WorldWide Drilling Resource

13 WorldWide Drilling Resource ® APRIL 2019 Toro Company Acquires Charles Machine Works The Toro Company has entered into a definitive agreement to acquire The Charles Machine Works, Inc., an Oklahoma corporation and the parent company of Ditch Witch, as well as several other leading brands in the underground construction market. “The addition of Charles Machine Works will further strengthen our portfolio of market-leading brands supported by talented employees, a commitment to innovation, a best-in-class dealer network, and long-standing customer relationships,” said Richard M. Olson, Toro’s chairman and CEO. “As an organization, Charles Machine Works aligns well with, and will contribute to, our own strategic priorities . . . The company expands our business in a meaningful way, in an adjacent category, we know well through our own specialty construction business and in a market that is attractive given the potential for growth in addressing both aging infrastructure that is currently in place and new infrastructure that will be needed to support next generation technologies like 5G.” WHO’S IN THE NEWS The Texas Ground Water Association (TGWA) presented Justin Abel with the Robert “Bob” J. Neeley Award for his dedi- cated service to TGWA and the Texas water well industry. Breaking News Additional announcements from the Texas Ground Water Association, Minnesota Water Well Association, Deep Foundations Institute, Astec Industries, and Newmont Mining Corporation are located in our online issue at: worldwidedrillingresource.com Send your Who’s in the News to: bonnie@worldwidedrillingresource.com

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