Alamo Group (ALG) Expands Industrial Equipment Portfolio With Petersen Acquisition [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
On December 10, Alamo Group Inc. (NYSE:ALG) said it reached a definitive agreement to acquire Petersen Industries, Inc., a recognized maker of truck-mounted grapple loader equipment. The deal places a $166.5 million value on Petersen, subject to customary post-closing adjustments. The acquisition will be financed using a combination of cash on hand and capacity under Alamo Group's credit facility. After adjusting for the present value of expected tax benefits, the effective purchase price comes in at about $150 million. That works out to roughly 7.9x EBITDA, before factoring in any potential run-rate synergies. Once the deal closes, Petersen will be folded into Alamo Group's Industrial Equipment Division. The company expects the transaction to close in the first quarter of 2026, assuming regulatory approvals and standard closing conditions are met. Management sees the acquisition as a way to support long-term growth, improve margins, and add recurring revenue tied to Petersen's a
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ALG
News
- Alamo raises quarterly dividend by 13.3% to $0.34/share [Seeking Alpha]Seeking Alpha
- ALAMO GROUP INC. DECLARES HIGHER REGULAR QUARTERLY DIVIDENDPR Newswire
- Alamo Group's (NYSE:ALG) three-year total shareholder returns outpace the underlying earnings growth [Yahoo! Finance]Yahoo! Finance
- Alamo Group (NYSE:ALG) was upgraded by analysts at CJS Securities to a "strong-buy" rating.MarketBeat
- D.A. Davidson Acts as Exclusive Financial Advisor to Alamo Group on its Purchase of Petersen Industries [Yahoo! Finance]Yahoo! Finance
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