Farm equipment manufacturer Double L has reached a definitive agreement to be acquired by a group of Idaho investors. The investors include Teton Management Group, Pickett Equipment and the Idaho Legacy Fund, all headquartered in Idaho and led by individuals experienced in the agriculture industry. The deal will enable Double L to accelerate product offerings, expand support for customers and enter a new era of leadership in the farm equipment industry, according to the company.
Newly appointed Double L CEO, Jeff Sayer, is the former Idaho Secretary of Commerce and managing member of Idaho Legacy Fund. Double L’s former CEO, Chris Hunsaker, will assume the new role of chief business development officer.
