The Online Investor
Construction M&A image Construction M&A » By The Online Investor Staff, updated Tue., Jan. 26, 4:40 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 and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. Co.'s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, forestry and tree maintenance equipment, snow removal equipment, leaf collection equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket parts. Co. sells its products primarily through a network of independent dealers and distributors to governmental end-users, related independent contractors, as well as to the agricultural and commercial turf markets.

ALG SEC Filing Email Alerts Service


Open the ALG Page at The Online Investor »

Company Name: 
Alamo Group, Inc.
Stock buyback: 
ALG buyback
Website: 
www.alamo-group.com
Sector: 
Industrial Machinery & Equipment
Number of ETFs Holding ALG: 
47
Total Market Value Held by ETFs: 
$288.51M
Total Market Capitalization: 
$1.81B
% of Market Cap. Held by ETFs: 
15.90%
 

Open the ALG Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Strong Buy (3.50 out of 4)
62nd percentile
(ranked higher than approx. 62% of all stocks covered)

Analysts' Target Price:
ALG Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Construction M&A - Slide 24 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.