# Toromont to acquire Hewitt Group for C$1.02 billion

Toromont Industries has agreed to acquire The Hewitt Group, the authorized Caterpillar dealer in Québec, for C$1.02 billion. The deal includes 45 Caterpillar dealerships across Quebec, Maritimes, Labrador West and Ontario.

- Type: Acquisition
- Announced: 2020-05-17
- Where: Québec, Canada, Canada
- Value: $760.0M (1.02B CAD)
- Status: announced
- Products: Caterpillar equipment dealership
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

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

## Sources

- [miningdigital.com](https://miningdigital.com/automation-and-ai/hewitt-group-sells-business-toromont-dollar1bn), 2020-05-17: "Acquiring Hewitt marks a very important milestone for Toromont and is beneficial to our customers, employees and shareholders on many levels."

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