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Announced

Completed

Alamo Group completed the acquisition of Morbark for $352m.

Financials

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Transaction Value£285m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA8.5x
Share Price Premium-
One Off Charge-

Tags

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parts

Private

Private Equity

Machinery: Specialty

aftermarket

tree maintainance

forestry

recycling

United States

Acquisition

Single Bidder

Majority

Completed

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Synopsis

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Alamo Group, a manufacturer of equipments for infrastructure maintenance completed the acquisition of Morbark, a manufacturer of equipment and aftermarket parts for forestry, tree maintenance, biomass, land management and recycling markets for $352m. Morbark products include a broad range of tree chippers, grinders, flails and debarkers along with stump grinders, mulchers and brush cutters plus related aftermarket spare and wear parts. “Morbark is a well-run, profitable, and growing company in a sector that has been steadily improving. Their products expand and complement our range of vegetation maintenance equipment in an adjacent market.” Ron Robinson, Alamo Group President and Chief Executive Officer.

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