The Toro Company completed the acquisition of Intimidator Group for $400m.

The Toro Company, a worldwide provider of innovative solutions for the outdoor environment, completed the acquisition of Intimidator Group, a designer and manufacturer of Spartan Mowers, for $400m. “Spartan’s product lineup complements our innovative Exmark and Toro branded equipment and provides unique opportunities to further leverage technology and design, procurement and manufacturing efficiencies. We are confident the combined efforts of our teams will help advance our strategic priorities while providing unparalleled products, technologies and service to our customers. This move also reinforces our commitment to disciplined capital deployment, including prudent investments in our business, strategic acquisitions, dividend growth and share repurchases, all of which position us to deliver compelling shareholder returns long-term,” Richard M. Olson, The Toro Company Chairman and CEO.