Federal Signal to Acquire New Way Trucks, Expanding Specialty Vehicle Platform into Refuse Collection Market

Reuters

09/25

Federal Signal to Acquire New Way Trucks, Expanding Specialty Vehicle Platform into Refuse Collection Market

Federal Signal Corporation announced that it has signed a definitive agreement to acquire Scranton Manufacturing Company Inc., doing business as New Way Trucks, for an initial purchase price of $396 million. The deal also includes an additional $30 million for New Way's manufacturing facilities and real estate rights in Iowa and Mississippi, as well as a contingent earn-out of up to $54 million based on the achievement of specified financial targets over two years. Federal Signal stated that the acquisition strengthens its position in the environmental and safety solutions market and establishes a new growth vertical within its Environmental Solutions Group. The company expects the transaction to be financed through a combination of cash on hand and its credit facility, with a pro-forma net debt leverage ratio of less than 1.5x upon completion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Federal Signal Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CG82641) on September 24, 2025, and is solely responsible for the information contained therein.

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The deal also includes an additional $30 million for New Way's manufacturing facilities and real estate rights in Iowa and Mississippi, as well as a contingent earn-out of up to $54 million based on the achievement of specified financial targets over two years. Federal Signal stated that the acquisition strengthens its position in the environmental and safety solutions market and establishes a new growth vertical within its Environmental Solutions Group. The company expects the transaction to be financed through a combination of cash on hand and its credit facility, with a pro-forma net debt leverage ratio of less than 1.5x upon completion.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Federal Signal Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CG82641) on September 24, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0054578231.USD","symbol_name":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250924:nNDL6LzpgR:1","article_id":"2570203659","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2570203659","pubTimestamp":1758752148,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Federal Signal Corporation announced that it has signed a definitive agreement to acquire Scranton Manufacturing Company Inc., doing business as New Way Trucks, for an initial purchase price of $396 million. 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The deal also includes an additional $30 million for New Way's manufacturing facilities and real estate rights in Iowa and Mississippi, as well as a contingent earn-out of up to $54 million based on the achievement of specified financial targets over two years. Federal Signal stated that the acquisition strengthens its position in the environmental and safety solutions market and establishes a new growth vertical within its Environmental Solutions Group. The company expects the transaction to be financed through a combination of cash on hand and its credit facility, with a pro-forma net debt leverage ratio of less than 1.5x upon completion.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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