ALAMO GROUP INC. ANNOUNCES ACQUISITION OF RING-O-MATIC
Alamo Group Inc. (NYSE: ALG) has completed the acquisition of Ring-O-Matic, Inc., a leading industrial vacuum excavation equipment manufacturer based in Pella, Iowa. The acquisition was funded using existing cash reserves and is subject to standard net working capital closing adjustments.
Ring-O-Matic, established in 1960, specializes in manufacturing trailer-mounted and custom truck-mounted excavation and vacuum units for applications including hydro excavation, utility infrastructure digging, trenching, sewer jetting, and storm drain cleaning. The company reported annual revenue of approximately $25 million in 2024.
The strategic acquisition aligns with Alamo Group's market share expansion strategy through successful business acquisitions that complement their current product offerings. The company expects to achieve both cost and revenue synergies through effective integration of Ring-O-Matic's product portfolio into their existing lineup.
Alamo Group Inc. (NYSE: ALG) ha completato l'acquisizione di Ring-O-Matic, Inc., un produttore leader di attrezzature industriali per l'escavazione a vuoto con sede a Pella, Iowa. L'acquisizione è stata finanziata utilizzando le riserve di cassa esistenti ed è soggetta ai consueti aggiustamenti di chiusura del capitale circolante netto.
Fondata nel 1960, Ring-O-Matic è specializzata nella produzione di unità di escavazione e aspirazione montate su rimorchio e su camion personalizzati, destinate a impieghi quali l'idroescavazione, lo scavo di infrastrutture utility, la trincea, il getto di fognature e la pulizia delle griglie di drenaggio delle acque meteoriche. La società ha riportato un fatturato annuo di circa 25 milioni di dollari nel 2024.
Questa acquisizione strategica è in linea con la strategia di Alamo Group di espandere la propria quota di mercato attraverso acquisizioni aziendali di successo che integrano la gamma di prodotti attuale. L'azienda prevede di ottenere sinergie sia sui costi che sui ricavi grazie all'integrazione efficace del portafoglio prodotti di Ring-O-Matic nella propria offerta esistente.
Alamo Group Inc. (NYSE: ALG) ha completado la adquisición de Ring-O-Matic, Inc., un fabricante líder de equipos industriales de excavación por vacío con sede en Pella, Iowa. La adquisición fue financiada con reservas de efectivo existentes y está sujeta a los ajustes estándar de cierre de capital de trabajo neto.
Ring-O-Matic, fundada en 1960, se especializa en la fabricación de unidades de excavación y vacío montadas en remolques y camiones personalizados para aplicaciones como hidroexcavación, excavación de infraestructuras de servicios públicos, zanjeo, limpieza de alcantarillas y desagües pluviales. La compañía reportó ingresos anuales de aproximadamente 25 millones de dólares en 2024.
La adquisición estratégica se alinea con la estrategia de Alamo Group de expandir su cuota de mercado mediante adquisiciones empresariales exitosas que complementan su actual oferta de productos. La empresa espera lograr sinergias tanto en costos como en ingresos a través de una integración efectiva del portafolio de productos de Ring-O-Matic en su línea existente.
Alamo Group Inc. (NYSE: ALG)는 아이오와주 펠라에 본사를 둔 선도적인 산업용 진공 굴착 장비 제조업체인 Ring-O-Matic, Inc.의 인수를 완료했습니다. 이번 인수는 기존 현금 보유액으로 자금 조달되었으며, 표준 순운전자본 마감 조정이 적용됩니다.
1960년에 설립된 Ring-O-Matic은 트레일러 장착형 및 맞춤형 트럭 장착형 굴착 및 진공 장비를 제조하며, 수력 굴착, 유틸리티 인프라 굴착, 도랑 파기, 하수구 제트 청소, 폭풍 배수구 청소 등 다양한 용도에 사용됩니다. 이 회사는 2024년에 연간 약 2,500만 달러의 매출을 보고했습니다.
이번 전략적 인수는 Alamo Group의 현재 제품 라인을 보완하는 성공적인 사업 인수를 통한 시장 점유율 확장 전략과 부합합니다. 회사는 Ring-O-Matic의 제품 포트폴리오를 기존 라인업에 효과적으로 통합함으로써 비용 및 수익 시너지를 달성할 것으로 기대하고 있습니다.
Alamo Group Inc. (NYSE: ALG) a finalisé l'acquisition de Ring-O-Matic, Inc., un fabricant de premier plan d'équipements industriels d'excavation par aspiration basé à Pella, Iowa. L'acquisition a été financée à l'aide des réserves de trésorerie existantes et est soumise aux ajustements habituels de clôture du fonds de roulement net.
