Salem, Va.-based Carter Machinery, a leading Caterpillar Inc. dealer, announced an agreement to acquire the assets of Baltimore-based Alban Tractor Co. Inc., effective Feb. 4. In connection with the acquisition, Carter Machinery will become the Cat dealer in an expanded service territory that will now include northern Virginia, Washington D.C., Maryland and Delaware.
“Carter’s growth is evidence of the caliber of our employees’ expertise and the speed at which they service the industry to ensure customer success every day,” said Drew Parker, CEO, Carter Machinery. “Carter is enthused about expanding our services to more customers with the same commitment that our Virginia and West Virginia customers have come to rely upon.”
The acquisition will strengthen Carter’s position as an equipment leader in key industries, including construction, mining, aggregates and forestry, as well as expand upon its market leadership in key growth areas such as rental and power generation.
“Alban’s reputation in heavy equipment and power systems is strong and one we’re excited to build upon in the coming months and years,” added Parker.