M&A - FEDERAL SIGNAL CORP /DE/

Form Type: 10-Q

Filing Date: 2025-04-30

Corporate Action: Acquisition

Type: New

Accession Number: 000027750925000031

Filing Summary: Federal Signal Corporation filed its quarterly report for the period ended March 31, 2025, detailing financial results that reflect a new acquisition of Waterblasting LLC, completed on February 12, 2025. This acquisition positions the company to offer enhanced products in truck-mounted road-marking and waterblasting equipment. The financial statements indicate a net income of $46.3 million for Q1 2025, slightly down from $51.6 million in the same quarter of the previous year. Net sales increased to $463.8 million compared to $424.9 million year-on-year. Detailed segment information reveals growth in both Environmental Solutions and Safety and Security Systems. Overall, the company reported a gross profit of $130.8 million, attributed to both operational efficiencies and increased sales in its core segments.

Form Type: 8-K

Filing Date: 2025-02-14

Corporate Action: Acquisition

Type: New

Accession Number: 000027750925000004

Filing Summary: On February 12, 2025, Federal Signal Corporation completed the acquisition of substantially all the assets and operations of Waterblasting, LLC, which owns Hog Technologies, a leading manufacturer of truck-mounted road-marking, line-removal, and waterblasting equipment. The acquisition aims to enhance Federal Signal’s capabilities in serving infrastructure, municipal, and airport markets. Additionally, a definitive agreement was reached to acquire Hog’s primary manufacturing facility located in Stuart, Florida.