Caterpillar Acquires John Fabick Tractor Dealer

09:45 AM EST, 11/02/2026 (MT Newswires) -- Caterpillar (CAT) said Monday that it has acquired John Fabick Tractor Company, a dealer with more than 100 years of operations in Missouri, Illinois, Wisconsin, and Michigan's Upper Peninsula. Financial terms of the deal were not disclosed. The agreement was signed in September, and Caterpillar senior vice president Steve Ferguson will become the dealer's new chief executive officer and principal upon closing, the company said. Ferguson joined Caterpillar in 1990 and most recently led its Industrial Power Systems Division, Caterpillar said. Price: 620.00, Change: -2.68, Percent Change: -0.43