Caterpillar To Acquire Cat Dealership John Fabick Tractor
(RTTNews) - Caterpillar Inc. (CAT) announced Tuesday an agreement to acquire John Fabick Tractor Co., a long-standing Cat dealer. The terms of the transaction were not disclosed.
John Fabick Tractor has more than 100 years of trusted service and customer relationships across portions of Missouri, Illinois, the entire state of Wisconsin and the Upper Peninsula of Michigan.
The agreement reflects a customer-focused decision to support a seamless transition of John Fabick Tractor ownership while maintaining the strong service and local support customers know and value today.
The agreement requires approval by regulatory authorities and is subject to other customary closing conditions. The transaction is expected to close within 30 days.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.