Public Company Industrial Services

Federal Signal

Oak Brook, Illinois, United States

Federal Signal Corporation builds and delivers equipment and total solutions that move material, cleans infrastructure, and protects communities. It operates two groups: Environmental Solutions and Safety & Security Systems, serving municipal, governmental, industrial, and commercial customers.

Focus Areas
Environmental Solutions (infrastructure maintenance equipment), Safety and Security Systems (emergency/safety signaling systems), Specialty vehicles and equipment manufacturing

Tracked deals

3

3 tracked deals across 2025-2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout

Federal Signal Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Federal Signal. 1 2025 ~2 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Federal Signal Corporation
    Target
    Western Technology, Inc.
    Location
    United States
    Type
    Buyout

    Federal Signal Corporation signed a definitive agreement to acquire certain assets and operations of Western Technology, Inc. for an expected close within the next 90 days. The deal expands Federal Signal’s Safety and Security Systems Group into portable explosion-protected lighting solutions for hazardous environments served to industrial processing, petrochemical, and aerospace and defense customers.

  • Buyer
    Federal Signal Corporation
    Target
    Mega Corp.
    Location
    United States
    Type
    Buyout

    Federal Signal Corporation has completed its acquisition of Mega Corp., a manufacturer of specialty vehicles and equipment used in global metal extraction and construction markets. The definitive agreement was signed on December 18, 2025, and the deal price was $45.5 million in cash (subject to post-closing adjustments). The acquisition is expected to be accretive to earnings and cash flow in 2026 and expands Federal Signal’s specialty vehicle platform by combining Mega with its Ground Force and TowHaul businesses.

  • Buyer
    Federal Signal Corporation
    Target
    Scranton Manufacturing Company Inc. d/b/a New Way Trucks
    Location
    United States
    Type
    Buyout

    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.

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