M&A Deal Summary

Caterpillar Acquires Ironmart

On January 11, 2001, Caterpillar acquired machinery company Ironmart

Acquisition Highlights
  • This is Caterpillar’s 9th transaction in the Machinery sector.
  • This is Caterpillar’s 6th transaction in the United States.
  • This is Caterpillar’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2001-01-11
Target Ironmart
Sector Machinery
Buyer(s) Caterpillar
Deal Type Add-on Acquisition

Target

Ironmart

Lexington, South Carolina, United States
Ironmart LLC specialize in used forestry/logging, recycling/grinding, chipping, and screening equipment on a national and international scale.

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Buyer(S) 1

Buyer

Caterpillar

Irving, Texas, United States
Category Company
Founded 1925
Sector Machinery
Employees113,200
Revenue 67.1B USD (2023)
DESCRIPTION
Caterpillar office in Tucson, Arizona.
Caterpillar office in Tucson, Arizona.

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.

DEAL STATS #
Overall 13 of 38
Sector (Machinery) 9 of 22
Type (Add-on Acquisition) 6 of 27
State (South Carolina) 1 of 1
Country (United States) 6 of 18
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-08 Cat Motoren GMBH KG

Hamburg, Germany

Cat Motoren GMBH & Co. KG manufactures diesel engines primarily for marine propulsion ranging from 1,260 hp to 22,030 hp.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-01 Terex Mining Truck Business

United States

Terex's Mining Truck Business consists of eight-model line of DC and AC electric drive mining trucks. The trucks are sold under the Payhauler and Unit Rig brand names.

Buy -
Mergr

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