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Toromont Industries C$1.02 billion acquisition of Hewitt Group

28/8/2017
Private acquisition
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C$ 1.02 billion

Announced

28/8/2017

Overview:

  • Toromont Industries has agreed to acquire Hewitt Group for C$1.02 billion.
  • The deal will be funded through cash and debt.
  • TD Securities, CIBC Capital Markets and BMO Capital Markets acted as financial advisers.
  • National Bank Financial advised Hewitt.
  • The transaction is expected to close by mid-October.

Katrin Kostadinova - Data analyst

Jurisdiction:

Canada

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Canada

Industry sector:

Construction and materials

Firms:
Davies Ward Phillips & Vineberg

Party: Toromont Industries (Acquirer)

Lawyers: Cameron Rusaw, Steven Cutler

McCarthy Tétrault

Party: Hewitt Group (Target)

Lawyers: David McAusland, Hadrien Montagne, Karl Tabbakh

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