Tracked deals
4
4 tracked deals across 2019-2022.
Bloomington, Minnesota, United States
Designer and manufacturer of outdoor environment equipment and related technologies, including turf and landscape maintenance, snow and ice management, irrigation, underground utility construction, and related brands.
Tracked deals
4
4 tracked deals across 2019-2022.
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Buyout
4 buyout
Last 4 years
Supporting Data
The Toro Company has acquired privately held Intimidator Group, the Arkansas-based maker of Spartan Mowers and Intimidator UTVs, for $400 million. The acquisition expands Toro's position in the zero-turn mower market, adds a complementary product lineup sold through an established dealer network, and will maintain manufacturing operations in Batesville, Arkansas.
The Toro Company acquired Left Hand Robotics, a Longmont, Colorado developer of autonomous turf and snow-management robots and navigation software. The purchase expands Toro's capabilities in smart, connected and autonomous outdoor equipment; financial terms were not disclosed.
The Toro Company has agreed to acquire Venture Products, Inc., the manufacturer of Ventrac-branded turf, landscape and snow-management equipment, for $167.5 million in cash. The deal, expected to close before the end of Toro's fiscal 2020 second quarter, expands Toro's professional product offering and is expected to be financed under Toro's existing revolving credit facility; Ventrac reported approximately $100 million in net sales for calendar year 2019.
The Toro Company completed its acquisition of privately held The Charles Machine Works, the parent company of Ditch Witch and other underground-construction brands. The deal was valued at approximately $700 million, financed with new debt and borrowings under Toro's credit facility; Toro expects about $30 million of synergies over three years and that the transaction is immediately accretive to EPS (excluding certain adjustments).
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