Alamo Group Inc. has announced the completion of its acquisition of Ring-O-Matic, Inc., a prominent provider of industrial vacuum excavation equipment. This strategic move aligns with Alamo Group's objective to expand its market share by integrating successful businesses that complement its existing product offerings. Ring-O-Matic, based in Pella, Iowa, has established a strong reputation since its inception in 1960 for producing high-quality trailer-mounted and custom truck-mounted excavation and vacuum units. The acquisition is expected to enhance Alamo Group's portfolio, leveraging Ring-O-Matic's expertise in tasks such as hydro excavation and utility infrastructure safety. The transaction was funded using Alamo Group's existing cash resources.
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