Cat Consolidation: Foley Buys Giles & Ransome
By Mike Osenga13 February 2018
There has been another consolidation in Caterpillar’s North American dealer organization with the announcement that Foley, Inc., Piscataway, NJ, has acquired substantially all of the assets of Giles & Ransome, Inc., headquartered in Bensalem, Pa. The announcement said the deal was done with the mutual agreement between both dealerships and Caterpillar.
As a result of the acquisition, Foley Cat’s territory expands from northern New Jersey to the Delaware Valley, southern New Jersey and northern Delaware. Foley will continue to operate out of its headquarters in Piscataway, and will now also operate out of Bensalem, Whitehall, Pa.; Bear, Del.; and Hammonton, N.J.
Foley anticipates a smooth transition for customers, many of whom were already doing business with both Foley Cat and Ransome Cat prior to the acquisition. “This acquisition will be seamless to our customers. What our customers should expect from Foley, Inc. is the continued best-in-class customer service, with the same familiar faces, working with them daily to help them get the job done,” said Ryan Foley, President, Foley, Inc.
The acquisition brings together two Caterpillar dealers with a combined 160 years of construction industry experience.