Federal Signal acquires Ground Force Worldwide for $45M cash, expects Q4 close

FEDERAL SIGNAL CORP /DE/

Cash consideration of $45M for substantially all assets and operations of Ground Force Worldwide (GFW).
GFW generated ~$34M LTM revenue; EBITDA margin within Federal Signal's target range.
Transaction expected to close Q4 2021 and be accretive in the first year post-close.
Acquisition expands specialty vehicle platform serving metal extraction, benefiting from electrification trends.

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