About This Deal

Federal Signal Corporation acquired Trackless Vehicles (Trackless Vehicles Limited / Trackless Vehicles Asset Corp / Work Equipment Ltd.) for C$54.0 million (~US$40.0 million) initial, plus contingent earn-out of up to C$6.0 million (~US$4.4 million), a transaction announced in April 2023.

Acquired the leading Canadian manufacturer of off-road, multi-purpose maintenance vehicles and attachments, extending the Company's specialty-vehicle portfolio into all-season municipal/infrastructure equipment.

Acquired the leading Canadian manufacturer of off-road, multi-purpose maintenance vehicles and attachments, extending the Company's specialty-vehicle portfolio into all-season municipal/infrastructure equipment.

Deal Terms

Acquirer
Federal Signal Corporation
Target
Trackless Vehicles (Trackless Vehicles Limited / Trackless Vehicles Asset Corp / Work Equipment Ltd.)
Value
C$54.0 million (~US$40.0 million) initial, plus contingent earn-out of up to C$6.0 million (~US$4.4 million)
Date
April 2023
Type
Full acquisition
Status
Completed

Transaction Details

Announced
April 3, 2023

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

See how Top Bucket AI works for your firm

Request Demo
Top Bucket AI Research

Stay ahead of private markets

Research and market intelligence for private-markets professionals.

✓

You're subscribed.

Thanks for signing up.