Federal Signal Completes Acquisition of Mega Corp

Federal Signal Corporation Acquires TowHaul Corporation

October 3, 2022

Manufacturing

Federal Signal Corporation has completed the acquisition of substantially all assets and operations of TowHaul Corporation for a purchase price of $46.1 million, subject to post-closing adjustments. The deal expands Federal Signal's product offerings in off-road towing and hauling equipment, strengthening its position in specialized vehicles for maintenance, infrastructure and mining markets.

Federal Signal Acquires Hog Technologies (Waterblasting, LLC)

February 12, 2025

Manufacturing

Federal Signal Corporation completed the acquisition of substantially all assets and operations of Waterblasting, LLC, owner of Hog Technologies, for an initial purchase price of $78.1 million plus a contingent earn-out opportunity of up to $15 million. The company also agreed to acquire Hog’s primary manufacturing facility in Stuart, Florida for $14.5 million; Hog reported ~ $65 million of 2024 revenue and about 150 employees. The deal expands Federal Signal’s specialty vehicle platform and aftermarket service capabilities across municipal, infrastructure and airport end markets.

Federal Signal Acquires Standard Equipment Company

October 4, 2024

Industrial Services

Federal Signal Corporation completed the acquisition of substantially all assets and operations of Standard Equipment Company, a distributor of specialty maintenance and infrastructure equipment based in Elmhurst, Illinois. The deal closed Oct. 4, 2024, with an initial purchase price of $38.8 million plus a contingent earn-out of up to $4.8 million; Federal Signal said the acquisition expands its aftermarket parts, service, rental and used-equipment capabilities and footprint in Illinois and Indiana.

Federal Signal Completes Acquisition of New Way Trucks

November 26, 2025

Industrial Services

Federal Signal Corporation completed its acquisition of Scranton Manufacturing Company Inc. d/b/a New Way Trucks, a U.S. designer and manufacturer of refuse collection vehicles. The company had signed the definitive agreement on September 24, 2025 and expects New Way to strengthen its Environmental Solutions Group specialty vehicle platform.

Federal Signal Acquires OSW Equipment & Repair, LLC

February 18, 2021

Manufacturing

Federal Signal Corporation completed the acquisition of OSW Equipment & Repair, LLC (including Northend Truck Equipment and Western Truck Body) for $52.5 million in cash. The deal expands Federal Signal's Truck Bodies and Equipment platform geographically across the U.S. West Coast, Arizona and parts of Canada and adds manufacturing and upfitting capabilities serving infrastructure, construction and industrial end markets.

Metron-Farnier Acquires WaterSignal

July 25, 2023

Environmental Services

Metron-Farnier LLC (Metron), a Boulder-based provider of advanced metering infrastructure and cloud analytics, has acquired Georgia-based WaterSignal, a provider of real-time water-flow monitoring and analytics. The acquisition (Metron's first since partnering with XPV Water Partners in 2019) expands Metron's water-conservation analytics capabilities and accelerates deployment into strategic real-estate and commercial markets.