Another Cat Dealer Acquisition
By Mike Osenga11 May 2018
Altorfer Holdings Inc., headquartered in Cedar Rapids, Ia., announced that it has acquired Patten Industries, Inc., the Caterpillar dealer in northern Illinois and northwest Indiana.
The acquisition expands the Caterpillar service territory currently managed by the Altorfer family. The Altorfer family also operates and manages Altorfer Inc., the Caterpillar dealer in eastern Iowa, Northeast Missouri and central Illinois.
“I am excited and humbled by the opportunity to welcome the dedicated employees of Patten Ind. into the Altorfer family. Together we will build upon the traditions of both companies in addition to providing a level of customer service unmatched by anyone else”, said Derek Altorfer, President of both companies.
Earlier this year, Caterpillar dealer Foley, Inc., Piscataway, NJ, acquired substantially all of the assets of Giles & Ransome, Inc., the Cat dealer in Bensalem, Pa.