Add-on Acquisition • Machinery

Toro Acquires Ditch Witch

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

Acquisition Context

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

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

Target Company

Ditch Witch

Perry, Oklahoma, United States

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 Overview 1

Buyer

Toro

Bloomington, Minnesota, United States

Category	Company
Founded	1914
Sector	Machinery
Employees	10,706
Revenue	4.6B USD (2024)

DESCRIPTION

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 Context for Buyer	#
Overall	12 of 16
Sector: Machinery	6 of 9
Type: Add-on Acquisition	10 of 14
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	-

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

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

Explore Related M&A Activity

Machinery M&A - Add-on Acquisition M&A Deals - Oklahoma M&A - United States M&A - 2019 M&A