Major Canadian Caterpillar dealer Toromont Industries Ltd (TSE: TIH CN) recently announced a deal to acquire Hewitt Group, a large Caterpillar dealer with 45 branches across Eastern Canada and approximately 2,000 employees. The deal was very well received by investors, who sent TIH stock up nearly 5% when the deal was announced on August 28.
You can read the announcement here:
You can click the link below to see my write up on TIH and why I believe it is an attractive investment for the long-term investor:
Heavy Duty Success: Toromont Industries Ltd.