M&A Deal Summary

Federal Signal Acquires Mark Rite Lines Equipment

On May 14, 2019, Federal Signal acquired automotive company Mark Rite Lines Equipment for 56M USD

Acquisition Highlights
  • This is Federal Signal’s 3rd transaction in the Automotive sector.
  • This is Federal Signal’s 4th largest (disclosed) transaction.
  • This is Federal Signal’s 5th transaction in the United States.
  • This is Federal Signal’s 1st transaction in Montana.

M&A Deal Summary
Date 2019-05-14
Target Mark Rite Lines Equipment
Sector Automotive
Buyer(s) Federal Signal
Deal Type Add-on Acquisition
Deal Value 56M USD

Target

Mark Rite Lines Equipment

Billings, Montana, United States
Mark Rite Lines Equipment Co., Inc. is a manufacturer of truck-mounted and ride-on road-marking equipment. Mark Rite Lines Equipment Co is based in Billings, Montana.

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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 7 of 14
Sector (Automotive) 3 of 7
Type (Add-on Acquisition) 6 of 13
State (Montana) 1 of 2
Country (United States) 5 of 12
Year (2019) 1 of 1
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Truck Bodies & Equipment International

Eden Prairie, Minnesota, United States

Truck Bodies & Equipment International, Inc. is a U.S. manufacturer of dump truck bodies and trailers. TBEI has successfully built a portfolio of strong brands, which currently occupy premier market share positions in their respective product categories, through a combination of an intense focus on operational excellence, a comprehensive distribution strategy, and continuous attention to its customers’ primary requirements for a high-quality product and short lead times.

Buy $270M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-15 Public Works Equipment Supply

Monroe, North Carolina, United States

Public Works Equipment Supply, Inc. is a distributor of maintenance and infrastructure equipment which includes street sweepers, sewer cleaners, hydro- and vacuum-excavation trucks, pipeline inspection systems, and road maintenance equipment. Public Works Equipment Supply is based in Monroe, North Carolina.

Buy $3M
Mergr

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