ALAMO GROUP ANNOUNCES ACQUISITION OF ECON ENGINEERING
Alamo Group has acquired Econ Engineering Group, a leading UK manufacturer of roadway maintenance trucks and equipment, for £120 million (~$158.7 million), funded through its revolving credit facility. Econ generated approximately $88 million of net sales and $38.5 million of Adjusted EBITDA in its fiscal year ended March 31, 2026, implying a ~4.1x Adjusted EBITDA purchase multiple before synergies.
Key figures
- Deal Value Usd
- 158700000
- Deal value gbp
- £120 million
- Econ net sales
- 88000000
- Economics period
- fiscal year ended March 31, 2026
- Econ adjusted ebitda
- 38500000
- Econ rental fleet trucks
- 1300
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