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Caterpillar Inc. Enters into Agreement to Acquire Fabick Cat Dealership

IRVING, Texas — Caterpillar Inc. (NYSE: CAT) has entered into an agreement to acquire John Fabick Tractor Company (Fabick), a long-standing Cat dealer with 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 Fabick ownership while maintaining the strong service and local support customers know and value today.

“Caterpillar and Cat dealers share a common mission of solving our customers’ toughest challenges,” said Joe Creed, Caterpillar Chairman and CEO. “We look forward to continuing to work with the Fabick team to build on a century of success, further strengthen the customer experience and drive long-term growth across the service territory.”  

“We’re incredibly proud of our team and the customer relationships we’ve built over the past 100 years,” said Jeré Fabick, Chairman, CEO and Dealer Principal of Fabick.

Fabick COO Todd Stanley added, “We are excited for this next chapter with Caterpillar. This will enhance our ability to provide our customers with unmatched services, technology and expertise.” 

The agreement requires approval by regulatory authorities and is subject to other customary closing conditions. The transaction is expected to close within 30 days. 

Source : Farm Equipment

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Learning to Wrench From Dad the Hard Way

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Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

We're a 6th generation family farm in southeast Iowa showing the real ups and downs of pig farming and row crop farming. No script, just the work. Subscribe and follow along.

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