Caterpillar - M&A Summary and Business Overview

MachineryCompany

Caterpillar M&A Summary

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%).

Caterpillar Business Overview

Where is Caterpillar headquartered?

Caterpillar is headquartered in Irving, Texas.

What is Caterpillar’s revenue?

Caterpillar disclosed revenue of 59,427M USD for 2022 and 50,971M USD for 2021.

How many employees does Caterpillar have?

Caterpillar has 109,100 employees.

What sector is Caterpillar in?

Caterpillar is a machinery company.

When was Caterpillar founded?

Caterpillar was founded in 1925.

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 ≤ '19 '20 '21 '22 '23 '24 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
  Virginia 2 - 1 -
  Minnesota 2 - 1 -
  Wisconsin 2 7.6B - -
  California 2 - - -
  Texas 1 405M 1 750M
  South Carolina 1 - - -
  Rhode Island 1 - - -
  Pennsylvania 1 - - -
  North Dakota 1 - - -
  New York 1 - - -
  New Mexico 1 - - -
  Kansas 1 - - -
  Alabama 1 1.0B - -
  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
Lehman Brothers, Inc.
1
InterOcean Advisors LLC
1
Citigroup Investment Banking
1
Legal Deals
Mayer Brown
2
Sidley
1
Freshfields
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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