Federal Signal Corporation acquired Truck Bodies & Equipment International (TBEI / GenNx-TBEI Intermediate Co.) for US$271.8 million initial (inclusive of cash acquired; later reduced ~$3.0M for working capital), a transaction announced in June 2017.
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.
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.
Advisory firms were not disclosed for this transaction.