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Tornado Global Hydrovacs

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uuid000cjex

Namestring
Tornado Global Hydrovacs
Legal namestring
Tornado Infrastructure Equipment Ltd.
Company typeenum
Private
Founded yearint
1984
Descriptiontext

Tornado Infrastructure Equipment Ltd. (operating as Tornado Global Hydrovacs, and also referred to as Tornado Infrastructure Equipment and Tornado Infrastructure Technologies) was a Calgary, Alberta-based manufacturer of vacuum excavation and hydrovac equipment, founded in 1984. Its core products include heavy-duty vacuum excavation trucks (hydrovac trucks), truck-mounted vacuum systems, and semi-trailer mounted industrial vacuum equipment, all designed for non-destructive digging around underground utilities, oil and gas infrastructure, and construction sites. The May 2025 acquisition of CustomVac Services Ltd. (Nisku, Alberta) for $28 million expanded the company's manufacturing and service footprint to include vacuum equipment across oil and gas, utilities, excavation, environmental, and safety sectors.

Tornado's business model is industrial equipment manufacturing: it builds and sells hydrovac and industrial vacuum vehicles to B2B customers in primary verticals — oil and gas, utilities, excavation, environmental, and safety — primarily across Canada and the United States. Pricing is not publicly disclosed. In 2022 the company entered a strategic partnership with Ditch Witch, a Toro Company brand, that produced a joint line of hydrovac trucks and established the foundation for deeper channel integration. In May 2025 Tornado expanded its TD credit facility (to an $8M operating line and a new $25M term loan) to partially fund the CustomVac acquisition.

On October 6, 2025, The Toro Company announced a definitive agreement to acquire Tornado for a fully diluted equity value of C$279 million (C$1.92 per share), with closing expected during Toro's fiscal Q1 2026. The acquisition places Tornado's product portfolio under the Ditch Witch underground construction brand and grants access to Ditch Witch's North American dealer network, formalizing a relationship that had existed through the 2022 strategic partnership.

Short descriptiontext

Tornado Infrastructure Equipment is a Calgary-based manufacturer of vacuum excavation (hydrovac) trucks and industrial vacuum equipment, serving oil and gas, utilities, excavation, environmental, and safety customers across North America. It was acquired by The Toro Company in 2025 for C$279 million.

Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersCalgary, Canada
HQ citystring
Calgary
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
hydrovac truck manufacturing, vacuum excavation equipment, industrial vacuum trucks, non-destructive digging equipment, underground construction machinery
Industry1 code
1Pump & Compressor Packages (Skids, Booster Sets)
CodeIMAHANAGPrimaryYes
NAICS code2 codes
  • Pump and Compressor Manufacturing33391
  • Construction Machinery Manufacturing333120
SIC code4 codes
  • Construction Machinery & Equip3531
  • Industrial Trucks, Tractors, Trailors & Stackers3537
  • General Industrial Machinery & Equipment3560
  • Oil & Gas Field Machinery & Equipment3533
Product category
Vacuum Excavation Trucks (Hydrovac Equipment Manufacturing)
Social media profiles1 record
Cost components6 values
Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Tornado Infrastructure Equipment Ltd. (Tornado Global Hydrovacs) is a Calgary, Alberta-based manufacturer of vacuum excavation trucks (hydrovac trucks) and industrial vacuum equipment. The company designs, builds, and services truck-mounted and semi-trailer mounted vacuum systems used for non-destructive excavation, underground utility installation and maintenance, oilfield services, and environmental cleanup.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Tornado Global Hydrovacs operates as a manufacturer of vacuum excavation and hydrovac equipment. The product portfolio centers on vacuum trucks and industrial vacuum equipment for underground construction applications. The company offers truck-mounted and semi-trailer mounted vacuum systems designed for non-destructive excavation in utilities, oil and gas, environmental, and construction sectors. The product line includes hydrovac trucks for soft excavation and industrial vacuum trucks for material handling. Following the acquisition of CustomVac (Custom Vacuum Services Ltd.), the company expanded its manufacturing and service capabilities for truck-mounted and semi-trailer vacuum equipment across Canadian industrial markets.

