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SEGUIN, Texas, Dec. 10, 2025 /PRNewswire/ — Alamo Workforce Inc. (NYSE: ALG), a well-known world producer of top quality commercial and crops control apparatus, lately introduced that it has signed a definitive promise to obtain Petersen Industries, Inc. (“Petersen”), an cutting edge producer of truck-mounted grapple loader apparatus for a purchase order value of $166.5 million. The acquisition value, which is matter to normal post-closing changes, shall be financed with a mix of money available and availability below Alamo Workforce’s credit score facility. When adjusted for the existing worth of anticipated tax advantages, the acquisition value is roughly $150 million. The fee represents roughly 7.9x profits earlier than hobby, taxes, depreciation and amortization (EBITDA), no longer together with anticipated sure run-rate synergies. Upon final, Petersen will transform a part of Alamo Workforce’s Business Apparatus Category.
Petersen is the marketplace chief in offering top quality grapple truck loaders to governmental end-customers for the dealing with of weighty misuse assortment. Since its settingup greater than 65 years in the past, Petersen has been at the leading edge of innovation in weighty misuse assortment. Petersen merchandise have reworked how municipalities, nation works segments, and personal haulers maintain immense and difficult-to-manage misuse, making the method more secure, sooner, and extra environment friendly. The corporate, primarily based in Puddle Wales, Florida, accomplished annual income of roughly $75 million in 2024.
Robert Hureau, Alamo Workforce’s President and Prominent Govt Officer, mentioned “We are very excited about the prospect of joining Petersen to the Alamo Group family of companies. This acquisition nicely ties to our strategy of acquiring profitable companies with innovative and attractive product portfolios that are market leaders serving stable, steadily growing, end-markets. We believe Petersen products will fit very nicely within our product offering, and under Alamo Group ownership we believe we can unlock significant future cost savings and revenue growth as we integrate the company into our supply chain and dealer networks and expand potential applications for Petersen products.”
Mr. Casey Hardee, CEO and proprietor of Petersen, stated, “Since Sam Petersen and I purchased the company in 2012 from its original founder, our team of highly qualified and dedicated people helped us build upon the strong foundations of the company to make many innovative improvements which led to rapid growth and success in the industry. I fully anticipate the company will continue on its current path producing essential high-quality products while achieving even greater success under Alamo Group ownership.”
The Corporate anticipates finishing the transaction throughout the primary quarter of 2026, matter to regulatory favor and common final statuses. The purchase is anticipated to be accretive to Alamo Workforce’s expansion and margins and in order cast ordinary income from its aftermarket portions and services and products choices. D.A. Davidson & Co. served as monetary guide and Dykema Gossett PLLC served as criminal guide to Alamo Workforce Inc.
About Alamo Workforce
Alamo Workforce is a well-known world producer of top quality commercial and crops control apparatus very important for nation and personal infrastructure repairs and accountable land control practices. Our merchandise come with vacuum vehicles, hydro-excavator machines, side road sweepers, snow and ice elimination apparatus, truck and tractor-mounted mowing attachments, recycling and tree serve apparatus, and alternative commercial and crops repairs apparatus, and connected after-market portions and services and products. The Corporate, based in 1969, operates 27 crops in North The us, Europe, Australia, and Brazil as of September 30, 2025.
Ahead Taking a look Statements
This loose incorporates forward-looking statements which are made pursuant to the safeguard harbor provisions of the Non-public Securities Litigation Reform Function of 1995. Ahead-looking statements contain recognized and unknown dangers and uncertainties, which would possibly motive the Corporate’s untouched ends up in pace classes to fluctuate materially from forecasted effects. Amongst the ones components which might motive untouched effects to fluctuate materially are please see: hostile financial statuses which might manage to a discount in total marketplace call for, provide chain disruptions, hard work constraints, failure to successfully combine bought firms, unanticipated acquisition effects, expanding prices because of inflation, infection outbreaks, geopolitical dangers, together with price lists, business wars and the consequences of the battle in Ukraine and the Heart East, pageant, climate, seasonality, currency-related problems, and alternative possibility components indexed from pace to pace within the Corporate’s SEC stories. The Corporate does no longer adopt any legal responsibility to replace the ideas contained herein, which speaks best as of this future.
SOURCE Alamo Workforce Inc.
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