M&A Deal Summary

The Toro Acquires Ditch Witch

On February 15, 2019, The Toro acquired machinery company Ditch Witch for 700M USD

Acquisition Highlights
  • This is The Toro’s 6th transaction in the Machinery sector.
  • This is The Toro’s largest (disclosed) transaction.
  • This is The Toro’s 9th transaction in the United States.
  • This is The Toro’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2019-02-15
Target Ditch Witch
Sector Machinery
Buyer(s) The Toro
Deal Type Add-on Acquisition
Deal Value 700M USD
Advisor(s) McAfee & Taft (Legal)

Target

Ditch Witch

Perry, Oklahoma, United States
website
The Charles Machine Works, Inc. is a manufacturer of small-to-medium horizontal directional drilling rigs (from 5,000 to 100,000 pounds of pullback force), walk-behind and rubber-tire trenchers and plows, underground electronics, vacuum excavators and compact utility equipment. The Charles Machine Works, Inc. was founded in 1902 and is based in Perry, Oklahoma.

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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 12 of 15
Sector (Machinery) 6 of 9
Type (Add-on Acquisition) 10 of 13
State (Oklahoma) 1 of 1
Country (United States) 9 of 12
Year (2019) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 L.T. Rich Products

Lebanon, Indiana, United States

Z-Spray LLC (L.T. Rich Products) is a provider of spreader/sprayers for landscape contractors and grounds professionals. Z-Spray is based in Lebanon, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Venture Products

Orrville, Ohio, United States

Venture Products, Inc. is a manufacturer of Ventrac-branded tractors and attachments. Ventrac tractors and attachments are engineered and manufactured and sold through a network of highly trained and authorized dealers throughout the world. Venture Products, Inc. was established in 1988 and is based in Orrville, Ohio.

Buy $168M
Mergr

Product

Company

Legal