Alamo Group Inc. (NYSE:ALG) acquired 100% stake in Royal Truck and Equipment, Inc. on October 10, 2023. Royal Truck?s annual revenue was approximately $40 million in 2022 and the company had trailing twelve-month revenue of approximately $44 million as of the end of August, 2023. Royal Truck has approximately 50 employees. Mr. Roy currently serves as the President of Royal Truck and he will continue in this role for an agreed transition period following the closing. The company will become a part of Alamo?s Industrial Equipment Division led by Michael Haberman.

Alamo Group Inc. (NYSE:ALG) completed the acquisition of 100% stake in Royal Truck and Equipment, Inc. for $28 million on October 10, 2023. Consideration is subject to post closing adjustments.