M&A Deal Summary

Federal Signal Acquires Osw Equipment & Repair

On February 18, 2021, Federal Signal acquired automotive company Osw Equipment & Repair from Westward Partners for 53M USD

Acquisition Highlights
  • This is Federal Signal’s 4th transaction in the Automotive sector.
  • This is Federal Signal’s 5th largest (disclosed) transaction.
  • This is Federal Signal’s 7th transaction in the United States.
  • This is Federal Signal’s 1st transaction in Washington.

M&A Deal Summary

Date 2021-02-18
Target Osw Equipment & Repair
Sector Automotive
Buyer(s) Federal Signal
Sellers(s) Westward Partners
Deal Type Add-on Acquisition
Deal Value 53M USD

Target

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.

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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 9 of 14
Sector (Automotive) 4 of 7
Type (Add-on Acquisition) 8 of 13
State (Washington) 1 of 1
Country (United States) 7 of 12
Year (2021) 1 of 3
Size (of disclosed) 5 of 11
PREVIOUS 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
FOLLOWING 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

Seller(S) 1

DESCRIPTION

Westward Partners is a private equity firm focused on investing in lower middle-market companies in the Western-US and Canada. Target companies typically have revenues of $20 to $500 million and up to $25 million of EBITDA. Sectors of interest include business services, consumer products, energy services, forest products, manufacturing, packaging, and transportation/logistics. Westward Partners was formed in 2010 and is based in Seattle, Washington.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-04 Cascade Coffee

Everett, Washington, United States

Cascade Coffee is a premier full-service outsourced coffee roaster that serves large household coffee names as well as up-and-coming coffee producers. Cascade Coffee was founded in 1995 and is based in Everett, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-26 Grant Aviation

Anchorage, Alaska, United States

Grant Aviation is a logistics company offering regional air transport for mail & cargo, Essential Air Services, passenger, and medevac to rural communities in Southwestern Alaska. Grant Aviation was founded in 1975 and is based in Anchorage, Alaska.

Buy -