Caterpillar Inc. announced an agreement to acquire John Fabick Tractor Company. Fabick Tractor Company has operated as a Cat dealer for over 100 years.
The acquisition includes Fabick's territories in parts of Missouri and Illinois, all of Wisconsin, and Michigan's Upper Peninsula. Fabick Cat operates 37 locations across its multi-state territory.
Caterpillar states the deal aims to ensure a smooth ownership transition and strengthen regional service and support. The transaction requires regulatory approval. Caterpillar expects to finalize the deal within 30 days.