Caterpillar Completes Fabick Acquisition and Names Ferguson CEO

Caterpillar announced on November 2, 2026 that it had acquired John Fabick Tractor Company and appointed Caterpillar Senior Vice President Steve Ferguson as Fabick’s CEO and Dealer Principal. The acquisition announcement identifies Fabick as a Cat dealer with more than 100 years of operating history and customer relationships across portions of Missouri and Illinois, all of Wisconsin and Michigan’s Upper Peninsula.

Caterpillar characterized the transaction as a customer-focused decision intended to support a seamless transition of Fabick ownership while maintaining its existing service and local support. “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.

Ferguson joined Caterpillar in 1990 and has held roles in mining, power and energy, finance and operations. He was most recently senior vice president of the Industrial Power Systems Division. “Fabick has built deep customer relationships, an experienced team and a strong commitment to the communities it serves,” Ferguson said. “I look forward to building on that momentum as we begin this next chapter—working together to support our customers, create opportunities for our employees and carry Fabick’s proud legacy forward.”

Fabick operates 37 locations across the territory, according to its company profile. Third-, fourth- and fifth-generation members of the Fabick family work together in the business. The product range includes Cat machines used to maintain infrastructure and support farmers, aerial lifts and emergency power generation.

The dealer’s website lists new, used and remanufactured parts for Cat and non-Cat equipment. Its service operations include field service, shop service, customer value agreements and technology solutions. Fabick also lists equipment rentals and emergency-power operations, while its location directory covers Fabick Cat, Fabick Rents and Fabick Power Systems sites. The site also describes a Cat Certified Used program whose qualifying machines are inspected, eligible for flexible financing and backed by a Caterpillar warranty.

Caterpillar announced the agreement to acquire Fabick on September 29, 2026. The agreement required regulatory approval and was subject to other customary closing conditions, and Caterpillar said at the time that it expected the transaction to close within 30 days. That announcement identified Jeré Fabick as Fabick’s chairman, CEO and Dealer Principal and Todd Stanley as chief operating officer.

Ferguson’s appointment gives him the CEO and Dealer Principal titles that Jeré Fabick held in September; the closing announcement does not identify a chairman, further leadership appointments or any change to Fabick’s dealer territory.