Alamo Group to acquire Petersen Industries for $166.5 million
Alamo Group agreed to buy 100% of Petersen Industries, a Lake Wales, Florida maker of truck-mounted grapple loaders, for a purchase price of $166.5 million, subject to post-closing adjustments. The company expects to close in the first quarter of 2026, subject to governmental approvals including Hart-Scott-Rodino antitrust clearance, and will be financed with cash on hand and its credit facility. For shareholders, the filing discloses the price and terms but no effect on current earnings or guidance.
Key points
- Total consideration is approximately $166.5 million, subject to post-closing adjustments; about $150 million after adjusting for the present value of expected tax benefits
- Price represents approximately 7.9x EBITDA, not including expected positive run-rate synergies
- Petersen had annual revenue of approximately $75 million in 2024
- Closing expected in the first quarter of 2026, subject to Hart-Scott-Rodino approval and other customary conditions
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 10, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.