employees at the former Tractors & Equipment location.
Powell Litton, comptroller for Wade, Inc., said company officials are excited about the expansion.
"We are excited at the opportunity to serve the people of Hernando and surrounding area," Litton said. "Tractors & Equipment, Inc. is a well-run operation and the combined potential of these two organizations is a dynamic that we are looking forward to be a part of," added Litton.
Robert Lee Long is Community Editor for the DeSoto Times-Tribune. He may be contacted at firstname.lastname@example.org or at 662-429-6397, Ext. 252.