New Berlin-based Super Products LLC and Wausau-Everest LP have been acquired by Seguin, Texas-based Alamo Group Inc.
The acquisition is part of a recently closed deal to purchase the operating units of Specialized Industries LP, a portfolio company of ELB Capital Management LLC, for $190 million. A third company, Skowhegan, Maine-based Howard P. Fairfield LLC, is included in the transaction.
Super Products makes vacuum trucks and related equipment, parts and service. Wausau-Everest manufactures snow removal equipment. Howard P. Fairfield is a dealer-distributor. Together, the three companies have about 440 employees and 2013 net sales of $146.7 million.
Rod Winter, president and chief executive officer of Specialized Industries, will continue to lead operations. The companies will become part of Alamo’s North American Industrial Division. Alamo manufactures equipment for infrastructure maintenance, agriculture and other applications.
“We are pleased to complete this acquisition given its scale and the strategic opportunity it represents for Alamo,” said Ron Robinson, Alamo Group president and chief executive officer. “Specialized is a well-run organization whose products are complementary to Alamo’s existing lines. In addition, they have a strong management team that we are looking forward to having as part of Alamo Group. As is our general practice, we intend to maintain the Specialized brands and product names in the market place.”