Mills Fleet Farm, which has Minnesota roots dating back to 1922, could soon be sold.
The Duluth News Tribune reports the Brainerd-based supply business confirmed Wednesday it's looking for potential buyers.
Stewart Mills III told the paper they can't grow the company as fast and as big as they want without outside financial investments, so "For the long term, this is what is right for the business, this is what is right for our employees."
Employees were told last Friday, according to the News Tribune.
Mills Fleet Farm is headquartered at the Lively Auto Company building in Brainerd – the same building Stewart C. Mills Sr. bought back in 1922 when he founded Mills Companies, the website says. (It's also based out of Appleton, Wisconsin, news releases note.)
Since then, it has grown from the auto garage to a collection of farm supply stores across the Midwest. Fleet Wholesale Supply opened in 1955 – the name Mills Fleet Farm became official in 1960. There are now 35 locations across Minnesota, Wisconsin, Iowa and North Dakota.
In July the company announced it was prepping to build a new location in Hermantown. Construction is expected to be finished in mid- to late-2016.