M&A Deal Summary

The Ames Companies Acquires Toro - Residential Pope Products Business

On July 1, 2024, The Ames Companies acquired manufacturer Toro - Residential Pope Products Business from Toro

Acquisition Highlights
  • This is The Ames Companies’ 1st transaction in the Manufacturing sector.
  • This is The Ames Companies’ 3rd transaction in Australia.

M&A Deal Summary
Date 2024-07-01
Target Toro - Residential Pope Products Business
Sector Manufacturing
Buyer(s) The Ames Companies
Sellers(s) Toro
Deal Type Divestiture

Target

Toro - Residential Pope Products Business

Beverley, Australia
Toro's Residential Pope Products Business helps residential customers create and maintain beautiful gardens. Toro's Residential Pope Products Business is based in Beverley, Australia.

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Buyer(S) 1

Buyer

The Ames Companies

Camp Hill, Pennsylvania, United States
Category Company
Founded 1774
Sector Building Materials
Employees1,452
DESCRIPTION

The Ames Companies, Inc. is a manufacturer, marketer and distributor of non-motorized lawn and garden tools, wheelbarrows and hose reels. Ames products are marketed under the Ames, True Temper, Jackson and Garant brand names.

DEAL STATS #
Overall 9 of 9
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 2
Country (Australia) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Hunter Fan

Memphis, Tennessee, United States

Hunter Fan is a manufacturer and distributor in the branded ceiling fan category. Ceiling fans, including the Hunter and Casablanca brands, are the main products of the company, while home comfort products, which consist of air purifiers, humidifiers, thermostats and lighting, comprise the remainder.

Buy $845M

Seller(S) 1

SELLER

Toro

Bloomington, Minnesota, United States
Category Company
Founded 1914
Sector Machinery
Employees10,706
Revenue 4.6B USD (2023)
DESCRIPTION
Toro's corporate headquarters in Bloomington, Minnesota.
Toro's corporate headquarters in Bloomington, Minnesota.

Toro 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 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-14 The Intimidator Group

Batesville, Arkansas, United States

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.

Buy $400M
Mergr

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