Alamo Group has agreed to acquire Petersen Industries for $166.5 million, marking a significant expansion of its industrial equipment capabilities. The transaction, announced from the company’s headquarters in Seguin, Texas, will bring the Florida-based manufacturer of truck-mounted grapple loader equipment into Alamo Group’s Industrial Equipment Division once the deal closes in the first quarter of 2026, pending regulatory approvals and customary conditions.
The purchase price will be funded through cash on hand and borrowing capacity under the company’s credit facility. When factoring in the present value of expected tax benefits, the valuation is approximately $150 million, equating to roughly 7.9 times EBITDA before considering anticipated run-rate synergies.
Petersen Industries has long been recognized as a leader in grapple truck loaders for governmental customers, particularly in bulky waste collection. Since its founding more than six decades ago, the company has been known for engineering solutions that help municipalities and private haulers manage oversized waste more safely and efficiently. Petersen generated approximately $75 million in revenue in 2024 and maintains its operations in Lake Wales, Florida.
Alamo Group stated that the acquisition aligns with its strategy of acquiring profitable companies with strong market positions in stable, steadily growing sectors. The company plans to integrate Petersen into its supply chain and dealer networks while expanding use cases for its products across Alamo’s broader customer base. Leadership at Petersen expressed confidence that the business will continue its growth and product innovation trajectory under its new ownership.
Alamo Group expects the acquisition to be accretive to growth and margins and to contribute recurring revenue through aftermarket parts and services. D.A. Davidson & Co. advised Alamo Group on financial matters, while Dykema Gossett PLLC served as legal counsel.
KEY QUOTES:
“We are very excited about the prospect of joining Petersen to the Alamo Group family of companies. This acquisition nicely ties to our strategy of acquiring profitable companies with innovative and attractive product portfolios that are market leaders serving stable, steadily growing, end-markets. We believe Petersen products will fit very nicely within our product offering, and under Alamo Group ownership we believe we can unlock significant future cost savings and revenue growth as we integrate the company into our supply chain and dealer networks and expand potential applications for Petersen products.”
Robert Hureau, President and Chief Executive Officer, Alamo Group
“Since Sam Petersen and I purchased the company in 2012 from its original founder, our team of highly qualified and dedicated people helped us build upon the strong foundations of the company to make many innovative improvements which led to rapid growth and success in the industry. I fully anticipate the company will continue on its current path producing essential high-quality products while achieving even greater success under Alamo Group ownership.”
Casey Hardee, Chief Executive Officer and Owner, Petersen Industries
