# Toro Company to acquire Charles Machine Works for $700M

The Toro Company announced a definitive agreement to acquire Charles Machine Works, parent of Ditch Witch, for $700 million in cash. The transaction is expected to close before the end of Toro's fiscal 2019 third quarter.

- Type: Acquisition
- Announced: 2019-02-15
- Where: Oklahoma, United States
- Value: $700.0M
- Status: announced
- Products: horizontal directional drills, trenchers, utility loaders, vacuum excavators, asset locators, pipe rehabilitation solutions, after-market tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [The Toro Company](https://endata.com/companies/13565.md) (acquirer)
- [The Charles Machine Works](https://endata.com/companies/37365.md) (target)

## Sources

- [thetorocompany.com](https://www.thetorocompany.com/news-releases/news-release-details/toro-company-acquire-charles-machine-works-inc), 2019-02-15: "The Toro Company today announced that it has entered into a definitive agreement to acquire privately-held The Charles Machine Works, Inc."
- [thetorocompany.com](https://www.thetorocompany.com/news-releases/news-release-details/toro-company-completes-acquisition-charles-machine-works), 2019-04-01: "The Toro Company today announced that it has successfully completed its acquisition of privately held The Charles Machine Works, Inc."
- [trenchlesstechnology.com](https://trenchlesstechnology.com/looking-at-the-toro-charles-machine-works-deal/), 2019-04-18: "The Toro Co. announced on Feb. 15 that it had acquired the iconic Charles Machine Works (CMW) and its family of trenchless companies — featuring the pioneering Ditch Witch brand — for $700 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.