History
history
history
history

Did You Know? >>

  • In 1961, eight private investors came together to form Toromont Industrial Holdings Ltd.
  • Toromont's first Chairman was a former governor of the Bank of Canada.
  • In 1968, the company's stock was listed on the Toronto Stock Exchange under the ticker symbol TIH - the same symbol used today.
  • Toromont stock has split on a two-for-one basis effective May 2, 1994; on a two-for-one basis effective May 1, 1996; on a two-for-one basis effective May 4, 1998 and on a two-for-one stock basis effective April 14, 2004.
  • On June 1, 2011 completed the spinoff of Toromont's natural gas compression business, Enerflex Ltd., which trades on the Toronto Stock Exchange (TSX: EFX). For Canadian tax purposes, Toromont shareholders are required to allocate the adjusted cost base of their Toromont common shares to their post-spinoff Toromont common shares and Enerflex common shares, based on their relative fair market value at the effective time of the arrangement. Toromont's estimate of this allocation is: Post-spinoff Toromont common shares 56.4% and Post-spinoff Enerflex common shares 43.6%
  • Toromont has paid dividends every year since going public in 1968 and has increased its dividends in each of the last 26 years.
  • One of Toromont's businesses - CIMCO Refrigeration - was founded in 1913.
  • Toromont became a Caterpillar dealer in 1993 with the acquisition of the assets of an Ontario Caterpillar Dealership - and was awarded other Caterpillar franchises in 1996 (Newfoundland and Labrador), 2001 (Manitoba and Nunavut) and 2006 (MaK marine for the entire Great Lakes region.) In 2017 we acquired the assets of another Cat dealership that spanned the territory of Quebec, New Brunswick, Nova Scotia and P.E.I. as well as the MaK territory for the NE United States.
  • Battlefield - The CAT Rental Store was acquired in 1996 and since that time has grown from one location, to 82 locations.
  • In 2014, pursuant to the acquisitions of two private agricultural dealerships in Manitoba, Toromont combined its existing agricultural equipment business to form a new company - Ag West Equipment Ltd.