ALAMO GROUP INC. COMPLETES ACQUISITION OF PETERSEN INDUSTRIES

Q: When was the Alamo Group purchase agreement for Petersen Industries signed?

The acquisition purchase agreement was signed on December 10, 2025.

Alamo Group (NYSE: ALG) announced completion of its acquisition of Petersen Industries on January 26, 2026.

(Low)

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Rhea-AI Summary

Alamo Group (NYSE: ALG) announced completion of its acquisition of Petersen Industries on January 26, 2026. Petersen manufactures specialized truck-mounted grapple loader equipment for municipal and industrial customers. The purchase agreement was signed on December 10, 2025. Management said the deal will strengthen Petersen's market position, support product innovation, and expand Petersen's sales coverage by leveraging Alamo's channel network, with a focus on long-term value creation for stakeholders.

Positive

Completed acquisition of Petersen Industries on Jan 26, 2026
Adds specialized truck-mounted grapple loader product line
Plans to leverage Alamo's channel network to expand Petersen sales
Management emphasizes product innovation and long-term value creation

Negative

None.

Argus Jan 27 session

+0.60% close to close Open Argus

Details

News Market Reaction – ALG

On Jan 27, the first trading day after this news, ALG closed 0.60% above the previous close.

Data tracked by StockTitan Argus for the Jan 27 session.

Key Figures

Announcement date: Jan 26, 2026 Agreement signing date: Dec 10, 2025

Announcement date: Jan 26, 2026; Press release date for Petersen Industries acquisition completion
Agreement signing date: Dec 10, 2025; Date ALG previously announced signing the Petersen purchase agreement

Previous Acquisition Reports

2 past events · Latest: Dec 10

Same Type 2 events

Dec 10
Petersen deal announced

24h Move

+4.3%

Signed definitive agreement to acquire Petersen Industries with accretive expectations.
Jun 30
Ring-O-Matic acquisition

24h Move

+1.9%

Closed Ring-O-Matic acquisition to expand vacuum excavation equipment portfolio.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

grapple loader

1 terms

grapple loader technical

"a manufacturer of specialized truck-mounted grapple loader equipment, serving both municipal"

A grapple loader is heavy equipment with a claw-like attachment used to pick up, move and load bulky materials such as logs, scrap metal or construction debris. For investors, demand for grapple loaders signals activity in industries like forestry, recycling and construction—think of it as a large mechanical hand whose sales rise when those sectors are busy, affecting manufacturers’ revenues and aftermarket parts and service opportunities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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01/26/2026 - 04:15 PM EST

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-leading position with a continued focus on customers and product innovation, and with an emphasis on further developing Petersen's sales coverage by leveraging Alamo's excellent channel network. I am very optimistic about the momentum our combined strengths, talents and resources will generate in the future, as we continue our focus on long-term value creation for all of our stakeholders."

About Alamo Group

Alamo Group is a leading global manufacturer of high-quality industrial and vegetation management equipment essential for public and private infrastructure maintenance and responsible land management practices. Our products include vacuum trucks, hydro-excavator machines, street sweepers, truck-mounted grapple machines, snow and ice removal equipment, tractor-mounted mowing attachments, recycling and tree care equipment, and other industrial and vegetation maintenance equipment, and related after-market parts and services. The Company operates 27 plants in North America, Europe, Australia, and Brazil as of September 30, 2025.

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 effects of the war in the Ukraine and the Middle East, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company's SEC reports. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.

View original content:https://www.prnewswire.com/news-releases/alamo-group-inc-completes-acquisition-of-petersen-industries-302670356.html

SOURCE Alamo Group Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Alamo Group (ALG) announce on January 26, 2026?

Alamo Group announced it completed the acquisition of Petersen Industries, a maker of truck-mounted grapple loaders.

When was the Alamo Group purchase agreement for Petersen Industries signed?

The acquisition purchase agreement was signed on December 10, 2025.

How will the Petersen Industries acquisition affect Alamo Group's sales coverage (ALG)?

Alamo plans to develop Petersen's sales coverage by leveraging its existing channel network to expand reach.

What products does Petersen Industries make that Alamo (ALG) acquired?

Petersen manufactures specialized truck-mounted grapple loader equipment serving municipal and industrial customers.

Did Alamo Group (ALG) disclose financial terms for the Petersen acquisition?

No financial terms or transaction value were disclosed in the announcement.

ALAMO GROUP INC. COMPLETES ACQUISITION OF PETERSEN INDUSTRIES