Caterpillar Acquires Fabick Cat Dealership Serving Wisconsin and Parts of Michigan, Missouri and Illinois
The dealer operates 37 locations; Caterpillar Senior Vice President Steve Ferguson becomes its CEO and dealer principal.
Source: Caterpillar ↗
Caterpillar announced Nov. 2 that it has acquired John Fabick Tractor Co., the Cat dealer for portions of Missouri and Illinois, the entire state of Wisconsin and the Upper Peninsula of Michigan. Fabick has more than 100 years of service in the region and operates 37 locations across its territory.
Caterpillar agreed to acquire the dealer in September. The company said 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.”
“Fabick customers have come to expect outstanding service and support, and completion of this acquisition ensures that commitment will continue,” said Caterpillar Chairman and CEO Joe Creed.
New Leadership
Upon closing, Caterpillar Senior Vice President Steve Ferguson was appointed CEO and dealer principal of Fabick. Ferguson joined Caterpillar in 1990 and has held roles in mining, power and energy, finance and operations. He most recently was senior vice president of the Industrial Power Systems Division. “I look forward to building on that momentum as we begin this next chapter,” Ferguson said, adding that he will work to support customers and employees and carry Fabick’s legacy forward.
What Fabick Sells
Fabick supplies Cat machines used to maintain infrastructure and support farmers, along with aerial lifts and emergency power generation, according to Caterpillar. The release does not give a purchase price or say whether the Fabick name will change.
Editor’s note: This industry update was provided by the supplier or source and has not been independently verified by Modern Public Fleet. How we handle supplier announcements
