---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-054406"
form_type: "8-K"
ticker: "FSS"
cik: "0000277509"
company_name: "FEDERAL SIGNAL CORP /DE/"
filed_at: "2025-12-01T23:59:59+00:00"
generated_at: "2026-05-16T15:57:02.732926+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Federal Signal completes $426M New Way Trucks acquisition; raises 2025 guidance

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-054406
- form_type: 8-K
- ticker: FSS
- cik: 0000277509
- company_name: FEDERAL SIGNAL CORP /DE/
- filed_at: 2025-12-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/277509/000162828025054406/0001628280-25-054406-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/277509/000162828025054406/fss-20251125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-054406
- JSON: https://secwatch.observer/filing/0001628280-25-054406.json
- Plain text: https://secwatch.observer/filing/0001628280-25-054406.txt

## Source-grounded claims
- claim_id: 52e00cd2722910d96698d3cdb863464c2b706644
  claim: 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).
  evidence_excerpt: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/277509/000162828025054406/0001628280-25-054406-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.