Toromont is a heavy equipment dealer that mainly sells Caterpillar trucks and equipment. The company has operations in more than 140 locations across Canada and the U.S. About 70% of Toromont’s revenues are from CAT dealership which represents a predictable source of income. It operates through an extensive network of dealers, fleet of service vehicles, and logistics and technology capabilities. New and used equipment accounts for 50% of revenues, followed by product support (39%), and rental (11%). Toromont delivers specialized capital equipment to a diverse range of customers and industries. It operates through two business groups: Equipment group (Toromont CAT, Battlefield, Sitech) and CIMCO. Toromont CAT is one of the world’s largest Caterpillar dealerships, Battlefield is an industry leading rental operation; and CIMCO is a market leader in the design, engineering and after-sale support of refrigeration systems in industrial and recreational markets. Toromont’s huge network of distribution channels, leading product lines and strong relationships with suppliers and business partners are its key competitive advantages.
Investment Data
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Toromont is a heavy equipment dealer that mainly sells Caterpillar trucks and equipment across the country. The company is known for providing specialized capital equipment and services to set of customers across a number of different markets. It operates through … Read more