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Alamo Group Inc. (NYSE:ALG) announced that it has acquired 100% of the outstanding equity capital of Royal Truck & Equipment, Inc. ("Royal Truck"), a leading manufacturer of truck mounted highway attenuator trucks and other specialty trucks and equipment for the highway infrastructure and traffic control market. Royal Truck's annual revenue was approximately $40 million in 2022 and the company had trailing twelve-month revenue of approximately $44 million as of the end of August, 2023.
Founded by Mr. Rob Roy in 1986, Royal Truck prides itself on developing innovative products designed to improve road work zone safety. The company is based in Shoemakersville, Pennsylvania and has approximately 50 employees. Royal Truck's products include truck mounted highway crash attenuator trucks, cone safety and traffic control trucks, and a broad range of other equipment focused on highway safety. Mr. Roy currently serves as the President of Royal Truck and he will continue in this role for an agreed transition period following the closing. The company will become a part of Alamo's Industrial Equipment Division led by Michael Haberman.
Rob Roy, said, "I am immensely proud of the quality business my team and I have built over the past 37 years. I am looking forward to Royal Truck becoming stronger and continuing its mission of product innovation, customer service and road and highway safety with Alamo Group."
Jeff Leonard, Alamo Group's President and Chief Executive Officer commented, "We are very pleased to have completed this acquisition and to have Royal Truck join the Alamo Group family of companies. This acquisition aligns very closely with our long-term strategy of acquiring business operations in adjacent markets. Royal Truck represents our entry into the highway safety equipment market, a new platform where we see compelling future opportunities. We are excited about the potential to accelerate Royal Truck's growth in an expanding market that should benefit from higher government infrastructure spending."
Posted In: ALG
