Add-on Acquisition • Automotive

Federal Signal Acquires Blasters

On November 17, 2022, Federal Signal acquired automotive company Blasters for 14M USD

Acquisition Context
  • This is Federal Signal’s 7th transaction in the Automotive sector.
  • This is Federal Signal’s 13th largest (disclosed) transaction.
  • This is Federal Signal’s 11th transaction in the United States.
  • This is Federal Signal’s 1st transaction in Florida.

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M&A Deal Summary

Date November 17, 2022
Target Blasters
Sector Automotive
Buyer(s) Federal Signal
Deal Type Add-on Acquisition
Deal Value 14M USD

Target Company

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.
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Buyer Overview 1

Buyer

Federal Signal

Downers Grove, Illinois, United States

Category Company
Founded 1901
Sector Safety/Security
Employees4,700
Revenue 1.9B USD (2024)
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 founded in 1901 and is based in Downers Grove, Illinois.


Deal Context for Buyer #
Overall 13 of 17
Sector: Automotive 7 of 9
Type: Add-on Acquisition 12 of 16
State: Florida 1 of 2
Country: United States 11 of 15
Year: 2022 2 of 2
Size (of disclosed) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 TowHaul

Belgrade, Montana, United States

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.

Buy $46M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-07 Standard Equipment

Elmhurst, Illinois, United States

Standard Equipment distributes specialty maintenance and infrastructure equipment for municipal and industrial markets. Standard Equipment was formed in 1969 and is based in Elmhurst, Illinois.

Buy $39M