What Does Toromont Industries Ltd. Do?

Total employees6800
HeadquartersConcord
Founded1961

Toromont Industries Ltd. (TSX: TIH) is a major Canadian diversified company. It operates Toromont Cat, one of the largest Caterpillar dealerships globally, offering sales, rentals, and servicing of heavy equipment, power systems, and material handling products across Eastern and Central Canada, including Ontario, Quebec, Manitoba, Saskatchewan, Nunavut, Newfoundland and Labrador, and the Maritimes. Additionally, Toromont includes CIMCO, a leader in the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. Toromont serves a broad array of industries such as construction, mining, aggregates, C&I, oil and gas, power generation, and food & beverage, emphasizing customer solutions and after-market support.

Where Is Toromont Industries Ltd.'s Headquarters?

Toromont Industries Ltd. officeToromont Industries Ltd. officeToromont Industries Ltd. officeToromont Industries Ltd. office
*Images sourced via web search. Rights belong to original owners

HQ Function

Serves as the corporate headquarters, housing executive leadership, finance, legal, human resources, and strategic planning for Toromont Industries Ltd. and its operating divisions, Toromont Cat and CIMCO.

Notable Features:

A modern corporate office facility, likely co-located with significant operational assets for Toromont Cat, reflecting the company's core business. Designed for efficiency, collaboration, and to support its extensive dealer network.

Work Culture:

A professional and results-oriented environment, emphasizing safety, customer satisfaction, technical expertise, and operational excellence. The culture likely fosters teamwork, continuous improvement, and industry leadership in line with Caterpillar standards and its own corporate values.

HQ Significance:

The headquarters is the central nervous system for strategic decision-making, financial oversight, and unified management of Toromont's widespread Canadian operations. Its location in Concord offers strategic access to major transportation routes, a skilled labor pool, and key business partners within the Greater Toronto Area's economic hub.

Values Reflected in HQ: The headquarters likely embodies Toromont's core values of integrity, reliability, customer commitment, and operational excellence through a functional, well-managed, and professional corporate environment geared towards long-term growth and stakeholder value.

Location:

Toromont Industries Ltd.'s primary operations are concentrated within Canada, where it holds exclusive Caterpillar dealership rights across seven provinces and one territory. Its extensive network of branches provides sales, service, and parts distribution for Caterpillar machinery and power systems. While Toromont Cat's direct operations are Canadian, CIMCO, its refrigeration division, undertakes projects and provides solutions internationally, extending Toromont's expertise in industrial and recreational refrigeration to global markets. The company's partnership with Caterpillar, a global brand, also inherently connects it to worldwide standards and supply chains.

Street Address:

3131 Highway 7 West, P.O. Box 250

City:

Concord

State/Province:

Ontario

Country:

Canada

Where Else Does Toromont Industries Ltd. Operate Around the World?

Pointe-Claire, Quebec, Canada

Address: 150 Av. de la Baie de Valois, Pointe-Claire, QC H9R 4R9, Canada

Serves as a key support center for customers in Quebec and the Maritimes, ensuring equipment uptime and providing comprehensive Caterpillar solutions tailored to regional needs.

Calgary, Alberta, Canada

Address: Bay 5, 6130 - 4th Street SE, Calgary, AB T2H 2A2, Canada

Supports CIMCO's industrial and recreational refrigeration projects across Alberta and Western Canada, providing specialized expertise and local service capabilities.

Winnipeg, Manitoba, Canada

Address: 1000 McGillivray Blvd, Winnipeg, MB R3T 1N7, Canada

Acts as a central point of contact and support for Caterpillar customers throughout Manitoba, ensuring product availability and responsive service.

Buying Intent Signals for Toromont Industries Ltd.

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Toromont Industries Ltd.? Meet the Executive Team

As of April 2025, Toromont Industries Ltd.' leadership includes:

Scott J. Medhurst - President and Chief Executive Officer
Michael Cuddy - Chief Financial Officer
John M. Doolittle - Executive Vice President and Chief Operating Officer, Toromont Cat
Joel Couture - President, CIMCO Refrigeration
Tara McCarville - Senior Vice President, Human Resources
Jennifer J. Morais - Vice President, General Counsel and Corporate Secretary

Who's Investing in Toromont Industries Ltd.?

Toromont Industries Ltd. has been backed by several prominent investors over the years, including:

RBC Global Asset Management Inc.
BMO Asset Management Inc.
The Vanguard Group, Inc.
CIBC Asset Management Inc.
TD Asset Management Inc.
Fidelity Management & Research Company LLC

What Leadership Changes Has Toromont Industries Ltd. Seen Recently?

Hire0
Exits0

Toromont Industries Ltd. has maintained stability in its core C-suite executive team over the past 12 months (May 2023 - May 2024), with no new C-suite hires or departures publicly announced during this specific period. The most recent significant C-suite transition occurred in May 2023 with a change in the Chief Financial Officer role.

What Technology (Tech Stack) Is Used byToromont Industries Ltd.?

Discover the tools Toromont Industries Ltd. uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Toromont Industries Ltd. Email Formats and Examples

Toromont Industries Ltd. commonly uses a standardized email format for its employees. While multiple formats might exist within a large organization, a prevalent one is the first initial followed by the last name.

[first_initial][last]@toromont.com

Format

jsmith@toromont.com

Example

75%

Success rate

What's the Latest News About Toromont Industries Ltd.?

Toromont Industries Ltd. Investor Relations • May 7, 2024

Toromont Industries Ltd. Announces Q1 2024 Results and Quarterly Dividend

Toromont Industries reported its financial results for the first quarter ended March 31, 2024. The company announced revenues of $1.13 billion and net earnings of $102.9 million. A quarterly dividend of $0.47 per share was also declared....more

GlobeNewswire • May 7, 2024

Toromont Announces Results of Election of Directors

Toromont Industries Ltd. announced the results of the election of directors at its Annual Meeting of Shareholders. All nominated directors were elected....more

Toromont Industries Ltd. Investor Relations • February 13, 2024

Toromont Industries Ltd. Reports Strong 2023 Results and Dividend Increase

Toromont reported record revenues and earnings for the full year 2023. Revenues were $4.7 billion with net earnings of $510.8 million. The Board of Directors also approved a 16% increase in the quarterly dividend to $0.47 per share....more

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