Announced
Completed
Synopsis
Alamo Group, a company that designs and manufactures agricultural machinery and tools for maintaining infrastructure, completed the acquisition of Royal Truck & Equipment, a manufacturer of attenuator trucks. Financial terms were not disclosed. "We are very pleased to have completed this acquisition and to have Royal Truck join the Alamo Group family of companies. This acquisition aligns very closely with our long-term strategy of acquiring business operations in adjacent markets. Royal Truck represents our entry into the highway safety equipment market, a new platform where we see compelling future opportunities. We are excited about the potential to accelerate Royal Truck's growth in an expanding market that should benefit from higher government infrastructure spending," Jeff Leonard, Alamo Group President and CEO.
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