Friday, September 04, 2015

Home News Toro expands rental offerings

Toro expands rental offerings

Supplier News

By acquiring the light construction and hardscape product assets of Stone Construction Equipment, Toro looks to grow in the rental market.

| May 1, 2012

BLOOMINGTON, Minn. – The Toro Co. has acquired light construction and hardscape product assets of Stone Construction Equipment, which manufactured concrete and hardscape equipment for rental and construction companies, the company said. Terms of the transaction were not disclosed.

This acquisition builds on Toro’s position in the growing rental market with a line of branded products in the hardscape space, which include concrete and mortar mixers, material handlers, compaction equipment and other concrete power tools. These products further extend Toro’s offering to contractors and rental companies, and complement its recent acquisitions of tree care and turf renovation product lines.

“Stone built a solid reputation around quality,” said Rick Rodier, general manager of Toro’s Sitework Systems Business. “These products are respected by rental and construction customers, and complement our current line of compact utility equipment and trenchers extremely well. We see great opportunity to leverage our core strengths in innovation, engineering and distribution to grow share in these new categories.”

 

Top news

Acquistions from the buyer's perspective

Jim Huston’s summer brainstorming session focused on the ups and downs of buying companies and also included an inside look at one of L&L’s Top 100 companies.

JDL acquires Tieco

The irrigation company has six locations in Alabama and Florida.

Judge blocks EPA rule

President Obama's push would have extended clean water rules to ditches and small streams.

Plantscapers acquires company

Along with expanding into the Palm Springs region, the company also launched a new website.

Take stock of seeds

Grass prices have stabilized and should stay steady.

x