Federal Signal acquires Standard Equipment for $38.8M plus earn-out

FEDERAL SIGNAL CORP /DE/

Initial purchase price of $38.8M, with contingent earn-out up to $4.8M based on financial targets.
Acquisition closed Oct 4, 2024; expected to be accretive to earnings and cash flow in 2025.
Standard Equipment is a distributor of specialty maintenance and infrastructure equipment in IL and IN.
Standard has been a partner for Federal Signal's Vactor, Elgin, and TRUVAC product lines since 1969.
Deal expands Federal Signal's aftermarket platform with parts, services, rental, and used equipment.

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