M&A Deal Summary

Federal Signal Acquires Ground Force Worldwide

On September 8, 2021, Federal Signal acquired automotive company Ground Force Worldwide for 45M USD

Acquisition Highlights
  • This is Federal Signal’s 5th transaction in the Automotive sector.
  • This is Federal Signal’s 7th largest (disclosed) transaction.
  • This is Federal Signal’s 8th transaction in the United States.
  • This is Federal Signal’s 1st transaction in Idaho.

M&A Deal Summary
Date 2021-09-08
Target Ground Force Worldwide
Sector Automotive
Buyer(s) Federal Signal
Deal Type Add-on Acquisition
Deal Value 45M USD

Target

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.

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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 10 of 14
Sector (Automotive) 5 of 7
Type (Add-on Acquisition) 9 of 13
State (Idaho) 1 of 1
Country (United States) 8 of 12
Year (2021) 2 of 3
Size (of disclosed) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 Osw Equipment & Repair

Snohomish, Washington, United States

Osw Equipment & Repair is a manufacturer of Class-8 dump truck bodies, end dumps, side dumps and trailers utilized by the construction, transportation, energy, industrial and mining industries. OSW is based in Snohomish, Washington. Osw Equipment & Repair was founded in 2000 and is based in Snohomish, Washington.

Buy $53M
FOLLOWING 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
Mergr

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