HOLT CAT®, the Caterpillar® dealer for South, Central, North and East Texas, today announced the acquisition of the expanded Cat mining equipment distribution and support business for its respective territory. As a result of the acquisition, HOLT CAT has created a new Mining Solutions Division – HOLT CAT’s Mining Solutions Group—led by General Manager Scott Perlet, through which the company will continue to provide outstanding customer service throughout its territory.
“HOLT has been a highly respected supplier to the Texas mining industry for a long time, and our newly expanded mining product line is a positive move forward. This acquisition will enhance our diversity and position in the market while allowing our company to expand its core Caterpillar business,” J.K. Baxter, HOLT CAT Senior Vice President and General Manager, Machine Division.
The acquisition is part of an $80 million commitment HOLT CAT is making in facility upgrades, new buildings, and business expansion across the state of Texas.
Forty-seven employees will move from Caterpillar and join HOLT’s 2,000-plus workforce. This acquisition allows the company to broaden its scope in mining by providing a comprehensive and superior product line, while continuing to provide legendary service that customers have come to expect from HOLT CAT.
“Caterpillar dealers know more about helping customers get the most from Cat products than anyone else, and there are none who share a more storied history with Caterpillar than the Holt family,” said Steve Wunning, Caterpillar group president with responsibility for the Resource Industries group. “The creation of HOLT CAT’S Mining Solutions group is building on the rich history, expertise, resources and commitment to support the products and deliver the services for all of our mining customers in HOLT’s territory.”
HOLT CAT joins other Cat dealers around the world who are selling, servicing and providing world-class support for the expanded Cat mining product line, which includes Draglines, Unit Rig mining trucks, Room & Pillar and Longwall equipment, Electric Rope and Hydraulic Shovels, Highwall Miners, Drills, Belt Systems and various lines of other equipment.
Caterpillar has announced similar transactions with other dealers over the last several months. Caterpillar continues to hold discussions with other Cat dealers that have mining activity in their territories and will continue to operate the former Bucyrus distribution business until the transitions have occurred in a given territory.