Federal Signal Corp. reports the completion of the acquisition of dump body manufacturer OSW Equipment and Repair LLC for cash consideration of $52.5 million.
“I have been a long-time admirer of OSW and the strength of its brands”, said Robert E. Fines, vice president and GM of FSC subsidiary Truck Bodies and Equipment International. “The acquisition provides considerable opportunity for long-term value creation through operational improvement initiatives, organic growth and additional acquisitions.”
OSW is headquartered in Snohomish, Wash., with an upfitting location in Tempe, Ariz. The acquisition also includes the operations of Northend Truck Equipment, co-located with OSW, and Western Truck Body, based in Edmonton, Canada. Both NTE and WTB are wholly owned subsidiaries of OSW.
“Since acquiring TBEI, the geographic expansion of our existing platform of market-leading dump bodies and trailers has been a strategic objective,” said Jennifer L. Sherman, FSC president and CEO. “The acquisition of OSW represents a highly strategic transaction, adding three premier brands that serve attractive infrastructure, construction and other industrial end-markets on the West Coast, in Arizona and in parts of Canada.”
TBEI brands include Crysteel, Ox Bodies, Rugby, DuraClass, J-Craft and Travis.