Holt Completes Acquisition of Dallas-Based Caterpillar Dealership

Holt Completes Acquisition of Dallas-Based Caterpillar DealershipDescendent of Caterpillar Tractor Developer Benjamin Holt Expands Into North, East TexasSAN ANTONIO, April 1 /PRNewswire/ — Peter M. Holt, chief executive officer of Holt Cat (www.holttexas.com ), the Caterpillar? dealer for South and Central Texas, today announced Holt’s purchase of certain assets of Dallas-based Darr Equipment Co., making Holt one of the largest Caterpillar dealers in the world.”The purchase of Darr’s Texas operation is consistent with our company’s vision of stability and effective strategic growth. We are excited about the opportunity to provide exceptional service for Caterpillar products to customers in North and East Texas,” Holt said.Holt’s Caterpillar ”roots” go back about 100 years. Holt is the only Caterpillar dealer owned and operated by descendants of the developer of the first commercially successful track-type tractor. Company CEO Peter Holt is the great-grandson of Benjamin Holt who, in 1904, developed the first successful track-type tractor which he named the ”Caterpillar.” In 1925 Ben Holt’s company, the Holt Manufacturing Co., merged with a competitor to form Caterpillar Tractor Co., which is known today as Caterpillar Inc.Holt, a full service Caterpillar dealer providing sales, parts and service for Caterpillar products, began operation in San Antonio in 1933. They also have stores in Austin, Corpus Christi, Laredo, Victoria and Weslaco. With today’s acquisition, Holt will merge Darr’s heavy equipment and parts inventory as well as its Texas stores — except Wichita Falls — into Holt’s operation. The transaction will double the size of the company from 900 to 1,800 employees in 27 locations, adding full-service stores in Irving (Dallas), Fort Worth, Waco, Longview, Texarkana and Tyler; Cat Rental Stores in Dallas, Fort Worth, Waco, Longview and Grand Prairie; and specialty operations in Irving, Bridgeport and Mineral Wells.”This acquisition strengthens our presence along I-35, one of the fastest- growing commercial corridors in the U.S.,” Holt said. ”We are excited and proud to have the opportunity to increase our investment in many vibrant communities throughout North and East Texas. The industries and customers in this new area have a great deal in common with our existing customers.”Holt sells and services Caterpillar machines and engines in a vast territory from Texarkana west to Palo Pinto County and south to Brownsville. Holt offers extensive machine rebuild capabilities; sells used equipment around the world; and operates an international pipeline equipment company. Holt also fabricates its own line of land clearing equipment and Holt Spray King? water tankers. Holt Aggregate Systems sells and services rock processing equipment for rock quarries throughout its territory.For more information, contact Howard Hicks at 210/648-8328, or visit the Holt web site: www.holttexas.com .About HoltThe name Holt has been associated with heavy equipment and Caterpillar for almost 100 years. Holt CEO, Peter M. Holt, is the great-grandson of Benjamin Holt, who in 1904 developed the first successful track-type tractor which he named the ”Caterpillar.” In 1925 Ben Holt’s company, the Holt Manufacturing Co. merged with Best Tractor to form Caterpillar Tractor Co., which is known today as Caterpillar Inc. In 1933, Ben Holt’s son, William K. Holt, established a Cat dealership in San Antonio to serve Central and South Texas. Since then the Holt name has come to be synonymous with quality, integrity and commitment to customer service. Today, almost 70 years later, Holt has added North and East Texas to its Caterpillar service territory. Holt’s team of 1,800 men and women are committed to providing rock solid stability with superior products and services for heavy equipment and engine users from Brownsville to Texarkana. Contact Information: Howard Hicks, hhicks@holtcompanies.com 210/648-8328 Michael Sorrell, msorrell@pstrategies.com 214/363-3990 Julie Hillrichs, jhillrichs@pstrategies.com 214/363-3990SOURCE: Holt

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