Announced
Completed
Synopsis
Toromont Industries, a Caterpillar construction equipment dealer and refrigeration systems designer, completed the acquisition of Tri-City Equipment, a provider of heavy equipment and machinery rental services. Financial terms were not disclosed. "This acquisition expands our Toromont Cat heavy rents business to better serve and expand our customer base and provides a rental hub in the southwestern Ontario region. We are pleased to welcome the Tri-City Equipment Rentals team to the Toromont family," Mike McMillan, Toromont Industries President and CEO.
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