Toromont Industries Bolsters Operations with New Acquisition
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Toromont Industries Bolsters Operations with New Acquisition

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Toromont Industries (TSE:TIH) has released an update.

Toromont Industries Ltd. has strategically expanded its heavy equipment rental operations by acquiring Tri-City Equipment Rentals, a significant player in Southwestern Ontario. The acquisition, which was paid in cash from available funds, will serve to bolster Toromont’s customer base and provide a rental hub in the region without materially impacting its financial position.

For further insights into TSE:TIH stock, check out TipRanks’ Stock Analysis page.

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