M&A Deal Summary

Federal Signal Acquires Truck Bodies & Equipment International

On May 8, 2017, Federal Signal acquired manufacturing company Truck Bodies & Equipment International from GenNx360 Capital Partners for 270M USD

Acquisition Highlights
  • This is Federal Signal’s 1st transaction in the Manufacturing sector.
  • This is Federal Signal’s largest (disclosed) transaction.
  • This is Federal Signal’s 4th transaction in the United States.
  • This is Federal Signal’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2017-05-08
Target Truck Bodies & Equipment International
Sector Manufacturing
Buyer(s) Federal Signal
Sellers(s) GenNx360 Capital Partners
Deal Type Add-on Acquisition
Deal Value 270M USD

Target

Truck Bodies & Equipment International

Eden Prairie, Minnesota, United States
website
Truck Bodies & Equipment International, Inc. is a U.S. manufacturer of dump truck bodies and trailers. TBEI has successfully built a portfolio of strong brands, which currently occupy premier market share positions in their respective product categories, through a combination of an intense focus on operational excellence, a comprehensive distribution strategy, and continuous attention to its customers’ primary requirements for a high-quality product and short lead times.

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Buyer(S) 1

Buyer

Federal Signal

Oak Brook, Illinois, United States

website


Category Company
Founded 1901
SectorSafety/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 6 of 12
Sector (Manufacturing) 1 of 3
Type (Add-on Acquisition) 5 of 11
State (Minnesota) 1 of 1
Country (United States) 4 of 10
Year (2017) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Joe Johnson Equipment

Rochester, New York, United States

Joe Johnson Equipment, Inc. is a distributor of maintenance equipment for municipal and industrial markets.

Buy CA$108M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Mark Rite Lines Equipment

Billings, Montana, United States

Mark Rite Lines Equipment Co., Inc. is a manufacturer of truck-mounted and ride-on road-marking equipment. Mark Rite Lines Equipment Co is based in Billings, Montana.

Buy $56M

Seller(S) 1

SELLER

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 1.1B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm that seeks opportunities with a business to business focus. GenNx360 targets companies with revenues between $75 and $250 million and $8 to $25 million of EBITDA. The Firm looks to invest $25 to $75 million per transaction and will consider opportunities around the globe. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City. The Firm has additional offices in Seattle, Boston, as well as Gurgaon and Bangalore.


DEAL STATS #
Overall 2 of 11
Sector (Manufacturing) 1 of 2
Type (Add-on Acquisition) 2 of 6
State (Minnesota) 1 of 1
Country (United States) 2 of 9
Year (2017) 1 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 Appalachian Railcar Services

Eleanor, West Virginia, United States

Appalachian Railcar Services, Inc. is a provider of railcar repair services and a provider of industrial logistics services including certified tank and freight car repair, railcar cleaning, coating and lining services, mobile repair, on-site customer repair operations, switching operations, and railcar storage.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Novel Ingredients

East Hanover, New Jersey, United States

Novel Ingredients is a New Jersey-based provider of dietary supplement ingredient solutions. For over 15 years, Novel Ingredients has established a standard of excellence in the distribution of premium botanical ingredients.

Sell $125M