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Stock impact report

Family-Owned Trash Truck Maker Snapped Up In Big Federal Signal Acquisition [Yahoo! Finance]

Federal Signal Corporation (FSS) 
Last federal signal corporation earnings: 4/29 08:00 am Check Earnings Report
US:NYSE Investor Relations: federalsignal.com/investors
Company Research Source: Yahoo! Finance
as New Way Trucks, in a $396 million deal , plus $30 million for facilities in Iowa and Mississippi. The agreement also includes up to $54 million in performance-based earnouts. New Way , a family-owned business, is among the fastest-growing makers of refuse collection vehicles in the U.S. Its lineup includes rear, front, and automated side loaders, with a strong presence among municipal and private customers. The acquisition, expected to close in the fourth quarter of 2025 pending regulatory approval, broadens Federal Signal's waste management footprint. CEO Jennifer L. Sherman said the purchase will create a new vertical within Federal Signal's specialty vehicle group. “We see significant opportunities to capture synergies and accelerate New Way's growth and margin trajectory,” she said. The company plans to apply its chassis and inventory management practices to New Way's operations. Also Read: Is the Market Bullish or Bearish on Federal Signal? The transaction will be fund Show less Read more
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