---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-056159"
form_type: "8-K"
ticker: "TTC"
cik: "0000737758"
company_name: "TORO CO"
filed_at: "2025-12-09T23:59:59+00:00"
generated_at: "2026-05-16T13:53:06.060461+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Toro completes $279M CAD acquisition of Tornado; authorizes new 6M share buyback

## Summary
- Completed acquisition of Tornado Infrastructure Equipment Ltd. for CAD $1.92/share, total equity value $279M CAD.
- Tornado manufactures vacuum trucks for underground construction, power transmission, and energy markets.
- Acquisition financed with cash on hand, borrowings from credit facility, and other arrangements.
- Board authorized new stock repurchase program of up to 6M shares with no expiration date; total authorization now ~10.4M shares.

## SEC filing metadata
- accession: 0001628280-25-056159
- form_type: 8-K
- ticker: TTC
- cik: 0000737758
- company_name: TORO CO
- filed_at: 2025-12-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737758/000162828025056159/0001628280-25-056159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737758/000162828025056159/ttc-20251208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-056159
- JSON: https://secwatch.observer/filing/0001628280-25-056159.json
- Plain text: https://secwatch.observer/filing/0001628280-25-056159.txt

## Source-grounded claims
- claim_id: 4afedc9d2488aadc253002eb7b531e89efe575c4
  claim: TORO CO completed an acquisition involving Tornado Infrastructure Equipment Ltd. for CAD $1.92 per share for a total fully diluted equity value of $279 million (CAD), which was financed with cash on hand, borrowings from TTC’s unsecured senior r (closed 2025-12-08).
  evidence_excerpt: to the Purchaser (free and clear of all liens), and Tornado became a wholly-owned subsidiary of the Purchaser. TTC purchased all outstanding shares of Tornado for CAD $1.92 per share for a total fully diluted equity value of $279 million (CAD), which was financed with cash on hand, borrowings from TTC’s unsecured senior revolving credit facility, and
  evidence_url: https://www.sec.gov/Archives/edgar/data/737758/000162828025056159/0001628280-25-056159-index.htm

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