M&A Deal Summary

Toro Acquires Venture Products

On January 21, 2020, Toro acquired machinery company Venture Products for 168M USD

Acquisition Highlights
  • This is Toro’s 7th transaction in the Machinery sector.
  • This is Toro’s 4th largest (disclosed) transaction.
  • This is Toro’s 10th transaction in the United States.
  • This is Toro’s 1st transaction in Ohio.

M&A Deal Summary
Date 2020-01-21
Target Venture Products
Sector Machinery
Buyer(s) Toro
Deal Type Add-on Acquisition
Deal Value 168M USD

Target

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.

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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 13 of 15
Sector (Machinery) 7 of 9
Type (Add-on Acquisition) 11 of 13
State (Ohio) 1 of 1
Country (United States) 10 of 12
Year (2020) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-15 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.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 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.

Buy -
Mergr

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