Peter M. Holt (born July 26, 1948 in Peoria, Illinois) is an American businessman. He is the 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 WNBA's San Antonio Stars, the AHL's San Antonio Rampage, and the NBA Development 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.
Sports franchise ownership
In 1993, Holt decided to invest in the San Antonio Spurs, wanting to help keep the team in San Antonio and as of 2016 he and his wife Julianna are now the franchise’s principal owners.
Holt and the Spurs organization later purchased other franchises â€" the Austin Toros of the NBA Development League, the San Antonio Rampage of the American Hockey League, and the renamed San Antonio Silver Stars of the WNBA. With each purchase, the team colors were changed to silver and black, the motif used by the Spurs.
In order to keep the team in San Antonio, Holt led a successful effort to build a new arena, the AT&T Center, through a ballot measure that would provide public funding for its construction. The new home to the Spurs and the San Antonio Livestock Exposition broke ground in August 2000 and opened for the 2002 season. During his tenure as owner, the Spurs have won five championships in 1999, 2003, 2005, 2007, and 2014.
Personal life
Holt served as Chairman of the United Way of San Antonio and Bexar County. He is a member of the World Presidents’ Organization, and is a trustee of the Palmer Drug Abuse Program. He also served as Chairman of the Board of St. Mary's Hall, a private school in San Antonio.
A frequent contributor to the Republican Party, Holt has contributed over $500,000 to the campaigns of Governor Rick Perry, who appointed Holt as a commissioner of the Texas Department of Parks and Wildlife. A strong supporter of international trade, Holt is a board member of Free Trade Alliance-San Antonio, as well as the San Antonio Economic Development Foundation and Chase Bank-San Antonio.
Holt was inducted to the Texas Business Hall of Fame in 2004.
Awards and honors
Business
- CAT Circle of Excellence Award winner
- Texas Business Hall of Fame inductee (class of 2004)
- 2014 USAA/NaVOBA Vetrepreneur of The Year Award winner
Sports
- Five-time NBA Champion (as owner of the San Antonio Spurs - 1999, 2003, 2005, 2007, 2014)
- One-time NBADL Champion (as owner of the Austin Spurs) - 2012
References
External links
- Holt Caterpillar web site
- San Antonio Spurs web site
