The Toro Company acquired Intimidator Group, a privately-held company known for manufacturing Spartan Mowers.
Toro's Acquisition of Intimidator Group
On January 14, 2022, The Toro Company (NYSE: TTC) officially announced its acquisition of the Intimidator Group. This strategic move expanded Toro's already diverse portfolio within the landscape and grounds maintenance industry.
Key Details of the Acquisition:
- Acquired Company: Intimidator Group
- Primary Product Line: Manufacturer of Spartan Mowers, a popular brand of zero-turn lawn mowers and utility vehicles.
- Headquarters: Batesville, Arkansas
- Date of Announcement: January 14, 2022
This acquisition allowed Toro to further strengthen its position in the professional and residential mower markets, integrating Intimidator Group's manufacturing capabilities and brand presence, particularly with the well-regarded Spartan Mowers. The integration aims to leverage synergies in product development, manufacturing, and distribution, ultimately benefiting customers with a broader range of outdoor power equipment solutions.
For more information on the acquisition, you can refer to the official news release: The Toro Company Acquires Intimidator Group.
