30.08.2017

Canadian dealer consolidation

Toromont, the Caterpillar dealer for Ontario, Manitoba and Newfoundland is to acquire Hewitt, the Cat and Manitou dealer for Québec, Western Labrador and the Maritimes.

Founded in 1952 privately held Hewitt operates from 45 branches across Eastern Canada and employs over 2,000. .

Chief executive Jim Hewitt said: “The decision to sell the business founded 65 years ago by my father has not been an easy one, but is the outcome of much reflection on the part of my son David and me. We are extremely proud to have been at the centre of the resource and construction industries in Québec and the Maritimes helping to build roads, dams and mines and keep them running. With the trend towards consolidation taking root in each of the sectors in which Hewitt operates, we are confident that Hewitt’s Customers and employees will benefit from working within an even larger organisation with access to even more resources and capital.”