Product and service5 records
1Vacuum Excavation Trucks (Hydrovac Trucks)
CategoryHydrovac Trucks
Description

Heavy-duty vacuum excavation vehicles used for underground construction, non-destructive digging, and material removal in utilities, oil and gas, and construction applications.

2Truck-Mounted Vacuum Equipment
CategoryVacuum Equipment
Description

Vacuum equipment mounted on trucks for mobile excavation and material handling operations in oil and gas, utilities, and environmental sectors.

3Semi-Trailer Mounted Vacuum Equipment
CategoryVacuum Equipment
Description

Large-capacity vacuum equipment mounted on semi-trailers for industrial-scale excavation and material removal operations.

4Industrial Vacuum Trucks
CategoryIndustrial Vacuum Trucks
Description

Specialized vehicles equipped with vacuum systems for industrial cleaning, excavation, and material transport applications.

5CustomVac Product Line
CategoryVacuum Equipment (Acquired Brand)
Description

Vacuum equipment products and services acquired from Custom Vacuum Services Ltd. (acquired May 15, 2025 for $28 million), serving oil and gas, utilities, excavation, environmental, and safety sectors across Canada.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-06
Description

Toro Company acquired Tornado Infrastructure Equipment for C$279 million CAD. The acquisition builds on a strategic partnership established in 2022 and expands Toro's underground construction product portfolio through the Ditch Witch brand. Transaction expected to close during fiscal Q1 2026.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2022-01-01
Description

Strategic partnership established in 2022 that produced a joint line of hydrovac trucks. Ditch Witch, a Toro Company brand, collaborated with Tornado on product development for underground construction applications.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Vermeer is a major manufacturer of horizontal directional drills, trenchers, and vacuum excavators serving the same underground construction contractors that buy Tornado hydrovac trucks. It is a direct competitor in the vacuum excavation equipment category.

TypeDirect peer
Description

Ditch Witch, a Toro Company brand, manufactures a competing line of vacuum excavators and HDD equipment for utility and underground construction, and was Tornado's strategic partner prior to Toro's full acquisition. It directly competes with and now houses the Tornado product line.

TypeDirect peer
Description

TRUVAC designs and manufactures hydro and air vacuum excavators for utility locating, slot trenching, and daylighting applications. It is a direct competitor to Tornado in the hydrovac truck segment serving utility and municipal customers.

TypeDirect peer
Description

Vactor is a leading manufacturer of sewer and industrial vacuum trucks, including hydroexcavation models, serving municipalities and contractors. It overlaps with Tornado's industrial vacuum and hydrovac product lines in underground construction and utility work.

TypeDirect peer
Description

GapVax manufactures hydrovac excavation trucks, industrial vacuum loaders, and jet/vac combination units for utility, oil and gas, and environmental customers. It directly competes with Tornado across the same end markets and product categories.

TypeDirect peer
Description

Super Products manufactures industrial vacuum trucks, hydro excavators, and sewer cleaners sold to contractors and municipalities. It is a comparable direct peer in the truck-mounted vacuum and hydrovac manufacturing category.

7Rival Hydrovac
TypeEmerging player
Description

Rival Hydrovac is a Canadian hydrovac truck manufacturer and rental provider serving Western Canada. It is comparable as a regional competitor to Tornado in hydrovac truck manufacturing and serves overlapping oil and gas and utility customers.

TypeDirect peer
Description

Vector Technologies designs and builds industrial vacuum loaders, hydro excavators, and material handling systems for environmental, utility, and industrial customers. It is comparable to Tornado in vacuum equipment design and manufacturing.

9Aquatech (Aquatech Equipment & Service)
TypeDirect peer
Description

Aquatech manufactures sewer cleaners, hydro excavators, and industrial vacuum trucks, and operates as both a manufacturer and service provider. It overlaps with Tornado's CustomVac business in serving oil and gas, utility, and environmental service customers.

