M&A Deal Summary

Federal Signal Acquires TowHaul

On September 7, 2022, Federal Signal acquired manufacturer TowHaul for 46M USD

Acquisition Highlights
  • This is Federal Signal’s 3rd transaction in the Manufacturing sector.
  • This is Federal Signal’s 6th largest (disclosed) transaction.
  • This is Federal Signal’s 10th transaction in the United States.
  • This is Federal Signal’s 2nd transaction in Montana.

M&A Deal Summary
Date 2022-09-07
Target TowHaul
Sector Manufacturing
Buyer(s) Federal Signal
Deal Type Add-on Acquisition
Deal Value 46M USD

Target

TowHaul

Belgrade, Montana, United States
website
TowHaul is a manufacturer and designer of reliable, efficient, and adaptable heavy-duty, off-road specialty metal extraction support equipment, including its signature front- and rear-loading lowboy trailers, multi-purpose gooseneck equipment, dragline bucket transporters, and road-conditioning trucks. TowHaul is based in Belgrade, Montana.

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Buyer(S) 1

Buyer

Federal Signal

Oak Brook, Illinois, United States

website

Category Company
Founded 1901
Sector Safety/Security
Employees3,900
Revenue 1.2B USD (2021)
DESCRIPTION

Federal Signal is a manufacturer of niche products in four operating groups, safety and signaling products, custom signage, consumable industrial tooling and emergency and environmental vehicles. Federal Signal was incorporated in 1901 and is based in Oak Brook, Illinois.

DEAL STATS #
Overall 12 of 13
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 11 of 12
State (Montana) 2 of 2
Country (United States) 10 of 11
Year (2022) 1 of 2
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Deist Industries

Hadley, Pennsylvania, United States

Deist Industries is an operator of truck equipment fabrication business that design manufacture and sells interchangeable truck body systems for class 3-7 vehicles in the work truck industry and a full line of waste hauling products, including front/rear loading containers and specialty roll-off containers. Deist Industries was founded in 1984 and is based in Hadley, Pennsylvania.

Buy $33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 Blasters

Tampa, Florida, United States

Blasters designs, manufactures and sells the Liquidator®, an ultra-high pressure (“UHP”), water-based, road-marking and rubber-removal truck. Blasters is based in Tampa, Florida.

Buy $14M
Mergr

Product

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