Federal Signal Corporation Acquires TowHaul Corporation

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 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.

Federal Signal Acquires Mega Corp.

January 22, 2026

Manufacturing

Federal Signal Corporation (NYSE: FSS) completed the acquisition of Mega Corp., a manufacturer of specialty vehicles and equipment for the global metal extraction and construction markets, for $45.5 million in cash (subject to post-closing adjustments). Mega generated about $40 million in net sales for the year ended December 31, 2024 (with roughly 30% from aftermarket parts), operates a manufacturing facility in Albuquerque, New Mexico, and approximately 95 employees joined Federal Signal; the company said the transaction strengthens its specialty vehicle platform and is expected to be accretive to earnings and cash flow in 2026.

Federal Signal Acquires New Way Trucks (Scranton Manufacturing)

November 26, 2025

Manufacturing

Federal Signal Corporation completed the acquisition of Scranton Manufacturing Company LLC, doing business as New Way Trucks, adding a leading U.S. refuse-collection vehicle manufacturer to its Environmental Solutions Group. Federal Signal said New Way brings over $100 million backlog and more than 750 employees, and the company expects to leverage its specialty vehicle platform and aftermarket opportunities to drive growth and margin improvement.

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.

Towlift Rebrands FMH Material Handling Solutions and Intermountain Lift Truck Following 2022 Acquisitions

November 18, 2024

Industrial Services

Towlift has consolidated and rebranded FMH Material Handling Solutions and Intermountain Lift Truck (ILT) as Towlift dealerships, expanding its presence across the Western United States. Towlift originally acquired FMH and ILT in 2022; the rebrand aims to provide customers in the Rockies region broader access to Towlift's products, rentals, parts, service and training.