Fondée en 1960, Ring-O-Matic se spécialise dans la fabrication d'unités d'excavation et d'aspiration montées sur remorque et sur camion personnalisé, pour des applications telles que l'hydro-excavation, le creusement d'infrastructures utilitaires, la tranchée, le nettoyage des égouts par jet et le nettoyage des drains pluviaux. La société a déclaré un chiffre d'affaires annuel d'environ 25 millions de dollars en 2024.
Cette acquisition stratégique s'inscrit dans la stratégie d'expansion de la part de marché d'Alamo Group via des acquisitions réussies qui complètent leur gamme de produits actuelle. L'entreprise prévoit de réaliser des synergies de coûts et de revenus grâce à une intégration efficace du portefeuille de produits de Ring-O-Matic dans leur gamme existante.
Alamo Group Inc. (NYSE: ALG) hat die Übernahme von Ring-O-Matic, Inc., einem führenden Hersteller von industriellen Vakuumaushubgeräten mit Sitz in Pella, Iowa, abgeschlossen. Die Akquisition wurde mit vorhandenen Barreserven finanziert und unterliegt den üblichen Anpassungen des Nettoumlaufkapitals zum Abschlusszeitpunkt.
Ring-O-Matic, gegründet im Jahr 1960, spezialisiert sich auf die Herstellung von anhänger- und individuell auf LKW montierten Aushub- und Vakuumeinheiten für Anwendungen wie Hydro-Aushub, Versorgungsinfrastrukturaushub, Grabenbau, Kanalreinigung und Regenwassereinlaufreinigung. Das Unternehmen meldete für 2024 einen Jahresumsatz von etwa 25 Millionen US-Dollar.
Die strategische Übernahme entspricht der Expansionsstrategie von Alamo Group zur Erweiterung des Marktanteils durch erfolgreiche Unternehmensakquisitionen, die das bestehende Produktportfolio ergänzen. Das Unternehmen erwartet, durch die effektive Integration des Produktportfolios von Ring-O-Matic in das bestehende Sortiment sowohl Kosten- als auch Umsatzsynergien zu erzielen.
- Ring-O-Matic generated $25 million in revenue in 2024
- Acquisition funded through existing cash on hand, indicating strong liquidity
- Expected to achieve both cost and revenue synergies
- Expands product portfolio with complementary vacuum excavation equipment
- Acquisition of an established company with over 60 years of market presence
- Purchase price not disclosed, limiting ability to assess acquisition value
- Subject to working capital closing adjustments that could affect final transaction terms
Insights
Alamo Group's acquisition of Ring-O-Matic adds $25M in revenue with strong strategic fit and potential synergies.
Alamo Group's acquisition of Ring-O-Matic represents a strategic expansion into the industrial vacuum excavation equipment market. The deal brings
This acquisition aligns with Alamo's stated growth strategy of expanding market share through acquisitions that complement their existing product offerings. Ring-O-Matic's specialized equipment for hydro excavation, utility infrastructure work, trenching, and drain cleaning adds valuable diversification to Alamo's product lineup.
The transaction structure is particularly noteworthy as it was completed using existing cash reserves rather than debt financing, indicating strong liquidity position and careful capital allocation. The deal includes standard working capital adjustments, which are typical in acquisitions to account for fluctuations between signing and closing.
Ring-O-Matic's established market presence since 1960 brings brand equity and industry expertise to Alamo Group. Management's explicit mention of both cost synergies and revenue synergies suggests confidence in operational integration efficiencies and cross-selling opportunities. The retention of Ring-O-Matic's manufacturing capabilities in Pella, Iowa, should allow for continuity in operations while Alamo implements its integration strategy.
Since its founding in 1960, Ring-O-Matic, based in
Jeff Leonard, Alamo Group's President and Chief Executive Officer, stated "We are very pleased to have completed this acquisition and to welcome Ring-O-Matic as a member of the Alamo Group family of companies. This acquisition nicely ties to our strategy of developing market share through the acquisition of successful businesses that enhance our current product offering. We believe Ring-O-Matic's trailer mounted excavator and vacuum product portfolio will fit very nicely into our current product lineup and will allow us to achieve both cost and revenue synergies as we effectively integrate them into our organization."
Mr. Brian Metcalf, CEO and owner of Ring-O-Matic, said "Since purchasing Ring-O-Matic in 2017, my team of highly qualified and dedicated people helped me build upon the strong foundations of the company to accelerate growth and create ongoing success. I fully anticipate the company will continue on its current path producing high-quality and innovative products while achieving even greater success under Alamo Group ownership."
About Alamo Group
Alamo Group is a leader in the design, manufacture, distribution, and service of high-quality equipment for vegetation management, infrastructure maintenance and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements, forestry equipment and related after-market parts and services. The Company, founded in 1969, has approximately 3,750 employees and operates 27 plants in
Forward Looking Statements
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, unanticipated acquisition results, increasing costs due to inflation, disease outbreaks, geopolitical risks, including tariffs, trade wars and the effects of the war in
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SOURCE Alamo Group Inc.
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