The Toro - M&A Summary and Business Overview

MachineryCompany

The Toro M&A Summary

The Toro has acquired 15 companies, including 4 in the last 5 years.

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

The Toro Business Overview

Where is The Toro headquartered?

The Toro is headquartered in Bloomington, Minnesota.

What is The Toro’s revenue?

The Toro disclosed revenue of 4,515M USD for 2022 and 3,960M USD for 2021.

How many employees does The Toro have?

The Toro has 11,287 employees.

What sector is The Toro in?

The Toro is a machinery company.

When was The Toro founded?

The Toro was founded in 1914.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity15
  • Total Sectors Invested 3
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

The Toro

The Toro Company

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

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.


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 (0.0/yr) # - - - - - - 0
  15

Most Recent M&A

Company Date Value Type
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
Lawn Solutions Commercial Products, Inc. 2011-06-27 - Add-on Acquisition
Louisville, Kentucky · www.lawnsolutionscp.com
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%) - -
Electrical Equipment 1 (7%) - - -
Total 15 $1.5B - -

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 - -
China 1 - - -
Germany 1 - - -
United Kingdom 1 - - -
Domestic 12 (80%) 1.5B (100%) - -
Cross-border 3 (20%) - - -
Total 15 $1.5B - -

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%)

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