Construction M&A » By The Online Investor Staff, updated Thu., May. 2, 12:50 AM
Recent mergers and acquisitions in the Construction M&A category.
Slide #24. Alamo Group Inc. — Units Of Specialized Industries, LP
Acquirer: |
Alamo Group Inc. (NYSE:ALG) |
Acquiree: |
Units Of Specialized Industries, LP |
Details: |
Alamo Group Inc. (NYSE: ALG) announced that it has entered into an agreement to acquire the operating units of Specialized Industries, LP. This includes the businesses of Super Products LLC, Wausau-Everest LP and Howard P. Fairfield LLC. Super Products is a manufacturer of vacuum trucks and related equipment, parts and service, which is complementary to Alamo's VacAll operation. Wausau-Everest is a manufacturer of snow removal equipment which is complementary to Alamo's Tenco and Henke operations. And, Howard P. Fairfield is a dealer/distribution operation primarily in the New England area. Together the three operations had net sales of approximately $139 million in the fiscal year ending December 31, 2013. Total consideration for the purchase is approximately $186 million, subject to certain adjustments. The purchase is anticipated to close within 45 days and is subject to receiving regulatory approval and completion of other pre-closing requirements. |
Alamo Group is engaged in the design, manufacture and servicing of vegetation management and infrastructure maintenance equipment for governmental, industrial and agricultural use. Co.'s products include tractor mounted and self-propelled mowers, zero-turn mowers, agricultural implements, tree and branch chippers, and forestry/wood recycling equipment. Co.'s segments are: the Vegetation Management Division, which includes agricultural operations and mowing and forestry/tree care operations; and the Industrial Equipment Division, which includes vocational truck business and other industrial operations such as excavators, vacuum trucks, street sweepers, and snow removal equipment.
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May 2, 2024 12:50 AM Eastern
Strong Buy (4.00 out of 4)
99th percentile
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