Alamo Group Inc. Announces Acquisition Of Royal Truck & Equipment; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Alamo Group Inc. (NYSE:ALG) has acquired Royal Truck & Equipment, Inc., a manufacturer of truck mounted highway attenuator trucks and other specialty trucks and equipment. Royal Truck's annual revenue was approximately $40 million in 2022 and the company had trailing twelve-month revenue of approximately $44 million as of the end of August, 2023. The acquisition aligns with Alamo's long-term strategy of acquiring business operations in adjacent markets.
October 10, 2023 | 8:31 pm
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Alamo Group's acquisition of Royal Truck & Equipment could potentially expand its market presence and diversify its product portfolio. The acquisition aligns with Alamo's long-term strategy of acquiring business operations in adjacent markets.
The acquisition of Royal Truck & Equipment, a company with a significant annual revenue, aligns with Alamo Group's long-term strategy of acquiring business operations in adjacent markets. This could potentially expand Alamo's market presence and diversify its product portfolio, which could have a positive impact on its stock price.
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