M&A Deal Summary

The Toro Acquires The Intimidator Group

On January 14, 2022, The Toro acquired machinery company The Intimidator Group for 400M USD

Acquisition Highlights
  • This is The Toro’s 9th transaction in the Machinery sector.
  • This is The Toro’s 2nd largest (disclosed) transaction.
  • This is The Toro’s 12th transaction in the United States.
  • This is The Toro’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2022-01-14
Target The Intimidator Group
Sector Machinery
Buyer(s) The Toro
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

The Intimidator Group

Batesville, Arkansas, United States
website
The Intimidator Group designs and manufactures Spartan Mowers, a professional line of zero-turn mowers known for exceptional performance, durability and distinctive styling. Sold through an established dealer network, Spartan Mowers has strong brand recognition in southern regions of the United States, appealing to rural markets and large acreage customers. Intimidator Group also designs and manufactures an attractive line of powerful and versatile side-by-side utility vehicles that perform well in the toughest terrains.

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Buyer(S) 1

Buyer

The Toro

Bloomington, Minnesota, United States

website

Category Company
Founded 1914
Sector Machinery
Employees11,287
Revenue 4.5B USD (2022)
DESCRIPTION
Toro's corporate headquarters in Bloomington, Minnesota.
Toro's corporate headquarters in Bloomington, Minnesota.

The Toro Company is a designer and manufacturer of turf and landscape maintenance equipment, and precision irrigation systems to commercial and residential customers. Toro was founded in 1914 and is based in Bloomington, Minnesota.

DEAL STATS #
Overall 15 of 15
Sector (Machinery) 9 of 9
Type (Add-on Acquisition) 13 of 13
State (Arkansas) 1 of 1
Country (United States) 12 of 12
Year (2022) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Left Hand Robotics

Longmont, Colorado, United States

Based in Longmont, Colorado, Left Hand Robotics is focused on developing innovative autonomous solutions for turf and snow management. Its patent-pending software and advanced technologies for autonomous navigation are designed to provide professional contractors and grounds managers with future solutions to improve their operational efficiency and tackle outdoor tasks with precision.

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