Alamo Group acquired Royal Truck & Equipment, Inc. for approximately $32 million, a transaction completed in October 2023, structured as all cash (100% of equity).
Royal Truck & Equipment, Inc. operates in Industrial / highway safety, is based in Shoemakersville, Pennsylvania, USA. Alamo acquired 100% of the equity of Royal Truck & Equipment, Inc. on October 10, 2023 for about $32 million. Royal Truck, based in Shoemakersville, Pennsylvania, is a leading maker of truck-mounted highway attenuator trucks and other specialty trucks for the highway-infrastructure and traffic-control market.
Alamo said the deal added operations in the adjacent highway-safety-and-equipment market, where it sees compelling future opportunities.
On October 10, 2023, the Company acquired 100% of the issued and outstanding equity capital of Royal Truck & Equipment, Inc. The primary reason for the Royal Truck acquisition was to acquire business operations in an adjacent market, highway safety and equipment.Alamo Group Inc. FY2025 10-K, Business Combinations note
Advisory firms were not disclosed for this transaction.