Alamo Group to Acquire Specialized Industries Units

Alamo Group, Inc. announced it will acquire the operating units of Specialized Industries LP, including the businesses of Super Products LLC, Wausau-Everest LP and Howard P. Fairfield LLC.

Super Products manufactures vacuum trucks and related equipment, parts and service, complementing Alamo’s VacAll operation. Wausau-Everest makes snow removal equipment, which complements Alamo’s Tenco and Henke operations. Howard P. Fairfield is a dealer/distributor operating primarily in New England.

Together, the three operations generated 2013 net sales of $139 million. Total consideration for the purchase is around $186 million, subject to adjustments. The purchase is expected to close within 45 days, subject to regulatory approval and completion of other pre-closing requirements.

Specialized president and CEO Rod Winter will continue as head of operations, which will become part of Alamo’s North American Industrial Division.  Members of our Association since 1952. alamo-group.com