Alamo Group completes £120 million purchase of UK roadway‑maintenance equipment maker Econ Engineering
Alamo Group Inc. announced that it has bought Econ Engineering Group Limited, a British producer of road‑maintenance trucks and related equipment, for £120 million (about $158.7 million). The deal was financed through Alamo’s revolving credit facility. Econ reported fiscal‑year‑ended March 31 2026 net sales of $88 million and adjusted EBITDA of $38.5 million.
Why it matters
The acquisition expands Alamo’s industrial‑equipment portfolio and gives it a stronger foothold in the United Kingdom, which could boost future revenue growth. The purchase price was funded from Alamo’s existing credit line, leaving its balance‑sheet liquidity unchanged.
Key facts
- 1Alamo Group agreed to acquire Econ Engineering for £120 million, or roughly $158.7 million, subject to customary closing adjustments. prnewswire.com
- 2The purchase price was paid using Alamo’s revolving credit facility. prnewswire.com
- 3Econ generated approximately $88 million of net sales for the fiscal year ended March 31 2026. prnewswire.com
- 4Econ reported adjusted EBITDA of $38.5 million for the same fiscal year. prnewswire.com
- 5Econ operates a rental fleet of about 1,300 vocational trucks in the United Kingdom. investing.com
- 6Robert Hureau is the Chief Executive Officer of Alamo Group. prnewswire.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.