Federal Signal Mergers and Acquisitions Summary

Safety/securityCompany

Federal Signal has acquired 12 companies, including 7 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Federal Signal’s largest acquisition to date was in 2017, when it acquired Truck Bodies & Equipment International for $270M. It’s largest disclosed sale occurred in 2012, when it sold FSTech to 3M Company for $110M. Federal Signal has acquired in 9 different US states, and 3 countries. The Company’s most targeted sectors include automotive (42%) and manufacturing (25%).

Join Mergr and gain access to Federal Signal’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the safety/security sector.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity12
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4

Federal Signal

Federal Signal Corp.

1415 West 22nd Street, Suite 1100,
Oak Brook, Illinois 60523
United States,
(630) 954-2000
www.federalsignal.com

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.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.2/yr) # 6 - 1 1 3 1 12
vol $467M $56M $3M $130M $46M $701M
Sell (0.0/yr) # 2 - - - - - 2
vol $200M $200M
  14

Most Recent M&A

Company Date Value Type
TowHaul Corp. 2022-09-07 46M USD Add-on Acquisition
Belgrade, Montana · www.towhaul.com
Deist Industries, Inc. 2021-11-10 33M USD Add-on Acquisition
Hadley, Pennsylvania · www.deistindustries.com
Ground Force Worldwide 2021-09-08 45M USD Add-on Acquisition
Post Falls, Idaho · www.gfworldwide.com
OSW Equipment and Repair LLC 2021-02-18 53M USD Add-on Acquisition
Snohomish, Washington · www.oswequipment.com
Public Works Equipment Supply, Inc. 2020-06-15 3M USD Add-on Acquisition
Monroe, North Carolina · www.pweasi.com
Mark Rite Lines Equipment Co., Inc. 2019-05-14 56M USD Add-on Acquisition
Billings, Montana · www.markritelines.com
Truck Bodies & Equipment International, Inc. 2017-05-08 270M USD Add-on Acquisition
Eden Prairie, Minnesota · www.tbei.com
Joe Johnson Equipment, Inc. 2016-02-29 82M CAD Add-on Acquisition
Rochester, New York · www.jjei.com
Westech Vac Systems Ltd. 2016-01-05 - Divestiture
Nisku, Alberta · www.westechvac.com
Bronto Skylift Oy Ab 2015-12-11 90M EUR Divestiture
Tampere, Finland · www.bronto.fi
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 5 (42%) 133M (19%) - -
Manufacturing 3 (25%) 369M (53%) - -
Distribution 2 (17%) 85M (12%) - -
Electronics 1 (8%) 115M (16%) 1 (50%) 110M (55%)
Software 1 (8%) - - -
Machinery - - 1 (50%) 90M (45%)
Total 12 $701M 2 $200M

By Geo

State/Country Buy Value Sell Value
United States 10 701M 1 110M
  Montana 2 102M - -
  Minnesota 1 270M - -
  Idaho 1 45M - -
  Alabama 1 - - -
  Washington 1 53M - -
  Tennessee 1 115M - -
  Pennsylvania 1 33M - -
  North Carolina 1 3M - -
  New York 1 82M - -
  Illinois - - 1 110M
1 - - -
Canada 1 - - -
  Alberta 1 - - -
Finland - - 1 90M
Domestic 10 (83%) 701M (100%) 1 (50%) 110M (55%)
Cross-border 2 (17%) - 1 (50%) 90M (45%)
Total 12 $701M 2 $200M

Deal Values

buy # Total
$100M to $1B 2 $385M
< $100M 7 $316M
TOTAL $701M
Largest Truck Bodies & Equipment International, Inc.
$270M (2017-05-08)
sell # Total
$100M to $1B 1 $110M
< $100M 1 $90M
TOTAL $200M
Largest FSTech
$110M (2012-06-21)

M&A Connections

Deals
Acquired from
Investor(s)
8%
1 (8%)
Strategic(s)
8%
1 (8%)
Divested to
Strategic(s)
100%
2 (100%)

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