Alamo Group Acquires Petersen Industries to Enhance Industrial Equipment Segment
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
Updated: 1 hour ago0mins
- Strategic Acquisition: Alamo Group's acquisition of Petersen Industries enhances its market position in the industrial equipment sector, as Petersen is renowned for its innovative truck-mounted grapple loaders focused on bulky waste collection, which is expected to drive Alamo's business growth.
- Market Leadership: With over 65 years of industry experience, Petersen's products are widely used in municipal and public works departments, improving safety and efficiency in waste handling, aligning with Alamo's strategic focus on stable, growing markets.
- Financial Advisory Role: D.A. Davidson & Co. served as the exclusive financial advisor to Alamo, successfully facilitating the transaction and showcasing its expertise in the machinery and equipment sector, further solidifying its influence in the diversified industrial investment banking space.
- Future Growth Potential: Alamo's CEO Robert Hureau stated that this acquisition aligns with the company's strategy of acquiring profitable companies, which is expected to provide sustainable growth opportunities and further expand its product portfolio.
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About ALG
Alamo Group Inc. is engaged in designing, manufacturing, distributing and providing equipment for infrastructure maintenance, agriculture and other applications. Its segments include the Vegetation Management Division and Industrial Equipment Division. The Vegetation Management Division includes Forges Gorce, Alamo Industrial equipment, Tiger equipment, Morbark, mowing and forestry/tree care operations, among others. The Industrial Equipment Division includes the Company’s vocational truck business and other industrial operations such as excavators, vacuum trucks, street sweepers, snow removal equipment, and the Royal Truck business. Its products include truck and tractor-mounted mowing and other vegetation maintenance equipment, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements, forestry equipment and related after-market parts and services. It has business operations in North America, South America, Europe, and Australia.
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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