M&A Deal Summary

Toro Acquires Left Hand Robotics

On March 2, 2021, Toro acquired machinery company Left Hand Robotics

Acquisition Highlights
  • This is Toro’s 8th transaction in the Machinery sector.
  • This is Toro’s 11th transaction in the United States.
  • This is Toro’s 1st transaction in Colorado.

M&A Deal Summary

Date 2021-03-02
Target Left Hand Robotics
Sector Machinery
Buyer(s) Toro
Deal Type Add-on Acquisition

Target

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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Buyer(S) 1

Buyer

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 14 of 15
Sector (Machinery) 8 of 9
Type (Add-on Acquisition) 12 of 13
State (Colorado) 1 of 1
Country (United States) 11 of 12
Year (2021) 1 of 1
PREVIOUS 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
FOLLOWING 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