Toro - M&A Summary and Business Overview

MachineryCompany

Toro M&A Summary

Toro has acquired 15 companies, including 4 in the last 5 years. It has also divested 1 asset.

Toro’s largest acquisition to date was in 2019, when it acquired The Charles Machine Works for $700M. Toro has acquired in 11 different US states, and 4 countries. The Company’s most targeted sectors include machinery (60%) and manufacturing (34%).

Toro Business Overview

Where is Toro headquartered?

Toro is headquartered in Bloomington, Minnesota.

What is Toro’s revenue?

Toro disclosed revenue of 4,553M USD for 2023 and 4,515M USD for 2022.

How many employees does Toro have?

Toro has 10,706 employees.

What sector is Toro in?

Toro is a machinery company.

When was Toro founded?

Toro was founded in 1914.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity15
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 3
  • M&A Advisors 3

Toro

The Toro Co.

8111 Lyndale Avenue South,
Bloomington, Minnesota 55420
United States,
(952) 888-8801
www.thetorocompany.com


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 12 1 1 1 - - 15
vol $925M $168M $400M $1.5B
Sell (0.2/yr) # - - - - - 1 1
  16

Most Recent M&A

Company Date Value Type
Toro - Residential Pope Products Business 2024-07-01 - Divestiture
Beverley, Australia
The Intimidator Group 2022-01-14 400M USD Add-on Acquisition
Batesville, Arkansas · www.intimidatorgroup.com
Left Hand Robotics, Inc. 2021-03-02 - Add-on Acquisition
Longmont, Colorado · www.lefthandrobotics.com
Venture Products, Inc. 2020-01-21 168M USD Add-on Acquisition
Orrville, Ohio · www.ventrac.com
The Charles Machine Works, Inc. 2019-02-15 700M USD Add-on Acquisition
Perry, Oklahoma · www.ditchwitch.com
Z-Spray LLC 2018-03-19 - Add-on Acquisition
Lebanon, Indiana · www.z-spray.com
Regnerbau Calw GmbH 2016-11-03 - Add-on Acquisition
Althengstett, Germany · www.perrot.de
BOSS 2014-11-14 225M USD Add-on Acquisition
Iron Mountain, Michigan · www.bossplow.com
Xiamen Xiangfeng Water Saving Equipment Co., Ltd. 2013-09-30 - Add-on Acquisition
, China
Astec Underground, Inc. 2012-02-10 - Divestiture
Loudon, Tennessee
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
BOSS 2014-11-14 Voigt Smith Innovation - Liquid Deicing Assets 2022-06-13 1
Iron Mountain, Michigan · www.bossplow.com Madison Lake, Minnesota

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 9 (60%) 1.3B (85%) - -
Manufacturing 5 (33%) 225M (15%) 1 (100%) -
Electrical Equipment 1 (7%) - - -
Total 15 $1.5B 1 -

By Geo

State/Country Buy Value Sell Value
United States 12 1.5B - -
  California 2 - - -
  Tennessee 1 - - -
  Oklahoma 1 700M - -
  Ohio 1 168M - -
  Nebraska 1 - - -
  Michigan 1 225M - -
  Kentucky 1 - - -
  Indiana 1 - - -
  Colorado 1 - - -
  Arkansas 1 400M - -
Australia - - 1 -
China 1 - - -
Germany 1 - - -
United Kingdom 1 - - -
Domestic 12 (80%) 1.5B (100%) - -
Cross-border 3 (20%) - 1 (100%) -
Total 15 $1.5B 1 -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
1
Legal Deals
Latham & Watkins
1
Fox Rothschild
1

Deal Values

buy # Total
$100M to $1B 4 $1.5B
TOTAL $1.5B
Largest The Charles Machine Works, Inc.
$700M (2019-02-15)

M&A Connections

Deals
Acquired from
Strategic(s)
13%
2 (13%)
Divested to
Strategic(s)
100%
1 (100%)

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