Tractor & Equipment Company

What Tractor & Equipment Company does

Tractor & Equipment Company is a fourth-generation, family-owned authorized Caterpillar dealer headquartered in Billings, Montana, operating eight physical facilities across Montana, Wyoming, and North Dakota as a wholly owned subsidiary of Harnish Group Inc. The company distributes and services the full Caterpillar construction-equipment line — excavators, wheel loaders, dozers, motor graders, skid steers, articulated trucks, and attachments — across five primary end markets: construction, mining, oil & gas (notably the Bakken basin), government/public works, and agriculture, with an additional power systems division covering generator sets, industrial engines, and oilfield power from 8.2 kW to 6,100 kW.

The business is structured around four integrated revenue streams: (1) one-time new and used equipment sales (including the Cat Certified Used program with up to 140 inspection checkpoints), (2) recurring short- and long-term rentals through T&E The Cat Rental Store and the Heavy Rents premium fleet, (3) a high-frequency parts operation with 96,000+ SKUs in stock and e-commerce via Parts.Cat.Com (1.4M+ SKUs), and (4) service and rebuild work including in-house turbo, hydraulic, machine, and S.O.S. fluid analysis capabilities. A tiered Customer Value Agreement (CVA) program — Bronze through Platinum at $750 to $9,000 per year on compact equipment — converts service into multi-year recurring contracts with guaranteed next-day parts and two-day repair SLAs backed by $1,000 Cat Credits. Financing is delivered through Caterpillar Financial Services, including current promotional offers of 0% for 36-60 months on select models.

Technology is largely Cat-stack rather than proprietary: VisionLink fleet management, CAT INSPECT mobile inspection app, Cat Connect smart-machine suite, and SITECH Northwest (a sister company established 2011) for machine guidance. The company employs 1,000+ people, operates without external institutional or public-market ownership, and is led by President and COO John W. Harnish (fourth-generation family, appointed January 1, 2023). Strategic M&A history includes Nash Davis Machinery (1963), ABBCO (1985), N C Machinery (1994, adding Alaska and Washington), and Montana Power and Equipment (1998), with the 2000 formation of Harnish Group Inc. consolidating all dealer entities under a single holding company.

Name

Tractor & Equipment Company

Legal name

Tractor & Equipment Co.

Website

https://tractorandequipment.com

Company type

Private

Founded year

1929

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Tractor & Equipment Company is a fourth-generation, family-owned authorized Caterpillar dealer operating eight facilities across Montana, Wyoming, and North Dakota. It sells, rents, and services Cat construction equipment, power systems, and parts for construction, mining, oil & gas, government, and agriculture customers.

Ownership category

akta.pro rank

Product category

Heavy Equipment Dealership

NAICS

Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers (423810), Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (532412), Construction Machinery Manufacturing (333120), Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining Machinery and Equipment Manufacturing (333131)

SIC

Wholesale-Construction & Mining (No Petro) Machinery & Equip (5082), Farm Machinery & Equipment (3523), Wholesale-Machinery, Equipment & Supplies (5080), Construction Machinery & Equip (3531), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Earthmoving & Excavation Equipment Rental/Leasing (TLABAFAA)

akta.pro secondary industries

Material Handling Equipment Rental/Leasing (Forklifts, Telehandlers, Reach Trucks) (TLABAFAF), Farm Machinery Parts, Service & Maintenance Equipment (Spare Parts, Diagnostics, Workshop Tools) (AFAAAAAH), Specialized Heavy Haul / Lowboy Tractor Leasing & Rental (TLABABAL), Drilling & Workover Rigs (Land & Offshore) (EUALABAA), Agricultural & Forestry Vehicles (Harvesters, Forwarders, Skidders) (IMAHAIAC)

Keywords

• Heavy equipment dealer
• Caterpillar construction equipment
• Equipment rental services
• Heavy machinery parts
• Power generation systems

