The Toro Company acquired USPraxis, Inc. for Not disclosed (within Toro's ~$9.14 million aggregate fiscal 2010 acquisitions). The deal was a Asset purchase.
USPraxis, Inc. operates in Professional (rental & specialty construction), is based in United States. During fiscal 2010 Toro acquired certain assets and assumed certain liabilities of USPraxis, Inc., a manufacturer of stump grinders, wood chippers and log splitters for rental centers and landscape professionals. The individual price was not disclosed; total fiscal 2010 acquisitions aggregated about $9.14 million. Exact closing date within fiscal 2010 is not disclosed, so no timeline date is asserted.
USPraxis broadened Toro's equipment solutions for the rental and landscape markets.
Rental & specialty construction
Advisory firms were not disclosed for this transaction.