# 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.

- Type: Acquisition
- Announced: 2017-08-28
- Where: Eastern Canada, Canada
- Value: $818.0M (1.02B CAD)
- Status: announced
- Products: Caterpillar heavy equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Toromont Industries](https://endata.com/companies/1966.md) (acquirer)
- [Hewitt Group](https://endata.com/companies/1967.md) (target)
- [Caterpillar](https://endata.com/companies/1968.md) (partner)

## Sources

- [privateequityinternational.com](https://www.privateequityinternational.com/canadas-toromont-to-buy-caterpillar-dealer-hewitt-for-c1-02-billion-reuters/), 2017-08-28: "Toromont will pay Hewitt C$917.7 million in cash and 2.25 million Toromont shares, the company said."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.