Altorfer Machinery Company was founded on February 4th, 1957 by the late Edward J. Altorfer. Ed had previously worked in the family washing machine business, called Altorfer Brothers Company, in East Peoria, IL. He was introduced to the Caterpillar business by his good friend, Buck Swords, who at that time owned Peoria Tractor and Equipment Company, the Caterpillar dealer in Peoria. At its beginning, Altorfer Machinery Company had stores in Cedar Rapids, IA, Davenport, IA, and Hannibal, MO, and employed about 100 people. Ed enjoyed this business very much, and in 1967 had the opportunity to expand into a second dealership which he called Capitol Machinery Company with stores in Springfield, IL and Champaign, IL.