Foley Equipment Co. reached an agreement in principle to purchase Dean Machinery of Kansas City. Once the transaction is complete Foley will be the exclusive Caterpillar dealer for 104 Kansas counties and 40 counties in Northwest Missouri, including the Kansas City market.
Foley Equipment offers a variety of construction and power systems solutions including new and used sales, rentals, parts, service, and technology.
Pending the successful completion of Foley’s due diligence and the necessary regulatory approvals, the transaction is expected to close in January 2012. The purchase agreement includes the assets of Dean Machinery’s construction and power systems divisions.
Foley Equipment was founded in 1942 and currently operates 15 locations across the state of Kansas. Dean Machinery, also a family owned Caterpillar dealership, has been in operation since 1955 and is headquartered in Kansas City, Mo. The company has five locations in Missouri and one in Olathe, Kan.