Alamo Group to acquire Petersen Industries for $166.5M, expanding industrial equipment line

ALAMO GROUP INC

Purchase price of $166.5M (~$150M tax-adjusted); represents ~7.9x EBITDA before synergies.
Petersen generated ~$75M revenue in 2024; market leader in truck-mounted grapple loaders for bulky waste.
Transaction expected to close in Q1 2026, subject to HSR and customary conditions.
Financed with cash on hand and credit facility; acquisition expected to be accretive to margins and growth.
Petersen will become part of Alamo Group's Industrial Equipment Division; operations to continue in Lake Wales, FL.

item 1.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.