About This Deal

Federal Signal Corporation acquired Truck Bodies & Equipment International (TBEI / GenNx-TBEI Intermediate Co.) for US$271.8 million initial (inclusive of cash acquired; later reduced ~$3.0M for working capital), a transaction announced in June 2017.

Federal Signal's largest bolt-on: acquired the leading U.S. manufacturer of dump truck bodies and trailers, strengthening the Environmental Solutions Group's chassis-based specialty-vehicle position and rebalancing municipal vs. industrial revenue mix.

Federal Signal's largest bolt-on: acquired the leading U.S. manufacturer of dump truck bodies and trailers, strengthening the Environmental Solutions Group's chassis-based specialty-vehicle position and rebalancing municipal vs. industrial revenue mix.

Deal Terms

Acquirer
Federal Signal Corporation
Target
Truck Bodies & Equipment International (TBEI / GenNx-TBEI Intermediate Co.)
Value
US$271.8 million initial (inclusive of cash acquired; later reduced ~$3.0M for working capital)
Date
June 2017
Type
Full acquisition
Status
Completed

Transaction Details

Announced
June 2, 2017

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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