TORO CO (TTC): M&A transaction — Toro completes CAD $279M acquisition of Tornado; authorizes new 6M share buyback

TORO CO

Acquired Tornado Infrastructure Equipment (TSX-V: TGH) for CAD $1.92/share, total equity value $279M CAD.
Financed with cash, credit facility, and other arrangements; Tornado becomes subsidiary of Toro.
Board authorized new repurchase of up to 6M common shares with no expiration; total authorization now 10,391,790 shares.
Filing amends previously reported Item 2.01 to Item 8.01 for the acquisition.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

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) (closed 2025-12-08).

Action: acquisition
Counterparty: Tornado Infrastructure Equipment Ltd.
Consideration: CAD $1.92 per share for a total fully diluted equity value of $279 million (CAD)
Closing: 2025-12-08

Exact text from the filing

TTC purchased all outstanding shares of Tornado for CAD $1.92 per share for a total fully diluted equity value of $279 million (CAD)

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Source: SEC EDGAR

accession 0001628280-26-008467

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