ALAMO GROUP INC. TO ACQUIRE PETERSEN INDUSTRIES, EXPANDING ITS INDUSTRIAL EQUIPMENT PRODUCT OFFERING [Yahoo! Finance]
Alamo Group, Inc. (ALG)
Last alamo group, inc. earnings: 2/27 04:15 pm
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alamo-group.com/investor-relations
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Source: Yahoo! Finance
/PRNewswire/ -- Alamo Group Inc. (NYSE: ALG), a leading global manufacturer of high-quality industrial and vegetation management equipment, today announced that it has signed a definitive agreement to acquire Petersen Industries, Inc. ("Petersen"), an innovative manufacturer of truck-mounted grapple loader equipment for a purchase price of $166.5 million. The purchase price, which is subject to customary post-closing adjustments, will be financed with a combination of cash on hand and availability under Alamo Group's credit facility. When adjusted for the present value of expected tax benefits, the purchase price is approximately $150 million. The price represents approximately 7.9x earnings before interest, taxes, depreciation and amortization (EBITDA), not including expected positive run-rate synergies. Upon closing, Petersen will become part of Alamo Group's Industrial Equipment Division.
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News
- D.A. Davidson Acts as Exclusive Financial Advisor to Alamo Group on its Purchase of Petersen Industries [Yahoo! Finance]Yahoo! Finance
- ALAMO GROUP INC. TO ACQUIRE PETERSEN INDUSTRIES, EXPANDING ITS INDUSTRIAL EQUIPMENT PRODUCT OFFERINGPR Newswire
- Alamo Group: Appealing Territory [Seeking Alpha]Seeking Alpha
- A Fresh Look at Alamo Group (ALG) Valuation Following Recent Share Price Pullback [Yahoo! Finance]Yahoo! Finance
- Alamo Group (NYSE:ALG) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
ALG
Earnings
- 11/6/25 - Miss
ALG
Sec Filings
- 12/10/25 - Form 8-K
- 12/1/25 - Form 4
- 11/17/25 - Form 4
- ALG's page on the SEC website