Caterpillar completes acquisition of Fabick Cat dealership and names Steve Ferguson CEO
Caterpillar Inc. closed its purchase of John Fabick Tractor Company, a century‑old Cat dealer operating 37 locations in Missouri, Illinois, Wisconsin and Michigan’s Upper Peninsula. The deal, first announced in September 2026, places the dealer under Caterpillar ownership and appoints senior vice president Steve Ferguson as CEO and dealer principal. The company reported $67.6 billion in sales for 2025.
Why it matters
Caterpillar said the acquisition strengthens its North American distribution network and ensures continuity of service for Fabick customers. The transaction may improve Caterpillar’s direct access to key Midwestern equipment markets.
Key facts
- 1Caterpillar completed the acquisition of John Fabick Tractor Company on November 2, 2026. prnewswire.com
- 2The acquisition had been announced in September 2026. prnewswire.com
- 3Fabick operates 37 locations across portions of Missouri, Illinois, Wisconsin and Michigan’s Upper Peninsula. prnewswire.com
- 4Steve Ferguson, Caterpillar senior vice president, was appointed CEO and dealer principal of Fabick. prnewswire.com
- 5Caterpillar reported $67.6 billion in sales and revenues for 2025. prnewswire.com
- 6Caterpillar shares were up 0.17% at $623.76 on the NYSE following the announcement. rttnews.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.