Public Company Manufacturing

The Toro Company

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.

Focus Areas
Outdoor environment equipment manufacturing, Turf and landscape equipment, Snow and ice management equipment
Website
www.toro.com

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

The Toro Company Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for The Toro Company. 1 2019 1 2020 1 2021 1 2022

Supporting Data

Recent Transactions

  • Buyer
    The Toro Company
    Target
    Intimidator Group
    Seller
    Robert and Becky Foster
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    The Toro Company
    Target
    Left Hand Robotics, Inc.
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    The Toro Company
    Target
    Venture Products, Inc. (Ventrac)
    Industry
    Manufacturing
    Type
    Buyout

    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.

  • Buyer
    The Toro Company
    Target
    The Charles Machine Works, Inc.
    Industry
    Manufacturing
    Type
    Buyout

    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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