Aug 28 (Reuters) - Toromont Industries Ltd TIH.TO
* Toromont Industries to acquire Hewitt Equipment
* Toromont Industries Ltd - deal expected to be accretive to Toromont's net earnings in 2018
* Deal for total consideration of $1.02 billion
* Toromont Industries-to buy businesses and net operating assets of Hewitt group of companies for $917.7 million cash plus issuance of 2.25 million Toromont shares
* Toromont Industries - will fund deal through current cash on hand, unsecured debt financing of up to $750 million and issuance of 2.25 million Toromont shares
* Toromont Industries - prior to close, Toromont intends to launch a bond offering of up to $400 million and correspondingly reduce draw on bank financing
* Expects to maintain existing facilities and under its decentralized business model
* Toromont Industries Ltd- syndicate of financial institutions has provided co a revolving working capital facility of up to $500 million