Federal Signal has completed its acquisition of OSW Equipment and Repair for cash consideration of $52.5 million. OSW manufactures dump truck bodies and provides custom upfitting for truck equipment and trailers.
“Since acquiring TBEI, the geographic expansion of our existing platform of market-leading dump bodies and trailers has been a strategic objective,” said Jennifer Sherman, president and CEO of Federal Signal. “The acquisition of OSW represents a highly strategic transaction, adding three premier brands that serve attractive infrastructure, construction and other industrial end-markets on the West Coast, in Arizona and in parts of Canada.”
The acquisition also includes the operations of Northend Truck Equipment (NTE), which are co-located with OSW, and Western Truck Body (WTB), based in Edmonton, Canada. Both NTE and WTB are wholly owned subsidiaries of OSW.
“I have been a long-time admirer of OSW and the strength of its brands,” said Robert Fines, vice president and general manager, Truck Bodies and Equipment International. “The acquisition provides considerable opportunity for long-term value creation through operational improvement initiatives, organic growth and additional acquisitions.”
