Alamo Group (NYSE: ALG) signs $166.5M agreement to acquire Petersen Industries

Rhea-AI Filing Summary

Alamo Group Inc. disclosed that it has entered into a definitive Membership Interest Purchase Agreement to acquire 100% of the equity interests in Petersen Industries, Inc. for approximately $166,500,000, subject to post-closing adjustments. The deal is being executed through Alamo Group (USA) Inc., a wholly owned subsidiary.

The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions and required governmental approvals, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act. Alamo Group plans to lease Petersen’s existing facility in Lake Wales, Florida and continue operations at that location.

Insights

Industrial M&A and capital allocation analyst

Alamo Group signs a definitive deal to buy Petersen Industries for $166.5M, pending regulatory and closing conditions.

Alamo Group Inc. has signed a definitive Membership Interest Purchase Agreement, through its wholly owned unit Alamo Group (USA) Inc., to acquire 100% of Petersen Industries, Inc. for approximately $166,500,000, subject to post-closing adjustments. This is a full equity purchase, which typically allows the buyer to integrate all of the target’s operations and customer relationships.

The agreement includes representations, warranties, and covenants governing Petersen’s conduct between signing and closing, which helps protect Alamo Group from material changes before completion. Closing is expected in the first quarter of 2026 and depends on customary conditions, including required governmental approvals such as clearance under the Hart-Scott-Rodino Antitrust Improvements Act.

Alamo Group intends to lease Petersen’s current facility in Lake Wales, Florida and continue operations there, indicating an ongoing presence at the existing site rather than an immediate footprint change. The actual impact on Alamo Group’s financials and strategy will depend on how the acquisition is integrated after closing and the timing and outcome of the regulatory review.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 10, 2025

Alamo Group Inc.

(Exact name of registrant as specified in its charter)

 

State of Delaware			0-21220			74-1621248
(State or other jurisdiction of incorporation)			(Commission File No.)			(IRS Employer Identification No.)

  

1627 E. Walnut, Seguin, Texas						78155
(Address of Registrant’s principal executive offices)						(Zip Code)

			(830) 379-1480
Registrant's telephone number, including area code:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading symbol(s)			Name of each exchange on which registered
Common Stock, par value $.10 per share			ALG			New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of

the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of

1934 (§240.12b-2 of this chapter).Emerging growth company ☐ 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the

extended transition period for complying with any new or revised financial accounting standards provided

pursuant to Section 13(a) of the Exchange Act. ☐ 

Item 1.01 Entry into a Material Definitive Agreement.

On December 10, 2025, Alamo Group Inc. (the “Company”) issued a press release announcing that the Company, through Alamo Group (USA) Inc., a wholly-owned subsidiary of the Company, entered into a definitive Membership Interest Purchase Agreement ("Purchase Agreement") to acquire 100% of the equity interests in Petersen Industries, Inc. (“Petersen”). The total consideration for the purchase is approximately $166,500,000, subject to certain post-closing adjustments. The Purchase Agreement contains representations and warranties by Petersen and various covenants regarding the conduct of the business of Petersen during the period between the signing of the Purchase Agreement and the closing of the transaction, which is expected to occur in the first quarter of 2026. The Company intends to lease the facility where Petersen currently operates in Lake Wales, Florida and to continue operations there. The consummation of the transaction is subject to the satisfaction or waiver of certain customary and other closing conditions, including receipt of any necessary governmental approvals, including approval under the Hart-Scott-Rodino Antitrust Improvements Act.

The above description of the Purchase Agreement is qualified in its entirety by reference to the Purchase Agreement, which is filed herewith as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01    Financial Statements and Exhibits

Exhibit 10.1 – Membership Interest Purchase Agreement dated December 10, 2025

Exhibit 99.1 – Press Release dated December 10, 2025

Exhibit 104 – Cover Page Interactive Data File - Inline XBRL for the cover page of this Current Report on Form 8-K

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

December 10, 2025			By:  /s/ Edward T. Rizzuti
			Edward T. Rizzuti,
			EVP Corporate Development, Investor Relations & Secretary

FAQ

What transaction did Alamo Group Inc. (ALG) announce on December 10, 2025?

Alamo Group Inc. announced that it entered into a definitive Membership Interest Purchase Agreement, through its wholly owned subsidiary Alamo Group (USA) Inc., to acquire 100% of the equity interests in Petersen Industries, Inc..

How much is Alamo Group Inc. paying to acquire Petersen Industries, Inc.?

The total consideration for the Petersen Industries, Inc. acquisition is approximately $166,500,000, subject to certain post-closing adjustments.

When is the Alamo Group Inc. acquisition of Petersen Industries expected to close?

The closing of the acquisition of Petersen Industries, Inc. by Alamo Group Inc. is expected to occur in the first quarter of 2026, subject to the satisfaction or waiver of closing conditions.

What conditions must be satisfied before Alamo Group Inc. can complete the Petersen acquisition?

The transaction must satisfy or have waived certain customary and other closing conditions, including necessary governmental approvals such as approval under the Hart-Scott-Rodino Antitrust Improvements Act.

What are Alamo Group Inc.’s plans for Petersen Industries’ operating facility?

Alamo Group Inc. intends to lease the facility where Petersen Industries currently operates in Lake Wales, Florida, and to continue operations at that location.

Where can investors find the full details of the Membership Interest Purchase Agreement?

The full text of the Membership Interest Purchase Agreement is filed as Exhibit 10.1, which is incorporated by reference, and a related press release is filed as Exhibit 99.1.