TypeEmerging player
Description

Sewer Equipment manufactures sewer and hydrovac cleaning trucks for municipal and contractor customers. It is an adjacent peer in the truck-mounted vacuum and hydrovac product category serving overlapping underground infrastructure markets.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Tornado Global Hydrovacs

Vacuum Excavation Trucks (Hydrovac Equipment Manufacturing)tornadotrucks.com

Tornado Infrastructure Equipment is a Calgary-based manufacturer of vacuum excavation (hydrovac) trucks and industrial vacuum equipment, serving oil and gas, utilities, excavation, environmental, and safety customers across North America. It was acquired by The Toro Company in 2025 for C$279 million.

What Tornado Global Hydrovacs does

Tornado Infrastructure Equipment Ltd. (operating as Tornado Global Hydrovacs, and also referred to as Tornado Infrastructure Equipment and Tornado Infrastructure Technologies) was a Calgary, Alberta-based manufacturer of vacuum excavation and hydrovac equipment, founded in 1984. Its core products include heavy-duty vacuum excavation trucks (hydrovac trucks), truck-mounted vacuum systems, and semi-trailer mounted industrial vacuum equipment, all designed for non-destructive digging around underground utilities, oil and gas infrastructure, and construction sites. The May 2025 acquisition of CustomVac Services Ltd. (Nisku, Alberta) for $28 million expanded the company's manufacturing and service footprint to include vacuum equipment across oil and gas, utilities, excavation, environmental, and safety sectors.

Tornado's business model is industrial equipment manufacturing: it builds and sells hydrovac and industrial vacuum vehicles to B2B customers in primary verticals — oil and gas, utilities, excavation, environmental, and safety — primarily across Canada and the United States. Pricing is not publicly disclosed. In 2022 the company entered a strategic partnership with Ditch Witch, a Toro Company brand, that produced a joint line of hydrovac trucks and established the foundation for deeper channel integration. In May 2025 Tornado expanded its TD credit facility (to an $8M operating line and a new $25M term loan) to partially fund the CustomVac acquisition.

On October 6, 2025, The Toro Company announced a definitive agreement to acquire Tornado for a fully diluted equity value of C$279 million (C$1.92 per share), with closing expected during Toro's fiscal Q1 2026. The acquisition places Tornado's product portfolio under the Ditch Witch underground construction brand and grants access to Ditch Witch's North American dealer network, formalizing a relationship that had existed through the 2022 strategic partnership.

Tornado Global Hydrovacs firmographics

Firmographics
Name
Tornado Global Hydrovacs
Legal name
Tornado Infrastructure Equipment Ltd.
Website
https://tornadotrucks.com
Company type
Private
Founded year
1984
Operating status
Acquired
Headcount range
251–500 employees
Short description
Tornado Infrastructure Equipment is a Calgary-based manufacturer of vacuum excavation (hydrovac) trucks and industrial vacuum equipment, serving oil and gas, utilities, excavation, environmental, and safety customers across North America. It was acquired by The Toro Company in 2025 for C$279 million.
Ownership category
akta.pro rank

Tornado Global Hydrovacs industry classification

Industry
Product category
Vacuum Excavation Trucks (Hydrovac Equipment Manufacturing)
NAICS
Pump and Compressor Manufacturing (33391), Construction Machinery Manufacturing (333120)
SIC
Construction Machinery & Equip (3531), Industrial Trucks, Tractors, Trailors & Stackers (3537), General Industrial Machinery & Equipment (3560), Oil & Gas Field Machinery & Equipment (3533)
akta.pro primary industry
Pump & Compressor Packages (Skids, Booster Sets) (IMAHANAG)

Keywords

  • Hydrovac truck manufacturing
  • Vacuum excavation equipment
  • Industrial vacuum trucks
  • Non-destructive digging equipment
  • Underground construction machinery

Where Tornado Global Hydrovacs is headquartered

Location

Headquarters

HQ city
Calgary
HQ country
Canada
HQ region
North America

Markets served

Tornado Global Hydrovacs business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Tornado Global Hydrovacs product offering

Product offering

Core offering

Tornado Infrastructure Equipment Ltd. (Tornado Global Hydrovacs) is a Calgary, Alberta-based manufacturer of vacuum excavation trucks (hydrovac trucks) and industrial vacuum equipment. The company designs, builds, and services truck-mounted and semi-trailer mounted vacuum systems used for non-destructive excavation, underground utility installation and maintenance, oilfield services, and environmental cleanup.

