FEDERAL SIGNAL CORP /DE/ (FSS): M&A transaction — Federal Signal completes $426M New Way Trucks acquisition; raises 2025 guidance

FEDERAL SIGNAL CORP /DE/

Paid $396M for equity plus $30M for Iowa and Mississippi facilities; deal closed Nov 25, 2025.
New Way has >750 employees; backlog exceeds $100M; leader in automated side loader refuse trucks.
Raises FY2025 net sales outlook to $2.12B-$2.16B (from $2.10B-$2.14B); adjusted EPS to $4.12-$4.20.
Expects neutral EPS impact in 2025 and 2026; accretion of $0.40-$0.45/sh by 2028 with $15M-$20M synergies.
New Way's 2026 outlook neutral; anticipated purchase accounting and integration costs.

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

FEDERAL SIGNAL CORP /DE/ completed an acquisition involving McLaughlin Family Companies Inc. and Scranton Manufacturing Company LLC d/b/a New Way Trucks for an initial purchase price of $396 million (closed 2025-11-25).

Action: acquisition
Counterparty: McLaughlin Family Companies Inc. and Scranton Manufacturing Company LLC d/b/a New Way Trucks
Consideration: an initial purchase price of $396 million
Closing: 2025-11-25

Exact text from the filing

On November 25, 2025, pursuant to the terms and conditions of the Purchase Agreement, the Company completed the acquisition of all of the outstanding equity interests of New Way for an initial purchase price of $396 million, which is subject to certain closing and post-closing adjustments (the “Acquisition”).

View on SEC.gov

Browse all m&a transactions →

FEDERAL SIGNAL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001628280-25-054406

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.