ALG - Mergers and acquisitions

SEGUIN, Texas, Jan. 26, 2026 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG), a leading global manufacturer of high-quality industrial and vegetation management equipment, today announced that it has completed the acquisition of Petersen Industries, a manufacturer of specialized truck-mounted grapple loader equipment, serving both municipal and industrial customers. The signing of the acquisition purchase agreement was previously announced on December 10, 2025. "We are thrilled to welcome the men and women of Petersen Industries to our team," said Robert Hureau, Alamo Group's President and Chief Executive Officer. "We are confident that together we will further strengthen Petersen's market-lead

SEGUIN, Texas, June 30, 2025 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced that it has completed the acquisition of Ring-O-Matic, Inc., a leading provider of industrial vacuum excavation equipment.  The purchase was funded with existing cash on hand and is subject to customary net working capital closing adjustments. Since its founding in 1960, Ring-O-Matic, based in Pella, Iowa, has built a well-regarded and highly respected name for itself in the marketplace.  The company is known for manufacturing high-quality trailer-mounted and custom truck-mounted excavation and vacuum units that perform essential tasks such as hydro excavation, safe digging near and around utility infra

SEGUIN, Texas, Aug. 16, 2024 /PRNewswire/ -- Alamo Group Inc. (NYSE:ALG) today announced the sale of its Herschel Parts business to F.P. Bourgalt Tillage Tools Ltd. Herschel Parts, a manufacturer of high-quality agricultural replacement and wear parts based in Indianola, Iowa, was originally acquired by Alamo Group in 1995 and represented a small part of Alamo Group's Vegetation Management Division. Chief Executive Officer and President, Jeffery A. Leonard, commented on the sale as follows, "We are pleased to announce the successful sale of our small operation in Indianola, Iowa. This decision reflects our commitment to driving continuous improvement and profitable growth for Alamo Group. H