Alamo Group (ALG) Expands Industrial Equipment Portfolio With Petersen Acquisition

Group 1 - Alamo Group Inc. has announced a definitive agreement to acquire Petersen Industries, a leading manufacturer of truck-mounted grapple loader equipment, valued at $166.5 million, subject to customary post-closing adjustments [2][4] - The acquisition will be financed through a combination of cash on hand and available capacity under Alamo Group's credit facility, with an effective purchase price of approximately $150 million, equating to about 7.9 times EBITDA before considering potential run-rate synergies [3][4] - The deal is expected to close in the first quarter of 2026, pending regulatory approvals and standard closing conditions, and aims to support long-term growth, improve margins, and enhance recurring revenue from Petersen's aftermarket parts and service business [4][5] Group 2 - Petersen Industries has over 65 years of experience and is recognized as a market leader in grapple truck loaders, primarily serving government agencies involved in bulky waste collection [5] - Alamo Group Inc. is a global manufacturer of industrial and vegetation management equipment, with products utilized in public and private infrastructure maintenance and land management operations worldwide [6]