Alamo Group Completes Acquisition of Petersen Industries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: Newsfilter
- Acquisition Completed: Alamo Group has finalized its acquisition of Petersen Industries, aiming to enhance its market position among municipal and industrial customers, with expectations to boost product innovation through resource integration.
- Market Leadership: CEO Robert Hureau stated that the acquisition will further solidify Petersen's market-leading position and expand sales coverage by leveraging Alamo's channel network, enhancing customer service capabilities.
- Product Line Expansion: This acquisition diversifies Alamo Group's product portfolio, which includes vacuum trucks and street sweepers, addressing the needs of public and private infrastructure maintenance and increasing market competitiveness.
- Long-Term Value Creation: Alamo Group emphasizes that the combined strengths will generate long-term value for all stakeholders, showcasing optimism for future growth despite facing multiple risks such as economic conditions and supply chain disruptions.
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Analyst Views on ALG
Wall Street analysts forecast ALG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALG is 201.00 USD with a low forecast of 190.00 USD and a high forecast of 212.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 190.900
Low
190.00
Averages
201.00
High
212.00
Current: 190.900
Low
190.00
Averages
201.00
High
212.00
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.
About the author
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.
Alamo Group Completes Acquisition of Petersen Industries
- Acquisition Completed: Alamo Group has finalized its acquisition of Petersen Industries, aiming to enhance its market position among municipal and industrial customers, with expectations to boost product innovation through resource integration.
- Market Leadership: CEO Robert Hureau stated that the acquisition will further solidify Petersen's market-leading position and expand sales coverage by leveraging Alamo's channel network, thereby enhancing customer service.
- Product Diversity: Alamo Group's product line includes vacuum trucks, hydro-excavators, and street sweepers, and the acquisition will enrich its offerings to meet the maintenance needs of public and private infrastructure.
- Global Operations: As of September 30, 2025, Alamo Group operates 27 plants across North America, Europe, Australia, and Brazil, and the acquisition is expected to drive further global business expansion and market penetration.
Continue Reading
Alamo Group Completes Acquisition of Petersen Industries
- Acquisition Completed: Alamo Group has finalized its acquisition of Petersen Industries, aiming to enhance its market position among municipal and industrial customers, with expectations to boost product innovation through resource integration.
- Market Leadership: CEO Robert Hureau stated that the acquisition will further solidify Petersen's market-leading position and expand sales coverage by leveraging Alamo's channel network, enhancing customer service capabilities.
- Product Line Expansion: This acquisition diversifies Alamo Group's product portfolio, which includes vacuum trucks and street sweepers, addressing the needs of public and private infrastructure maintenance and increasing market competitiveness.
- Long-Term Value Creation: Alamo Group emphasizes that the combined strengths will generate long-term value for all stakeholders, showcasing optimism for future growth despite facing multiple risks such as economic conditions and supply chain disruptions.
Continue Reading