Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns run through Federal Signal's acquisitions — what it looks for, how it pays, and how it folds in what it buys.
16 acquisitions — each with the deal value, financing structure, target revenue, and executive commentary where disclosed.
Acquired the Canadian manufacturer of rugged vacuum trucks (from Advance Engineered Products) to enter a new product line and expand the Environmental Solutions Group's reach into new markets.
Acquired the Canadian-based distributor of municipal and industrial maintenance equipment to broaden the aftermarket/distribution platform and expand Federal Signal's footprint across North America. US$96.6 million initial (plus deferred C$8.0M and contingent consideration).
Federal Signal's largest bolt-on: acquired the leading U.S. manufacturer of dump truck bodies and trailers, strengthening the Environmental Solutions Group's chassis-based specialty-vehicle position and rebalancing municipal vs. industrial revenue mix. US$271.8 million initial (inclusive of cash acquired; later reduced ~$3.0M for working capital).
Acquired the U.S. manufacturer of truck-mounted and ride-on road-marking and line-removal equipment (including HighMark Traffic Services), giving an efficient entry into a new product line and new markets.
Acquired certain assets and operations of the distributor of maintenance and infrastructure equipment covering the Carolinas and parts of Tennessee, extending Federal Signal's dealer/distribution network.
Acquired the manufacturer of dump truck bodies and custom truck-equipment upfitter (including subsidiaries Northend Truck Equipment and Western Truck Body), expanding the Company's geographic footprint and dump-body/trailer product offerings. US$52.5 million initial.
Acquired the leading manufacturer of specialty material-handling vehicles supporting metals extraction, further building Federal Signal's diversified specialty-vehicle platform for maintenance and infrastructure markets.
Acquired the designer/manufacturer of interchangeable truck-body systems and waste-hauling products (front/rear loaders, roll-off containers), strengthening Federal Signal's specialty-vehicle position and geographic footprint. US$38.1 million (plus contingent earn-out of up to US$7.5 million).
Acquired the leading manufacturer of off-road towing and hauling equipment, bolstering Federal Signal's position as a diversified specialty-vehicle maker for maintenance and infrastructure markets with a strong aftermarket platform.
Acquired the U.S. manufacturer of truck-mounted waterblasting equipment, adding to Federal Signal's road-marking and surface-preparation product lines in the Environmental Solutions Group. US$13.0 million initial (plus contingent earn-out of up to US$8.0 million).
Acquired the leading Canadian manufacturer of off-road, multi-purpose maintenance vehicles and attachments, extending the Company's specialty-vehicle portfolio into all-season municipal/infrastructure equipment. C$54.0 million (~US$40.0 million) initial, plus contingent earn-out of up to C$6.0 million (~US$4.4 million).
Acquired substantially all assets and operations of the leading distributor of specialty maintenance and infrastructure equipment for municipal and industrial markets in parts of Illinois and Indiana, deepening Federal Signal's dealer network. US$39.6 million initial.
Acquired the leading U.S. manufacturer of truck-mounted road-marking, line-removal, and waterblasting equipment serving infrastructure, municipal, and airport markets, expanding Federal Signal's surface-maintenance product portfolio. US$82.5 million initial.
Acquired the leading U.S. designer and manufacturer of refuse collection vehicles, a transformational bolt-on that strengthens Federal Signal's position as a diversified industrial manufacturer of specialty vehicles. US$403.6 million (initial payment, net of cash acquired).
The Company expects the acquisition of New Way will strengthen its position as an industry-leading, diversified industrial manufacturer of specialty vehicles.
Acquired certain assets and operations of the Texas-based distributor of maintenance and infrastructure equipment, further extending Federal Signal's distribution reach.
Acquired all outstanding equity of Mega Corp. and a related production facility; Mega is a leading manufacturer of specialty vehicles and equipment for global metal-extraction and construction markets, deepening Federal Signal's industrial-market depth. ~US$45 million initial.
Mega represents a compelling strategic fit that enhances our depth in the global metal extraction and construction markets.