ALAMO GROUP INC (ALG): M&A transaction — Alamo Group completes acquisition of Petersen Industries for ~$166.5M

ALAMO GROUP INC

Acquired 100% of Petersen Industries for approx $166.5M cash-free, debt-free, subject to closing adjustments.
Petersen manufactures specialized truck-mounted grapple loader equipment for municipal and industrial customers.
CEO Robert Hureau says they will leverage Alamo's channel network to strengthen Petersen's market position.
Deal was previously announced on Dec 10, 2025 and closed on Jan 26, 2026.
Consideration paid via Membership Interest Purchase Agreement through subsidiary Alamo Group (USA) Inc.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ALAMO GROUP INC completed an acquisition involving Petersen Industries, Inc. for approximately $166,500,000 on a cash free, debt free basis, subject to certain closing adjustments (closed 2026-01-26).

Action: acquisition
Counterparty: Petersen Industries, Inc.
Consideration: approximately $166,500,000 on a cash free, debt free basis, subject to certain closing adjustments
Closing: 2026-01-26

Exact text from the filing

On January 26, 2026, the Company completed the acquisition of Petersen. Total consideration paid was approximately $166,500,000 on a cash free, debt free basis, subject to certain closing adjustments.

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Source: SEC EDGAR

accession 0000897077-26-000002

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