Caterpillar Mergers and Acquisitions Summary

MachineryCompany

Caterpillar has acquired 38 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 8 assets.

Caterpillar’s largest acquisition to date was in 2010, when it acquired Bucyrus International for $7.6B. It’s largest disclosed sale occurred in 2012, when it sold Neovia Logistics Services to Platinum Equity for $750M. Caterpillar has acquired in 14 different US states, and 13 countries. The Company’s most targeted sectors include machinery (58%) and electrical equipment (8%).

Join Mergr and gain access to Caterpillar’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the machinery sector.

M&A Summary

  • M&A Total Activity46
    • M&A Buy Activity38
    • M&A Sell Activity8
  • Total Sectors Invested 13
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 16
  • M&A Advisors 9

Caterpillar

Caterpillar, Inc.

5205 North O'Connor Boulevard, Suite 100,
Irving, Texas 75039
United States,
(972) 891-7700
www.caterpillar.com

Caterpillar is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Caterpillar principally operates through three product segments. These include Resource Industries, Construction Industries, and Energy & Transportation. Caterpillar also provides financing and related services through its Financial Products segment. Caterpillar was incorporated in 1925 and is based in Irving, Texas.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.6/yr) # 35 - 1 1 1 - 38
vol $10.8B $405M $11.2B
Sell (0.0/yr) # 8 - - - - - 8
vol $1.2B $1.2B
  46

Most Recent M&A

Company Date Value Type
Tangent Energy Solutions, Inc. 2022-05-05 - Add-on Acquisition
Kennett Square, Pennsylvania · www.tangentenergy.com
Enhanced Energy Group, Inc. 2021-09-10 - Add-on Acquisition
West Kingston, Rhode Island · www.carbonpoint.com
The Weir Group PLC - Oil & Gas Division 2020-10-05 405M USD Divestiture
Fort Worth, Texas
Caterpillar, Inc. - Purpose-Built Forestry Business 2018-08-29 - Divestiture
Peoria, Illinois
Pyroban Group Ltd. 2017-11-21 - Divestiture
West Sussex, United Kingdom · www.pyroban.com
Yard Club, Inc. 2017-05-07 - Add-on Acquisition
San Francisco, California · www.yardclub.com
PEPR, Inc. 2015-05-05 - Add-on Acquisition
Calgary, Alberta
ESRG Technologies Group LLC 2015-04-15 - Add-on Acquisition
Virginia Beach, Virginia · www.esrgtech.com
Caterpillar's - Advanced Compacting Technology Group 2014-04-28 - Divestiture
, United States
Johan Walter Berg AB 2013-07-01 - Add-on Acquisition
Ockero, Sweden · www.bergpropulsion.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Progress Rail Services Corp. 2006-06-19 Progress Rail - Battery-Electric Locomotives 2022-01-28 3
Albertville, Alabama · www.progressrail.com Albertville, Alabama
Progress Rail Services Corp. 2006-06-19 Progress Rail Equipment Leasing Corp. 2020-01-02 2
Albertville, Alabama · www.progressrail.com Albertville, Alabama
Progress Rail Services Corp. 2006-06-19 Downer EDI - Freight Rail Business 2017-11-21 6
Albertville, Alabama · www.progressrail.com North Ryde, Australia
Progress Rail Services Corp. 2006-06-19 Mansbach Metal Co. 2017-11-10 1
Albertville, Alabama · www.progressrail.com Ashland, Kentucky
Progress Rail Services Corp. 2006-06-19 Rail Product Solutions, Inc. 2015-09-28 5
Albertville, Alabama · www.progressrail.com Overland Park, Kansas
Progress Rail Services Corp. 2006-06-19 Electro-Motive Diesel, Inc. 2010-06-01 4
Albertville, Alabama · www.progressrail.com Lagrange, Illinois · www.emdiesels.com
Caterpillar Remanufacturing Services Co., Ltd.    - Williams Technologies, Inc. 2004-08-18 1
Shanghai, China Summerville, South Carolina

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 22 (58%) 10.0B (89%) 1 (13%) -
Electrical Equipment 3 (8%) - 1 (13%) -
Automotive 2 (5%) - - -
Energy Services and Equipment 2 (5%) 405M (4%) - -
Marine 1 (3%) - 1 (13%) -
Retail 1 (3%) - 1 (13%) -
Safety/Security 1 (3%) - 1 (13%) -
Construction 1 (3%) - - -
Engineering 1 (3%) - - -
Environmental 1 (3%) - - -
Information Services 1 (3%) - - -
Renewable Energy 1 (3%) 810M (7%) - -
Software 1 (3%) - - -
Distribution - - 1 (13%) 465M (38%)
Manufacturing - - 1 (13%) -
Transportation - - 1 (13%) 750M (62%)
Total 38 $11.2B 8 $1.2B

By Geo

State/Country Buy Value Sell Value
United States 18 9.0B 5 750M
  Minnesota 2 - 1 -
  Virginia 2 - 1 -
  California 2 - - -
  Wisconsin 2 7.6B - -
  Texas 1 405M 1 750M
  New Mexico 1 - - -
  Kansas 1 - - -
  Alabama 1 1.0B - -
  South Carolina 1 - - -
  Rhode Island 1 - - -
  Pennsylvania 1 - - -
  North Dakota 1 - - -
  New York 1 - - -
  Illinois - - 1 -
United Kingdom 4 1.3B 2 465M
Germany 2 810M 1 -
Brazil 2 - - -
Canada 2 - - -
  Ontario 1 - - -
  Alberta 1 - - -
China 2 - - -
Ireland 2 - - -
France 1 - - -
India 1 73M - -
Italy 1 - - -
South Korea 1 - - -
Sweden 1 - - -
Switzerland 1 - - -
Domestic 18 (47%) 9.0B (80%) 5 (63%) 750M (62%)
Cross-border 20 (53%) 2.2B (20%) 3 (38%) 465M (38%)
Total 38 $11.2B 8 $1.2B

Top M&A Advisors

Financial Deals
InterOcean Advisors LLC
1
Citigroup Investment Banking
1
Morgan Stanley
1
Legal Deals
Mayer Brown
2
Sidley Austin LLP
1
Freshfields Bruckhaus Deringer LLP
1

Deal Values

buy # Total
> $1B 3 $9.9B
$100M to $1B 2 $1.2B
< $100M 1 $73M
TOTAL $11.2B
Largest Bucyrus International, Inc.
$7.6B (2010-11-16)
sell # Total
$100M to $1B 2 $1.2B
TOTAL $1.2B
Largest Neovia Logistics Services LLC
$750M (2012-08-01)

M&A Connections

Deals
Acquired from
Investor(s)
5%
2 (5%)
Strategic(s)
26%
10 (26%)
Divested to
Investor(s)
25%
2 (25%)
Strategic(s)
63%
5 (63%)

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