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[He] is very well known and respected for his accomplishments," said Bob Fines, TBEI President and CEO.
M2 EQUITYBITES-June 5, 2017-Federal Signal acquires TBEI for USD270m
Federal Signal Corporation (NYSE:FSS) has closed the acquisition of Truck Bodies and Equipment International (TBEI), for a purchase price of USD270m that is subject to customary closing adjustments, the company revealed on Friday.
During the twelve months ended 31 March 2017, TBEI generated revenues of USD 206m and an EBITDA margin of approximately 18%.
(NYSE: FSS) has agreed to acquire Minnesota, US-based dump truck bodies and trailers manufacturer Truck Bodies and Equipment International (TBEI) for USD 270m, the company said.
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