Caterpillar Inc. announced on November 2, 2026, that it has completed the acquisition of John Fabick Tractor Company, a Cat dealer operating across portions of Missouri, Illinois, Wisconsin, and the Upper Peninsula of Michigan.

Key Highlights

  • Acquisition completed: Caterpillar has acquired John Fabick Tractor Company, a dealer with more than 100 years of service history.
  • Agreement origin: According to the filing, Caterpillar entered into the agreement to acquire Fabick in September.
  • New leadership appointed: Caterpillar Senior Vice President Steve Ferguson has been named CEO and Dealer Principal of Fabick upon closing.
  • Ferguson's background: Steve Ferguson joined Caterpillar in 1990 and most recently served as senior vice president of the Industrial Power Systems Division.
  • Geographic footprint: Fabick Cat operates in 37 locations across portions of Missouri, Illinois, the entire state of Wisconsin, and the Upper Peninsula of Michigan.
  • Rationale stated: The company disclosed the acquisition "reflects a customer-focused decision to support a seamless transition of Fabick ownership while maintaining the strong service and local support customers know and value today."

Caterpillar Closes Fabick Dealer Acquisition, Installs New CEO

Caterpillar Inc. (NYSE:CAT), headquartered in Irving, Texas, disclosed on November 2, 2026, that it has completed its acquisition of John Fabick Tractor Company, known commercially as Fabick Cat. According to the filing, the original agreement was reached in September, and the acquisition has now closed. Fabick Cat has operated as an authorized Cat dealer for more than 100 years, serving customers across portions of Missouri, Illinois, the entire state of Wisconsin, and the Upper Peninsula of Michigan through 37 locations.

Caterpillar Chairman and CEO Joe Creed stated in the filing: "Fabick customers have come to expect outstanding service and support, and completion of this acquisition ensures that commitment will continue." The company described the transaction as a customer-focused measure designed to ensure continuity of service following a transition of Fabick ownership.

Upon closing, Steve Ferguson was appointed CEO and Dealer Principal of Fabick. The filing notes Ferguson joined Caterpillar in 1990 and has held roles spanning mining, power and energy, finance, and operations. He most recently served as senior vice president of the Industrial Power Systems Division. Ferguson was quoted in the filing saying he looks forward to "working together to support our customers, create opportunities for our employees and carry Fabick's proud legacy forward." The filing separately noted that Caterpillar reported 2025 sales and revenues of $67.6 billion.

What Was Disclosed

Caterpillar disclosed the completed acquisition of John Fabick Tractor Company, a long-standing Cat dealer covering 37 locations across four states and the Upper Peninsula of Michigan, and announced the appointment of Steve Ferguson as the incoming CEO and Dealer Principal of Fabick.