Toro to Acquire Vacuum Excavator Maker

Toro will acquire Tornado Infrastructure Equipment, a manufacturer of vacuum excavation trucks based in Calgary, Alberta. During the trailing 12 months ended June 30, 2025, Tornado generated net sales of approximately $149 million, Canadian. Toro will purchase all outstanding shares for approximately $279, Canadian.

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In 2022, Toro’s Ditch Witch Division entered into a strategic supply agreement with Tornado to co-develop an exclusive line of Ditch Witch-branded hydrovac trucks to expand its product offering and capitalize on accelerated growth in vacuum excavation.

“We continue to strengthen our business and product portfolio by divesting non-core assets and shifting resources toward markets with strong growth drivers like infrastructure,” said Richard Olson, chairman/CEO, Toro, in a statement. “This acquisition builds on the momentum in our Professional segment, which represented nearly 80% of our fiscal 2024 new sales, and expands our underground construction product lineup while maintaining our disciplined approach to capital allocation.”

Stated Peter Moeller, group VP, underground and specialty construction at Toro:

“Tornado Infrastructure Equipment is well recognized in the industry for its market-leading innovation and commitment to meeting the critical needs of customers in the greater infrastructure space. This acquisition will help expand both our geographical footprint and product range to better serve customers facing complex projects in energy, power transmission, and water infrastructure. Having partnered with the Tornado team since 2022, we have a great history and respect for the Tornado team, and we look forward to working together to further our leadership position within construction.”