Product overview

Tornado Global Hydrovacs operates as a manufacturer of vacuum excavation and hydrovac equipment. The product portfolio centers on vacuum trucks and industrial vacuum equipment for underground construction applications. The company offers truck-mounted and semi-trailer mounted vacuum systems designed for non-destructive excavation in utilities, oil and gas, environmental, and construction sectors. The product line includes hydrovac trucks for soft excavation and industrial vacuum trucks for material handling. Following the acquisition of CustomVac (Custom Vacuum Services Ltd.), the company expanded its manufacturing and service capabilities for truck-mounted and semi-trailer vacuum equipment across Canadian industrial markets.

Differentiator

Problem solved

Functional benefit

Products and services

  • Vacuum Excavation Trucks (Hydrovac Trucks) Heavy-duty vacuum excavation vehicles used for underground construction, non-destructive digging, and material removal in utilities, oil and gas, and construction applications.
  • Truck-Mounted Vacuum Equipment Vacuum equipment mounted on trucks for mobile excavation and material handling operations in oil and gas, utilities, and environmental sectors.
  • Semi-Trailer Mounted Vacuum Equipment Large-capacity vacuum equipment mounted on semi-trailers for industrial-scale excavation and material removal operations.
  • Industrial Vacuum Trucks Specialized vehicles equipped with vacuum systems for industrial cleaning, excavation, and material transport applications.
  • CustomVac Product Line Vacuum equipment products and services acquired from Custom Vacuum Services Ltd. (acquired May 15, 2025 for $28 million), serving oil and gas, utilities, excavation, environmental, and safety sectors across Canada.

Companies that use Tornado Global Hydrovacs

Customer profile

Segments5 records

Ideal customer profiles4 records

Tornado Global Hydrovacs technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Tornado Global Hydrovacs partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • The Toro CompanycoreStrategic or Co-development Partner · 6 October 2025Toro Company acquired Tornado Infrastructure Equipment for C$279 million CAD. The acquisition builds on a strategic partnership established in 2022 and expands Toro's underground construction product portfolio through the Ditch Witch brand. Transaction expected to close during fiscal Q1 2026.
  • Ditch WitchcoreStrategic or Co-development Partner · 1 January 2022Strategic partnership established in 2022 that produced a joint line of hydrovac trucks. Ditch Witch, a Toro Company brand, collaborated with Tornado on product development for underground construction applications.

Scale indicators5 records

Recent moves5 records

Expansion highlights6 records

Tornado Global Hydrovacs competitors and assessment

Company assessment

Direct peers

  • Vermeer Corporation: Vermeer is a major manufacturer of horizontal directional drills, trenchers, and vacuum excavators serving the same underground construction contractors that buy Tornado hydrovac trucks. It is a direct competitor in the vacuum excavation equipment category.
  • Ditch Witch (Charles Machine Works): Ditch Witch, a Toro Company brand, manufactures a competing line of vacuum excavators and HDD equipment for utility and underground construction, and was Tornado's strategic partner prior to Toro's full acquisition. It directly competes with and now houses the Tornado product line.
  • TRUVAC (Barreto Manufacturing): TRUVAC designs and manufactures hydro and air vacuum excavators for utility locating, slot trenching, and daylighting applications. It is a direct competitor to Tornado in the hydrovac truck segment serving utility and municipal customers.
  • Vactor Manufacturing: Vactor is a leading manufacturer of sewer and industrial vacuum trucks, including hydroexcavation models, serving municipalities and contractors. It overlaps with Tornado's industrial vacuum and hydrovac product lines in underground construction and utility work.
  • GapVax: GapVax manufactures hydrovac excavation trucks, industrial vacuum loaders, and jet/vac combination units for utility, oil and gas, and environmental customers. It directly competes with Tornado across the same end markets and product categories.
  • Super Products LLC: Super Products manufactures industrial vacuum trucks, hydro excavators, and sewer cleaners sold to contractors and municipalities. It is a comparable direct peer in the truck-mounted vacuum and hydrovac manufacturing category.
  • Vector Technologies Ltd. Vector Technologies designs and builds industrial vacuum loaders, hydro excavators, and material handling systems for environmental, utility, and industrial customers. It is comparable to Tornado in vacuum equipment design and manufacturing.
  • Aquatech (Aquatech Equipment & Service): Aquatech manufactures sewer cleaners, hydro excavators, and industrial vacuum trucks, and operates as both a manufacturer and service provider. It overlaps with Tornado's CustomVac business in serving oil and gas, utility, and environmental service customers.

