M&A Deal Summary

Federal Signal Acquires Westech Vac Systems

On January 5, 2016, Federal Signal acquired automotive company Westech Vac Systems from Advance Engineered Products

Acquisition Highlights
  • This is Federal Signal’s 2nd transaction in the Automotive sector.
  • This is Federal Signal’s 1st transaction in Canada.
  • This is Federal Signal’s 1st transaction in Alberta.

M&A Deal Summary

Date 2016-01-05
Target Westech Vac Systems
Sector Automotive
Buyer(s) Federal Signal
Sellers(s) Advance Engineered Products
Deal Type Divestiture

Target

Westech Vac Systems

Nisku, Alberta, Canada
Westech Vac Systems Ltd. is a manufacturer of high-quality, rugged vacuum trucks.

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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 4 of 14
Sector (Automotive) 2 of 7
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-11 Bronto Skylift Oy Ab

Tampere, Finland

Bronto Skylift Oy Ab is a designer, manufacturer and marketer of truck mounted hydraulic platforms for rescue and firefighting as well as for construction work.

Sell €80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-29 Joe Johnson Equipment

Rochester, New York, United States

Joe Johnson Equipment, Inc. is a distributor of maintenance equipment for municipal and industrial markets.

Buy CA$108M

Seller(S) 1

SELLER

Advance Engineered Products

Regina, Saskatchewan, Canada

Category Company
Founded 1984
Sector Automotive
DESCRIPTION

Advance Engineered Products is a tank trailer and vacuum truck manufacturer and service center operator. It currently operates three distinct businesses: (i) designing and manufacturing aluminum and stainless steel truck tanks and trailers under the Advance and Lazer Inox brands; (ii) operating service centers for the repair, maintenance, inspection and certification of truck tanks and trailers; and (iii) manufacturing and servicing vacuum trucks under the Westech brand. Advance Engineered Products was founded in 19845 and is based in Regina, Saskatchewan.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 1 of 1
Type (Divestiture) 2 of 2
State (Alberta) 1 of 1
Country (Canada) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Dumur Industries

White City, Saskatchewan, Canada

Dumur Industries is a custom manufacturing, metal fabrication, and machining business specializing in the production of ventilation and cabinet systems for the food preparation industry. Dumur Industries was founded in 1987 and is based in White City, Saskatchewan.

Sell -