Holt Cat, the Caterpillar dealer for South, Central, North and East Texas, has acquired the expanded Cat mining equipment distribution and support business for its respective territory. Holt Cat’s new mining solutions division—Holt Cat’s Mining Solutions Group—will be led by General Manager Scott Perlet.
Holt will gain 47 Caterpillar employees in the acquisition, which is part of an $80 million commitment Holt is making in facility upgrades, new buildings and business expansion in Texas.
“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,” said J.K. Baxter, Holt Cat senior vice president and general manager, machine division.
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.