Headquarters

HQ city

Billings

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. New Equipment Sales: Sales of new Caterpillar construction equipment including excavators, wheel loaders, skid steer loaders, dozers, motor graders, articulated trucks, and attachments
2. Used Equipment Sales: Sales of pre-owned heavy equipment including Cat Certified Used machinery with warranty and inspection certifications
3. Equipment Rentals: Short and long-term rental of construction equipment through Heavy Rents division and The Cat Rental Store, including flexible terms from weekly to monthly
4. Parts Sales: Sales of new, used, remanufactured, and exchange parts with over 96,000 part numbers in stock and 24-hour ordering for out-of-stock items
5. Service and Repair: Full-service repair capabilities including engine, transmission, hydraulics, undercarriage, brake/axle repairs, machine rebuilds, and turbo repair with 12-month warranty
6. Power Systems: Power generation equipment sales and rentals including generators (30kW-2000kW), air compressors, HVAC, and ancillary equipment for electric power, oil & gas, and industrial applications

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Tractor & Equipment Company is an authorized Caterpillar dealer selling new and used Cat construction and mining equipment, renting construction and power generation equipment, and providing parts, service, and repair across Montana, Wyoming, and North Dakota. The company operates 8 physical dealer locations, stocks 96,000+ part numbers, runs 24/7 field service with in-house turbo, hydraulics, and S·O·S fluid analysis labs, and offers tiered Customer Value Agreement maintenance plans plus Caterpillar Financial Services financing. It also distributes Caterpillar power systems (generator sets, industrial engines, oil & gas power) and SITECH navigation technology through subsidiary SITECH Northwest.

Product overview

Tractor & Equipment Co. is an authorized Caterpillar dealer operating as a multi-location heavy equipment dealership offering a comprehensive portfolio of products and services across Montana, Wyoming, and North Dakota. The core offering centers on Cat construction equipment (new, used, and rental), power systems (electric power, industrial power, and oil & gas applications), and attachments. The business operates through distinct divisions: New Equipment Sales (excavators, wheel loaders, skid steers, dozers, motor graders, telehandlers, articulated trucks, and compactors), Used Equipment Sales including Cat Certified Used certification program, Rental Services (standard Cat Rental Store and Heavy Rents premium fleet), Power Systems (generator sets, industrial engines, and oil/gas power), and extensive Parts & Service operations. Service capabilities include repair/rebuild services, turbo repair shop, hydraulics, S·O·S fluid analysis, and Customer Value Agreements (CVA) providing tiered maintenance plans. Technology offerings include VisionLink fleet management, Cat Connect smart machine systems, CAT INSPECT mobile inspection app, and SITECH navigation tools. The company also provides financing programs through Caterpillar Financial Services and Cat Commercial Account for parts purchasing. Founded in 1929 and celebrating 100 years as a Cat dealer in 2029.

Differentiator

Problem solved

Functional benefit

Brands

• CPRO (Committed Planned Repair Order): A priority parts ordering option for dealers to obtain parts with the greatest assurance that they can meet customer requirements when and where needed.