Emerging players

  • Rival Hydrovac: Rival Hydrovac is a Canadian hydrovac truck manufacturer and rental provider serving Western Canada. It is comparable as a regional competitor to Tornado in hydrovac truck manufacturing and serves overlapping oil and gas and utility customers.
  • Sewer Equipment Company of America: Sewer Equipment manufactures sewer and hydrovac cleaning trucks for municipal and contractor customers. It is an adjacent peer in the truck-mounted vacuum and hydrovac product category serving overlapping underground infrastructure markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Tornado Global Hydrovacs social profiles

Digital presence

Tornado Global Hydrovacs financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Tornado Global Hydrovacs leadership team

Management profile

Number of profiles

Tornado Global Hydrovacs subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Tornado Global Hydrovacs funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Tornado Global Hydrovacs M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tornado Global Hydrovacs

What does Tornado Global Hydrovacs do?

Tornado Infrastructure Equipment Ltd. (Tornado Global Hydrovacs) is a Calgary, Alberta-based manufacturer of vacuum excavation trucks (hydrovac trucks) and industrial vacuum equipment. The company designs, builds, and services truck-mounted and semi-trailer mounted vacuum systems used for non-destructive excavation, underground utility installation and maintenance, oilfield services, and environmental cleanup.

Is Tornado Global Hydrovacs a public or private company?

Tornado Global Hydrovacs is a private company. It is classified as corporate owned and is currently acquired.

When was Tornado Global Hydrovacs founded?

Tornado Global Hydrovacs was founded in 1984. It employs 251 to 500 people.

Where is Tornado Global Hydrovacs based?

Tornado Global Hydrovacs is headquartered in Calgary, Canada, in the North America region.

Who are Tornado Global Hydrovacs's main competitors?

Direct peers on record are Vermeer Corporation, Ditch Witch (Charles Machine Works), TRUVAC (Barreto Manufacturing), Vactor Manufacturing, GapVax, Super Products LLC, Vector Technologies Ltd. and Aquatech (Aquatech Equipment & Service). Emerging players are Rival Hydrovac and Sewer Equipment Company of America.

Does Tornado Global Hydrovacs have an API?

No public API is recorded for Tornado Global Hydrovacs.

What industry is Tornado Global Hydrovacs in?

Tornado Global Hydrovacs's product category is Vacuum Excavation Trucks (Hydrovac Equipment Manufacturing). Its primary akta.pro industry code is IMAHANAG, Pump & Compressor Packages (Skids, Booster Sets). Its NAICS code is 33391 and its SIC code is 3531.

