The Holt Manufacturing Company in Stockton, California had successfully built crawler-type tractors and in 1909 began looking for manufacturing facilities closer to the vast agricultural markets in the Midwest farm belt. Company President Benjamin Holt dispatched his nephew, Pliny E. Holt in March 1909 to find another plant. He met Murray Baker, an implement dealer, who knew of a factory already equipped to manufacture farm implements and steam traction engines that had belonged to the bankrupt Colean Manufacturing Co. of East Peoria.