Federal Signal Corp. acquired certain assets and operations of Public Works Equipment and Supply Inc. (PWE), a distributor of maintenance and infrastructure equipment covering North Carolina, South Carolina and parts of Tennessee. The acquisition included a purchase price of $2.5 million, plus an additional payment to acquire certain fixed assets and inventory.

PWE specializes in serving municipalities, municipal contractors and industrial contractors with high-quality products that have historically included street sweepers, sewer cleaners, hydro- and vacuum-excavation trucks, pipeline inspection systems and road maintenance equipment. In addition, PWE provides its customers with used equipment, parts and service offerings.

“PWE has been a long-term partner of Federal Signal and this transaction facilitates an orderly ownership transition in an attractive geographic market,” said Jennifer L. Sherman, president and CEO. “The acquisition will add a third location to our current footprint in this population-dense region which will allow us to better serve our customers and accelerate the growth of our aftermarket business. We are excited to join forces with PWE and are impressed by the quality of its people and its long-term relationships with customers and suppliers.”

PWE will operate as part of the Federal Signal’s Environmental Solutions Group and will continue to serve its customers with the company’s Elgin and Vactor product lines, as well as other OEM brands that it currently represents.

SOURCE – Federal Signal Corp.

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