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Live signals
Investing.comToro faces critical earnings test in peak selling season By Investing.comThe Toro Company is scheduled to report its fiscal second-quarter earnings on Thursday before market opens, with analysts expecting earnings of $1.50 per share on revenue of $1.39 billion, representing year-over-year increases of 5.6% and 5.3% respectively. The company will face scrutiny on its professional segment performance, which accounts for nearly 80% of fiscal 2024 sales, as well as the first full-quarter contribution from the Tornado Infrastructure Equipment acquisition completed in December 2025. Residential demand during the critical spring selling season and the integration of the Calgary-based hydrovac equipment manufacturer will be key factors in determining whether Toro can sustain momentum from its first-quarter beat and validate management's raised full-year guidance.Investing.comToro Q4 2025 slides: Professional segment strength drives earnings beat despite revenue dip By Investing.comThe Toro Company reported Q4 2025 earnings per share of $0.91, beating analyst expectations and driving an 8.88% pre-market stock surge despite a 1.6% decline in full-year net sales to $4.51 billion. The company’s professional segment drove performance with 1.9% sales growth and improved margins, while record free cash flow of $578 million was achieved amid successful tariff mitigation strategies. Toro provided fiscal 2026 guidance projecting 2% to 5% net sales growth and adjusted EPS between $4.35 and $4.50, supported by its acquisition of Tornado Infrastructure Equipment and continued innovation in electrification and autonomous solutions.Investing.comEarnings call transcript: Toro Co’s Q4 2025 earnings beat expectations By Investing.comToro Co reported fourth-quarter 2025 earnings that exceeded market expectations, with an EPS of $0.91 and revenue of $1.07 billion, leading to an 8.32% surge in pre-market stock trading. The company achieved record free cash flow of $587 million for the full year and announced the acquisition of Tornado Infrastructure Technologies to expand its underground construction capabilities.ACCESS NewswireTornado Infrastructure Equipment to Be Acquired by the Toro CompanyToro Company agreed to acquire Tornado Infrastructure Equipment in an all-cash deal for CAD $1.92 per share, valuing the company at approximately CAD $279.3 million. The price represents a 43.7% premium to the 12-month volume-weighted average trading price, and the transaction is expected to close in the fourth quarter of 2025.Business Wire BlogThe Toro Company to Acquire Tornado Infrastructure Equipment Ltd.The Toro Company announced a definitive agreement to acquire Tornado Infrastructure Equipment Ltd., a vacuum truck manufacturer, for $1.92 per share, a fully diluted equity value of $279 million. The all-cash deal includes a 4% premium and is expected to close in fiscal 2026 Q1, with anticipated annual run-rate cost synergies of $3 million over three years.ThetorocompanyThe Toro Company to Acquire Tornado Infrastructure Equipment Ltd.The Toro Company has entered into a definitive agreement to acquire Tornado Infrastructure Equipment Ltd. for a fully diluted equity value of $279 million CAD, subject to regulatory and shareholder approvals. This acquisition expands Toro's underground construction product portfolio and market reach, building on a strategic partnership established in 2022. The transaction is anticipated to close during Toro’s fiscal 2026 first quarter.TipranksToro Company to acquire Tornado Infrastructure Equipment for C$1.92 per shareThe Toro Company announced its plan to acquire Tornado Infrastructure Equipment, a Calgary-based manufacturer of vacuum trucks and industrial equipment, in a deal valued at C$279 million. The acquisition, expected to close in fiscal 2026 first quarter, involves financing through debt and aims for cost synergies and earnings accretion.GlobeNewswireTornado Infrastructure Equipment Reports First Quarter 2025 ResultsTornado Infrastructure Equipment reported Q1 2025 net income of $2,846, up 17.3% year-over-year, and closed a $28 million cash acquisition of CustomVac. Revenue rose 5.1% to $35,649, driven by hydrovac truck sales and a Ditch Witch supply contract. The company expects the acquisition to be profitable and accretive.GlobeNewswireTornado Announces Stock Option GrantTornado Infrastructure Equipment Ltd. granted incentive stock options for up to 500,000 common shares to a key employee, effective May 20, 2025. The options have an exercise price of $1.71 per share and expire five years from the grant date.GlobeNewswireTornado Completes Strategic Acquisition of CustomVac and Amends TD Credit FacilityTornado Infrastructure Equipment completed its acquisition of CustomVac for $28 million in cash, expanding its product line into vacuum equipment for environmental and waste management. The deal is expected to be profitable and accretive, with CustomVac's trailing 12-month gross profit of $9.58 million. Tornado also amended its TD credit facility, adding a $25 million term loan.