Gough Group Executive Director Ben Gough has taken a controlling stake in the family owned company, established by his grandfather in 1932.
Gough, who is also General Manager of Strategic Development at Gough Group, now controls more than 50% of the Gough Group shares. The remaining shares continue to be held within the Gough family interests.
A Director of the company since 2007, Gough said the consolidation did not signal any change in the daily running of the business.
"This doesn't signal any change from an operational perspective. It's business as usual. We continue to be committed to supporting reinvestment across all of our companies and enhancing the relationships we have built.
"For instance, this year is a milestone for Gough Group, marking 80 years with the CAT dealership. That makes us the second longest dealership of continuous ownership outside of the US. "
The Gough Group of companies also includes Gough TWL, Gough Transpecs, Gough Palfinger, Gough Materials Handling, Gough Engineering, Gough Transport Solutions and Gough Finance.
Gough Group employs 880 team members across New Zealand and Australia.
Compare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.