Products and services

• New Cat Equipment New Caterpillar construction equipment including excavators, skid steer loaders, wheel loaders, backhoe loaders, telehandlers, dozers, motor graders, and articulated trucks available for purchase across Montana, Wyoming, and North Dakota. Targeted at construction, mining, oil & gas, and government customers.
• Used Equipment Pre-owned heavy construction equipment sourced from manufacturers including Caterpillar, John Deere, Bobcat, Volvo, Hitachi, Komatsu, and others, available for purchase with flexible financing options.
• Cat Certified Used Certified pre-owned equipment meeting strict inspection criteria with up to 140 checkpoints, serviced with genuine Cat parts, backed by warranty and Equipment Protection Plan, in Tier 1, Tier 2, and Tier 3 classifications based on age and hours.
• Rental Equipment (T&E The Cat Rental Store) Short and long-term rental of Cat construction equipment including light towers, compactors, dump trucks, water trucks, loaders, skid steers, excavators, attachments, trench shoring, pumps, generators under 50kW, and air compressors under 600 CFM, with online reservation.
• Heavy Rents (Premium Heavy Equipment Rental) Premium heavy equipment rental fleet including excavators (325-390 series), dozers (D6T-D10T), graders, wheel loaders (966-988), haul trucks (730-745), and compaction equipment, available on weekly, monthly, or longer terms.
• Cat Work Tool Attachments Full range of Cat work tool attachments including adapters, augers, bale spears, blades, brooms, brushcutters, buckets (multiple types), cold planers, compactors, couplers, hammers, grapples, mulchers, rakes, rippers, shears, trenchers, thumbs, tillers, and winches for various Cat machines.
• Power Systems Sales Complete Caterpillar power systems portfolio including diesel and gas generator sets, electric power solutions, industrial power engines (8.2 to 6,100 kW), and oil and gas power applications for well servicing, drilling, and gas compression.
• Rental Power Large-scale power rental equipment including generators (30kW-2,000kW), air compressors (375cfm-1600cfm), load banks, fuel tanks, automatic transfer switches, temp boxes, and associated cables with 24/7 support.
• Parts and Service Aftermarket parts supply with over 96,000 part numbers in stock, 24/7 emergency service, mobile service trucks, repair and rebuild capabilities for engines, transmissions, hydraulics, and undercarriage, plus cylinder repair, hose building, and machining services.
• Buy Cat Parts Online (Parts.Cat.Com) Online parts ordering platform offering access to over 1.4 million genuine Cat parts, real-time availability, mobile app (Cat Central), part lookup by number, model, or serial number, with multiple payment and delivery options.
• S·O·S Fluid Analysis Fluid analysis program monitoring equipment health through oil, coolant, and diesel fuel analysis using Cat-verified laboratory methods to identify wear and contamination before failures occur, with online platform for fleet management and trend analysis.
• Customer Value Agreements (CVA) Flexible maintenance and support plans offering tiered coverage (Bronze, Silver, Gold, Platinum) with benefits including next-day parts, two-day service commitment, scheduled PM services, fleet management tools, fluid analysis, and rebuild commitment with faster turnaround times.
• Turbo Repair Shop In-house turbocharger rebuild services offering Level 1 rebuild options at approximately 50% cheaper than new turbo purchase, with same-as-new warranty, including re-bearing, reseal, balance, and cartridge replacement services.
• Hydraulics Service Hydraulic system services including cylinder rebuilds (reseal, rebearing, rod polishing, barrel resurfacing, rod chroming), pump and motor rebuilds, and custom hose assembly manufacturing in-house.
• Committed Planned Repair Order (CPRO) Priority parts ordering program for major overhaul components, placing order 90 days before ship date with 85-day firm commitment window, ensuring maximum uptime and highest parts priority in backorder events.
• Electric Power Solutions Diesel and gas generator sets with up to 44% more power density, automatic transfer switches, uninterruptible power systems, and switchgear for applications including data centers, healthcare, manufacturing, utilities, and municipalities.
• Industrial Power Solutions Industrial gas and diesel engines ranging from 8.2 to 6,100 kW (11 to 8,180 hp) equipped with Tier 4 emissions technology for agricultural, construction, manufacturing, and industrial OEM applications.
• Oil and Gas Power Solutions Power systems for gas compression, drilling, and well servicing with Bakken-specific operations expertise covering Williston to Prudhoe Bay, Alaska, offering diesel, gas, and dual fuel configurations.
• Financing and Credit Services (Cat Commercial Account) Credit application processing, Cat Commercial Account program for parts purchasing with 1% Cat Credits rewards, flexible financing options through Caterpillar Financial Services, and online credit application via DocuSign.
• VisionLink Fleet Management Equipment management platform providing real-time location tracking, fuel utilization monitoring, and health/maintenance alerts including hours, fluid contamination, and other operational metrics for fleet management, with tiered VisionLink Connect Pro, Performance Inform, and Performance Advise levels.
• CAT INSPECT Mobile Inspection App Mobile inspection app for Apple and Android devices that enables rate asset conditions, capture photos and videos, add comments, assign inspections, and create custom inspection forms with integration to VisionLink and other Cat data systems.
• Cat Connect Smart Machine Technology Smart machine technology suite collecting and analyzing data from equipment, providing jobsite efficiency improvements through hardware, software, and services for maximizing production, reducing costs, and improving safety.
• SITECH Tools (Navigation and Positioning) Navigational devices for heavy machinery and equipment sold through SITECH Northwest, providing positioning and guidance technology for construction and earthmoving applications.

