Add-on Acquisition • Automotive

Federal Signal Acquires Hog Technologies

On February 12, 2025, Federal Signal acquired automotive company Hog Technologies for 78M USD

Acquisition Context
  • This is Federal Signal’s 8th transaction in the Automotive sector.
  • This is Federal Signal’s 5th largest (disclosed) transaction.
  • This is Federal Signal’s 13th transaction in the United States.
  • This is Federal Signal’s 2nd transaction in Florida.

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M&A Deal Summary

Date February 12, 2025
Target Hog Technologies
Sector Automotive
Buyer(s) Federal Signal
Deal Type Add-on Acquisition
Deal Value 78M USD

Target Company

Hog Technologies

Stuart, Florida, United States
Hog Technologies is a manufacturer of truck-mounted road-marking, line-removal, and water-blasting equipment. Hog Technologies was founded in 1988 and is based in Stuart, 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 15 of 17
Sector: Automotive 8 of 9
Type: Add-on Acquisition 14 of 16
State: Florida 2 of 2
Country: United States 13 of 15
Year: 2025 1 of 3
Size (of disclosed) 5 of 14
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-24 New Way Trucks

Scranton, Iowa, United States

New Way Trucks is a designer and manufacturer of refuse collection vehicles. New Way Trucks was founded in 1971 and is based in Scranton, Iowa.

Buy $396M