Caterpillar to Acquire John Fabick Tractor Company Amid Strong Sales Growth
Caterpillar Inc., a leading manufacturer of machinery and power systems, has agreed to acquire John Fabick Tractor Company, a Cat dealer serving parts of Missouri and Illinois. The deal is expected to close within 30 days after receiving regulatory approval.
The acquisition will give Caterpillar direct control over a dealer with more than 100 years of customer relationships, expanding its aftermarket strategy through independently owned dealerships.
Caterpillar's second-quarter sales and revenues rose 24.00 percent year-over-year to USD 20.50 billion, with an adjusted profit per share increase of 73.00 percent to USD 8.17. The company has raised its full-year 2026 sales and revenue outlook to mid-to-high-teens growth.
MarketBeat reported that the average 12-month analyst target for Caterpillar stock is USD 994.38, based on coverage from 26 analysts. The stock's market capitalization was USD 373.5 billion on October 1, 2026.