Construction M&A » By The Online Investor Staff, updated Fri., Apr. 19, 1:29 PM
Recent mergers and acquisitions in the Construction M&A category.
Slide #44. Alamo Group Inc. — Bandit Industries
Acquirer: |
Alamo Group Inc. (NYSE:ALG) |
Acquiree: |
Bandit Industries |
Details: |
Alamo Group Inc. (NYSE: ALG) announced that it has entered into a letter of intent to acquire Bandit Industries, Inc. and its related affiliates. Bandit is a leader in the design, manufacture, distribution and service of wood and brush chippers, whole tree chippers, stump grinders, forestry mowers and other related equipment. Bandit's 2012 fiscal year sales were approximately $107 million and it has over 400 employees. Alamo Group and Bandit have received approval for the acquisition under the Hart-Scott-Rodino Act. The finalization of the transaction is subject to completion of an acquisition agreement and certain 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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April 19, 2024 1:29 PM Eastern
Strong Buy (4.00 out of 4)
100th percentile
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