What smart money is saying about Toromont Industries

Established in 1961 and based in Concord, Canada, Toromont Industries Ltd. is a prominent supplier of specialized capital equipment across Canada, the United States, and various international markets. The company operates through two distinct divisions: the Equipment Group and CIMCO. The Equipment Group is involved in the sale, rental, and servicing of mobile machinery, including Caterpillar products and other manufacturers' offerings. It also deals in the sale, rental, and maintenance of engines utilized in a wide array of applications, such as industrial, commercial, marine, on-highway trucks, and power generation. This segment further provides related products, parts, and services, catering to diverse industries including building, mining, aggregate production, public works, residential construction, agriculture, forestry, and waste management. The CIMCO segment focuses on refrigeration solutions, offering design, engineering, fabrication, installation, and post-installation support for industrial and recreational clients. Its primary markets encompass beverage and food processing, cold storage, food distribution, mining operations, and recreational ice rink facilities.