M&A Deal Summary

Federal Signal Acquires Deist Industries

On November 10, 2021, Federal Signal acquired automotive company Deist Industries for 33M USD

Acquisition Highlights
  • This is Federal Signal’s 6th transaction in the Automotive sector.
  • This is Federal Signal’s 9th largest (disclosed) transaction.
  • This is Federal Signal’s 9th transaction in the United States.
  • This is Federal Signal’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-11-10
Target Deist Industries
Sector Automotive
Buyer(s) Federal Signal
Deal Type Add-on Acquisition
Deal Value 33M USD

Target

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.

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Buyer(S) 1

Buyer

Federal Signal

Oak Brook, Illinois, United States
Category Company
Founded 1901
Sector Safety/Security
Employees4,500
Revenue 1.7B USD (2023)
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 Oak Brook, Illinois.

DEAL STATS #
Overall 11 of 14
Sector (Automotive) 6 of 7
Type (Add-on Acquisition) 10 of 13
State (Pennsylvania) 1 of 1
Country (United States) 9 of 12
Year (2021) 3 of 3
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 Ground Force Worldwide

Post Falls, Idaho, United States

Ground Force Worldwide is a manufacturer of specialty material handling vehicles that support the extraction of metals, with its current product portfolio including fuel and lube trucks, water trucks, dump bodies, and rock spreaders. GFW also supports the recurring aftermarket needs of its customers through parts and service offerings. Ground Force Worldwide is based in Post Falls, Idaho.

Buy $45M
FOLLOWING 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
Mergr

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