Toledo was successful on the ice, being the first IHL team to win multiple Turner Cup championships, and the first to do so consecutively.

Toledo defeated the Windsor Hettche Spitfires four games to one in the IHL championship series.

In a rematch of the previous season's IHL championship, Windsor defeated Toledo four games to three.

For the 1949–50 season, the team was known as the Toledo Buckeyes while playing in the Eastern Amateur Hockey League.

Toledo won consecutive Turner Cups in 1950–51 and 1951–52 defeating the Grand Rapids Rockets in the finals both seasons.