Recent Asset Acquisition Smith Implements Inc was acquired by Koenig Equipment, Inc. at the end of October 2017, indicating an opportunity to offer aftermarket parts, servicing, and upgrade solutions to the new parent company and integrate into their equipment portfolio.

Market Entry Potential With a revenue range below 1 million dollars and a small employee base, Smith Implements presents a growth opportunity for targeted sales of customized farming equipment and technology solutions to expand their operational capacity.

Industry Alignment Operating in the farming industry alongside major competitors like John Deere and Kubota suggests potential for supplying advanced farming machinery, maintenance services, and precision agriculture tools to support modern farming practices.

Geographic Focus Located in Richmond, Indiana, there is an opportunity to tailor sales strategies for regional farming needs and collaborate with local agricultural cooperatives and distributors to increase market penetration.

Customer Profile Given their small size, Smith Implements likely serves local or regional farms, creating opportunities to offer cost-effective, scalable technology solutions and equipment upgrades tailored to small and midsize farming operations.