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.)
  • Battlefield - The CAT Rental Store was acquired in 1996 and since that time has grown from one location, to thirty-eight.
  • 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.