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The Toro Co. Acquires Intimidator Group

The Intimidator Group Inc. announced its acquisition by The Toro Co. (NSWE: TTC), based in Bloomington, Minnesota. The Toro Co. is a leading worldwide provider of innovative solutions in the outdoor environment.

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“Our success and growth is the result of our dedicated team of employees, dealers and supply partners of which we are truly thankful and excited to be taking this next step in our journey together,” said Robert and Becky Foster, owners of Intimidator Group. “The Toro Co. has a rich history and proven track record of growing brands with the resources to fuel our future growth. With a shared commitment to furthering innovation, serving customers and supporting our people and communities, we look forward to joining The Toro Co. and continuing to provide best-in-class products and service to our customers.”

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“The addition of Spartan Mowers to our portfolio strategically positions us to be an even stronger player in the large and rapidly growing zero-turn mower market,” said Richard M. Olson, chairman and CEO of The Toro Co. “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 return long-term.”

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Over the past year, Intimidator Group has seen a 60% growth in sales and had approximately $200 million in net sales for 2021. Under the direction of owners Robert and Becky Foster, the Intimidator Group has created many brands of which include:

  • Spartan Mowers: A new company in the residential and commercial zero-turn mower industry, Spartan Mowers has become the fastest growing mower brand on the market.
  • Intimidator UTVs: Delivering side-by-sides with unparalleled strength, power and versatility, it is a growing brand in the off-road marketplace.
  • eNVy Neighborhood Vehicle: This crossover features rugged durability with a smooth ride to create the perfect electric vehicle to fit a variety of needs. 

Operations for the Intimidator Group and its companies will maintain headquarters in Batesville, Arkansas, for all manufacturing, development and employment.

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