Federal Signal Completes Acquisition of Standard Equipment Company
Federal Signal (NYSE: FSS) has completed the acquisition of Standard Equipment Company, a leading distributor of specialty maintenance and infrastructure equipment. The acquisition, which closed on October 4, 2024, includes an initial purchase price of $38.8 million and a potential earn-out payment of up to $4.8 million.
Standard Equipment, based in Elmhurst, Illinois, has been a partner for Federal Signal's product lines including Vactor, Elgin, and TRUVAC. This acquisition aligns with Federal Signal's aftermarket growth strategy, expanding its capabilities in parts, services, rental, and used equipment operations. The company expects the acquisition to be accretive to earnings and cash flow in 2025.
Federal Signal (NYSE: FSS) ha completato l'acquisizione della Standard Equipment Company, un importante distributore di attrezzature specialistiche per la manutenzione e le infrastrutture. L'acquisizione, conclusa il 4 ottobre 2024, include un prezzo di acquisto iniziale di 38,8 milioni di dollari e un pagamento earn-out potenziale di fino a 4,8 milioni di dollari.
Standard Equipment, con sede ad Elmhurst, Illinois, è stata un partner per le linee di prodotto di Federal Signal, inclusi Vactor, Elgin e TRUVAC. Questa acquisizione è in linea con la strategia di crescita del mercato secondario di Federal Signal, espandendo le sue capacità in parti, servizi, noleggio e operazioni di attrezzature usate. L'azienda prevede che l'acquisizione sarà accretiva per gli utili e il flusso di cassa nel 2025.
Federal Signal (NYSE: FSS) ha completado la adquisición de Standard Equipment Company, un distribuidor líder de equipos de mantenimiento e infraestructura especializados. La adquisición, que se cerró el 4 de octubre de 2024, incluye un precio de compra inicial de 38,8 millones de dólares y un posible pago de earn-out de hasta 4,8 millones de dólares.
Standard Equipment, con sede en Elmhurst, Illinois, ha sido un socio de las líneas de productos de Federal Signal que incluyen Vactor, Elgin y TRUVAC. Esta adquisición está alineada con la estrategia de crecimiento del mercado secundario de Federal Signal, expandiendo sus capacidades en partes, servicios, alquiler y operaciones de equipos usados. La empresa espera que la adquisición sea acretiva para las ganancias y el flujo de efectivo en 2025.
Federal Signal (NYSE: FSS)는 표준 장비 회사 인수 완료를 발표했습니다. 이 회사는 특수 유지보수 및 인프라 장비의 주요 유통업체입니다. 인수는 2024년 10월 4일에 완료되었으며, 38.8백만 달러의 초기 구매 가격과 최대 4.8백만 달러의 성과 보상 지급 가능성을 포함합니다.
일리노이주 엘름허스트에 본사를 두고 있는 Standard Equipment는 Federal Signal의 Vactor, Elgin 및 TRUVAC 제품 라인의 파트너였습니다. 이 인수는 Federal Signal의 애프터마켓 성장 전략과 일치하며, 부품, 서비스, 임대 및 중고 장비 운영에서의 역량을 확대합니다. 회사는 인수가 2025년에 수익 및 현금 흐름에 긍정적일 것으로 기대합니다.
Federal Signal (NYSE: FSS) a achevé l'acquisition de Standard Equipment Company, un distributeur de premier plan d'équipements spécialisés pour la maintenance et les infrastructures. L'acquisition, qui a été finalisée le 4 octobre 2024, inclut un prix d'achat initial de 38,8 millions de dollars et un paiement de earn-out potentiel allant jusqu'à 4,8 millions de dollars.
Standard Equipment, basé à Elmhurst, Illinois, a été un partenaire des lignes de produits de Federal Signal, y compris Vactor, Elgin et TRUVAC. Cette acquisition s'inscrit dans la stratégie de croissance du marché secondaire de Federal Signal, en élargissant ses capacités dans les pièces, les services, la location et les opérations d'équipements d'occasion. L'entreprise s'attend à ce que l'acquisition soit accrétive pour les bénéfices et le flux de trésorerie en 2025.
Federal Signal (NYSE: FSS) hat die Übernahme der Standard Equipment Company abgeschlossen, einem führenden Distributor von spezialisierten Wartungs- und Infrastrukturausrüstungen. Die Übernahme, die am 4. Oktober 2024 geschlossen wurde, umfasst einen anfänglichen Kaufpreis von 38,8 Millionen US-Dollar und eine mögliche Earn-out-Zahlung von bis zu 4,8 Millionen US-Dollar.
Standard Equipment mit Sitz in Elmhurst, Illinois, war ein Partner für die Produktlinien von Federal Signal, einschließlich Vactor, Elgin und TRUVAC. Diese Übernahme entspricht der Wachstumsstrategie für den Ersatzteilmarkt von Federal Signal und erweitert die Fähigkeiten in den Bereichen Teile, Dienstleistungen, Vermietung und Gebrauchtgeräte. Das Unternehmen erwartet, dass die Übernahme positiv für den Gewinn und den Cashflow im Jahr 2025 sein wird.
- Expansion of aftermarket platform with additional scale and capabilities
- Potential for increased market reach and new customer acquisition
- Expected to be accretive to earnings and cash flow in 2025
- Acquisition includes potential earn-out payment based on performance
- Initial purchase price of $38.8 million may impact short-term cash position
- Integration challenges may arise during the merger of operations
Since 1969, Standard Equipment, with its principal location in
"The acquisition of Standard further builds upon our aftermarket growth strategy that was originally put into action in 2016 and adds an experienced team with deep regional knowledge and great familiarity with Federal Signal products", said Jennifer L. Sherman, President and Chief Executive Officer.
"Standard expands our existing aftermarket platform by adding further scale and capabilities to our parts, services, rental, and used equipment operations. The acquisition also further increases our ability to target new customer cohorts, while expanding our footprint in an attractive geographic market that can be leveraged by additional Federal Signal product lines long term. We are excited to welcome Standard and its employees to the Federal Signal family."
The transaction includes an initial purchase price of
The transaction closed on October 4, 2024. The Company expects the acquisition to be accretive to earnings and cash flow in 2025.
About Federal Signal
Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer, and supplier of products and total solutions that serve municipal, governmental, industrial, and commercial customers. Headquartered in
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This release contains various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements in this release that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: economic and political uncertainty, risks and adverse economic effects associated with geopolitical conflicts, legal and regulatory developments, foreign currency exchange rate changes, inflationary pressures, product and price competition, supply chain disruptions, availability and pricing of raw materials, interest rate changes, risks associated with acquisitions such as integration of operations and achieving anticipated revenue and cost benefits, work stoppages, increases in pension funding requirements, cybersecurity risks, increased legal expenses and litigation results and other risks and uncertainties described in filings with the Securities and Exchange Commission.
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SOURCE Federal Signal Corporation
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