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Alamo Group Acquires Econ Engineering Group for £120M
Alamo Group announced that it has acquired Econ Engineering Group, a leading UK manufacturer of roadway maintenance trucks and equipment for GBP 120M, or approximately $158,700,000, subject to customary closing adjustments. Founded in 1969 and headquartered in Ripon, North Yorkshire, Econ manufactures equipment used in year-round road maintenance, including gritters, de-icing vehicles, road patching and repair equipment, and multi-purpose truck bodies. For its FY26, Econ generated approximately $88M of net sales and $38.5M of Adjusted EBITDA. Following the acquisition, Econ will become part of Alamo Group's Industrial Equipment Division. The purchase price of GBP 120 million was funded through Alamo Group's revolving credit facility. D.A. Davidson MCF International served as financial advisor to Alamo Group for the acquisition.
Alamo Group Reports Q2 Revenue of $450.7M
Reports Q2 revenue $450.7M, consensus $437.48M. Robert Hureau, Alamo Group's President and Chief Executive Officer, commented, "Our second quarter results reflect continued execution across the business, highlighted by strong sales growth in our Industrial Equipment Division, improved adjusted earnings, and solid adjusted EBITDA performance. Conditions across our end markets remain mixed, and our teams continue to focus on operational improvement, and disciplined execution of our strategic priorities."
Alamo Group Q1 Revenue Exceeds Expectations at $417.1M
Reports Q1 revenue $417.1M, consensus $398.02M. Robert Hureau, Alamo Group's President, and Chief Executive Officer commented, "We are pleased with the financial results for the first quarter and we believe there is good momentum across many of our key initiatives aimed at creating long-term value for our employees and shareholders."
Alamo Group Reports Q4 Revenue of $373.7M
Reports Q4 revenue $373.7M, consensus $405.18M. Robert Hureau, Alamo Group's President, and CEO commented, "Fiscal year 2025 was a year of transition as we position our Company for long term growth and success. Over the past few months, we've taken several decisive steps to strengthen our foundation including restructuring certain manufacturing facilities, reshaping the organizational structure, sharpening our commercial and operational priorities, accelerating our M&A engine and setting a clear vision for the future. Despite the challenges in the quarter, I'm excited about where we are taking our company and the success that lies ahead."
Alamo Group Acquires Petersen Industries for $166.5M
Alamo Group announced that it has signed a definitive agreement to acquire Petersen Industries, a manufacturer of truck-mounted grapple loader equipment for a purchase price of $166.5M. The purchase price, which is subject to customary post-closing adjustments, will be financed with a combination of cash on hand and availability under Alamo Group's credit facility. When adjusted for the present value of expected tax benefits, the purchase price is approximately $150M. The price represents approximately 7.9x earnings before interest, taxes, depreciation and amortization, not including expected positive run-rate synergies. Upon closing, Petersen will become part of Alamo Group's Industrial Equipment Division. The company, based in Lake Wales, Florida, achieved annual revenue of approximately $75M in 2024. The Company anticipates completing the transaction during the first quarter of 2026, subject to regulatory approval and customary closing conditions. The acquisition is expected to be accretive to Alamo Group's growth and margins and to deliver solid recurring revenue from its aftermarket parts and services offerings.
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