---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-001679"
form_type: "8-K"
ticker: "TTC"
cik: "0000737758"
company_name: "TORO CO"
filed_at: "2022-01-14T23:59:59+00:00"
generated_at: "2026-06-27T18:04:37.394019+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Toro acquires Intimidator Group (Spartan Mowers) for $400M

## Summary
- Purchase price $400M paid from cash on hand and short-term borrowings under revolving credit facility.
- Intimidator net sales ~$200M in calendar 2021; deal expected modestly accretive to FY2022 adjusted EPS.
- Spartan Mowers zero-turn mowers complement Exmark/Toro brands; expands Toro's position in zero-turn market.
- Intimidator also makes side-by-side utility vehicles; strong dealer network in southern U.S. rural markets.
- Toro to provide updated FY2022 guidance including Intimidator acquisition with fiscal Q1 results.

## SEC filing metadata
- accession: 0001140361-22-001679
- form_type: 8-K
- ticker: TTC
- cik: 0000737758
- company_name: TORO CO
- filed_at: 2022-01-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737758/000114036122001679/0001140361-22-001679-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737758/000114036122001679/brhc10032851_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-001679
- JSON: https://secwatch.observer/filing/0001140361-22-001679.json
- Plain text: https://secwatch.observer/filing/0001140361-22-001679.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.