Quantifiable outcome

• 12-month warranty on all repair and rebuild work
• +4 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Harnish Group Inc.coreStrategic or Co-development Partner · 1 January 2000Corporate holding company established in 2000 as parent of Tractor & Equipment Co., N C Machinery Co., Machinery Power & Equipment Co., and N C Power Systems Co. Fourth-generation family management leads the organization with John W. Harnish as President and Chief Operating Officer.
• N C Machinery Co.coreStrategic or Co-development Partner · 1 January 1994Acquired in 1994, N C Machinery is a fellow Caterpillar dealer with presence in Alaska and western/central Washington. Together with T&E, they serve oil and gas customers across the region from Williston to Prudhoe Bay, Alaska. N C Machinery celebrates 100 years as a Caterpillar dealer in Alaska in 2026.
• Caterpillar Inc.coreChannel Partner/ Reseller/ Distributor · 1 January 1929Tractor & Equipment Co. is an authorized Caterpillar dealer since 1929, offering the full line of Cat equipment, parts, and services. The company celebrates 100 years as a Cat dealer in 2029 and operates as part of the Harnish Group Inc. dealer network representing Caterpillar products across Montana, Wyoming, and North Dakota.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• N C Machinery Co. Sister Caterpillar dealer under Harnish Group; directly comparable authorized Cat dealer business operating across Alaska and Washington with the same Cat product line, parts, service, and power systems model as Tractor & Equipment Co.
• Foley Equipment Company: Authorized Caterpillar dealer serving Kansas and western Missouri with new/used equipment, rentals, parts, and service; closely mirrors T&E's dealer-distributor model with multi-location territory coverage.
• Quinn Company: Authorized Caterpillar dealer serving California and Nevada with new and used equipment, rental, parts, and power systems; comparable size and multi-vertical exposure including construction, mining, and oil & gas.
• Holt Cat: One of the largest authorized Caterpillar dealers in the US, operating across Texas; comparable full-line Cat dealer model with strong power systems and rental businesses.
• Altorfer Inc. Authorized Caterpillar dealer serving Illinois, Iowa, and Missouri with equipment, parts, service, and rental operations; directly analogous midwestern Cat dealer comparable to T&E's MT/WY/ND footprint.
• Ring Power Corporation: Authorized Caterpillar dealer serving Florida with new equipment, power systems, and a dedicated Cat Rental Store; similar diversified Cat dealer profile spanning construction, power, and industrial customers.
• Cashman Equipment: Authorized Caterpillar dealer serving Nevada and Utah; comparable authorized Cat dealer with full equipment, parts, service, and power systems offerings including mining exposure.
• Hawthorne Cat: Authorized Caterpillar dealer serving Hawaii and the Pacific region; comparable multi-decade Cat dealer with new and used equipment, power systems, parts, and service operations.

Broad incumbents

• H&E Equipment Services: National heavy equipment rental and sales company with significant aerial, earthmoving, and material-handling exposure; comparable equipment rental and distribution business operating at broader national scale and serving overlapping customer use cases.
• United Rentals: Largest equipment rental company in the world with broad construction and industrial fleet; overlapping with T&E's Heavy Rents and Cat Rental Store activity on earthmoving and aerial equipment, though broader in scope and not Cat-exclusive.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tractor-and-equipment-co

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tractor & Equipment Company