Federal Signal Corporation entered into a definitive agreement to acquire substantially all the assets and operations of Blasters, Inc. and Blasters Technologies, LLC for $21.4 million.

Federal Signal Corporation (NYSE:FSS) entered into a definitive agreement to acquire substantially all the assets and operations of Blasters, Inc. and Blasters Technologies, LLC for $21.4 million on November 17, 2022. The total consideration include an initial purchase price of $13.4 million, subject to post-closing adjustments, and a contingent earn-out payment of up to $8 million. The deal was funded through existing cash and borrowings under the Company's revolving credit facility.

Federal Signal Corporation anticipates completing the transaction over the next 90 days, subject to customary closing conditions.