Federal Signal Successfully Acquires TBEI for $270 Million
Federal Signal Completes Acquisition of TBEI Federal Signal has finalized its purchase of Truck Bodies and Equipment International (TBEI), a producer of dump bodies and trailers, for a total of $270 million. TBEI’s Brand Portfolio TBEI boasts a collection of six well-known brands: Travis Trailer & B
Federal Signal Completes Acquisition of TBEI
Federal Signal has finalized its purchase of Truck Bodies and Equipment International (TBEI), a producer of dump bodies and trailers, for a total of $270 million.
TBEI’s Brand Portfolio
TBEI boasts a collection of six well-known brands: Travis Trailer & Body Company, Crysteel, Ox Bodies, Rugby Manufacturing, DuraClass, and J-Craft. Federal Signal plans to integrate TBEI with its Environmental Solutions Group, creating a unified platform that provides a range of equipment support for maintenance and infrastructure to municipal and industrial clients.
Leadership Change
As part of the acquisition agreement, Robert Fines, TBEI’s president and CEO, will join Federal Signal’s management team.
Strategic Goals
Jennifer L. Sherman, President and CEO of Federal Signal, remarked on the strategic advantages of this acquisition. “Their product range will enable us to diversify further into faster-growing maintenance and infrastructure sectors, while balancing our revenue streams between municipal and industrial markets, thereby minimizing our dependency on oil and gas,” she stated.
Enhancing Growth Potential
According to Sherman, this acquisition is a well-aligned strategic move for Federal Signal and is expected to bolster the company’s capacity for sustainable and profitable growth.
Additional Information
This transaction positions Federal Signal for greater resilience and expansion in diverse markets, paving the way for a more robust business model.
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