Deal Snapshot
Toro Co Acquires Lawnmower Manufacturer Intimidator Group for USD 400m
Tuesday 18 January 2022

Minnesota, US-based Toro Company (NYSE: TTC), a supplier of lawn mowers, snow blowers, and irrigation system supplies, has acquired Arkansas-based Intimidator Group, a manufacturer of Spartan Mowers, to expand position in zero-turn mower markets, the company said.

Toro acquired Intimidator Group for USD 400m, paid with a combination of cash on hand and short-term borrowings under the company's existing revolving credit facility.

Date Published: 18/01/2022