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Monday, April 21, 2025 at 7:04 AM
Land Loans

Summit Contracting announces completion of purchase agreement with Petersen Ag

PLATTE, S. D. – Summit Contracting, a South Dakota leader in the construction of farm and grain systems, has announced the completed acquisition of Nebraska- based Petersen Ag Systems. Effective Jan. 1, 2024, this marks a substantial expansion of Summit Contracting’s service areas and product lines into Norfolk and Osmond, NE, and Onawa, IA.

PLATTE, S. D. – Summit Contracting, a South Dakota leader in the construction of farm and grain systems, has announced the completed acquisition of Nebraska- based Petersen Ag Systems. Effective Jan. 1, 2024, this marks a substantial expansion of Summit Contracting’s service areas and product lines into Norfolk and Osmond, NE, and Onawa, IA.

Tyler Samuelson, CEO of Summit Contracting, has a deep respect for Petersen Ag Systems’legacy. “We are sincerely grateful for the opportunity to join with Petersen Ag Systems.

Their esteemed reputation, dedication to quality, and customer-oriented approach resonate deeply with our core values at Summit Contracting.

Our united focus is on fostering strong customer relationships, nurturing our team's well-being, and constructing durable, high-quality farm structures that withstand the test of time,” Samuelson states.

Petersen Ag Systems, which holds a rich and respected history dating back to 1937, will undergo a rebranding to embrace its new identity as part of Summit Contracting. This transition represents not just a change in name, but a continuation of a legacy built on service, reliability, and quality.

Henry Aschoff, president of Petersen Ag Systems, shared his confidence in Summit Contracting's ability to honor and elevate the legacy that Petersen Ag Systems has established. “In Summit Contracting, we’ve found a partner that mirrors our commitment to customer satisfaction and exceptional service. Their family- oriented approach promises a bright future for our employees, customers, and the communities we serve,” Aschoff noted.

Since its founding in 2009, Summit Contracting has experienced growth, adding locations in Brookings and Pierre, SD, as well as Seward, NE, and Sioux Center, IA. This expansion further diversifies Summit's product offerings, introducing new capabilities like seed treaters and center-pivot irrigation systems, with a promise to uphold the high standards Petersen Ag Systems’ customers are accustomed to.

“We are devoted to maintaining the high standards of product and service quality that Petersen Ag Systems customers have trusted over the years,” Samuelson added. “We view this acquisition as a privilege, bringing together two families of employees and customers. It’s a step towards new possibilities for our combined workforce, our loyal customers, and our companies.”


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