Alamo Group Inc., a global manufacturer of industrial and vegetation management equipment, announces the acquisition of Petersen Industries, Inc.
The purchase price of $166.5 million will be financed through a combination of cash and credit facility availability.
Petersen Industries, known for innovative grapple loader equipment, achieved $75 million in revenue in 2024.
Acquisition Details
Alamo Group to acquire Petersen Industries for approximately $166.5 million, enhancing its product portfolio.
Strategic Fit
Petersen's market-leading grapple truck loaders complement Alamo Group's existing offerings, aligning with the company's growth strategy.
Financial Impact
The acquisition is expected to be accretive to Alamo Group's growth and margins, providing recurring revenue through aftermarket parts and services.
- The acquisition will position Alamo Group as a stronger player in the industrial equipment market, expanding its capabilities in bulky waste collection.
- By integrating Petersen into its supply chain and dealer networks, Alamo Group aims to unlock cost savings and drive revenue growth.
- Petersen's innovative products are anticipated to enhance Alamo Group's market presence and customer offerings.
Alamo Group's acquisition of Petersen Industries marks a strategic move to strengthen its product portfolio and market position, promising long-term growth and synergies.