Toromont to acquire Caterpillar dealer Hewitt Group for C$1.02 billion

Toromont Industries agreed to buy privately held Hewitt Group, operator of 45 Caterpillar dealerships in Quebec, the Maritimes, Labrador West and Ontario, for about C$1.02 billion in cash and shares, expected to close by mid-October.

“Toromont will pay Hewitt C$917.7 million in cash and 2.25 million Toromont shares, the company said.”privateequityinternational.com

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• privateequityinternational.comCanada's Toromont to buy Caterpillar dealer Hewitt for C$1.02 billion: ReutersAug 28, 2017

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