Peter Holt

Peter M. Holt (born July 26, 1948) is an American businessman. He is the former CEO of HoltCat, the largest Caterpillar dealership in the United States and former chairman, CEO, and owner of Spurs Sports & Entertainment, which owns the NBA's San Antonio Spurs, the USL's San Antonio FC, the AHL's San Antonio Rampage, and the NBA G League's Austin Spurs. Early life and military career Holt is the great-grandson of Benjamin Holt, who developed the first practical track-type tractor in 1904. His family's history in San Antonio, Texas began in 1933, when his great uncle, William K. Holt, moved to San Antonio to start a Caterpillar dealership. As he had no heirs, Bill invited B.D. Holt (Peter's father) to get involved in the business. In 1961, B.D. Holt moved to Corpus Christi, Texas and started his own Caterpillar dealership. Holt, a Peoria, Illinois native, lived in San Antonio as a child before moving to Corpus Christi. After graduating high school in Corpus Christi, Holt went into the United States Army, serving two years, including a one-year tour of duty as an infantryman in Vietnam. He ended his military duty as a Sergeant with a Silver Star, three Bronze Stars, and a Purple Heart. Early business career Upon leaving the army, Holt went to California, working for an investment banking house and became involved in a bar and restaurant business. Holt rejoined his father in 1983 to work in Corpus Christi at his Caterpillar dealership. Holt diversified the dealership's markets, growing it to its size today. In September 1987, Holt and his father purchased Holt Machinery Co. in San Antonio, reuniting the original Caterpillar dealership that his great uncle started in 1933. Holt would later expand the company's Texas presence by purchasing Darr Equipment Company of Dallas, a Caterpillar dealer in the DFW Metroplex.