CHICAGO–(BUSINESS WIRE)–D.A. Davidson & Co. announced today that it served as exclusive financial advisor to Alamo Group Inc. (“Alamo”) on its purchase of Petersen Industries, Inc. (“Petersen”). Alamo is a leading global manufacturer of high-quality industrial and vegetation management equipment. Petersen is an innovative manufacturer of truck-mounted grapple loader equipment.
Petersen provides high-quality grapple truck loaders to governmental end-customers for the handling of bulky waste collection. Since its founding more than 65 years ago, Petersen has been at the forefront of innovation in bulky waste collection. Petersen products have transformed how municipalities, public works departments, and private haulers handle large and difficult-to-manage waste, making the process safer, faster, and more efficient.
“Petersen is a great addition to Alamo’s industrial equipment segment,” stated Eric Stetler, Managing Director and Head of Diversified Industrials and M&A at D.A. Davidson. “We appreciated the opportunity to work with the Alamo team on this important transaction. We look forward to seeing the future growth from Petersen as part of Alamo.”
“This acquisition nicely ties to our strategy of acquiring profitable companies with innovative and attractive product portfolios that are market leaders serving stable, steadily growing, end-markets,” said Robert Hureau, Alamo Group’s President and Chief Executive Officer. “Davidson was a great partner as we evaluated this opportunity, and we appreciated their collaboration as we worked to complete this transaction.”
The transaction represents the ongoing success of D.A. Davidson’s Machinery & Equipment practice and highlights the continued momentum in D.A. Davidson’s Diversified Industrials Investment Banking Group.
D.A. Davidson’s Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions and technology.
About D.A. Davidson
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states.
Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment advisor providing fixed income portfolio and advisory services.
For more information, visit dadavidson.com.
Contacts
Deal Team Contacts
Eric Stetler
Managing Director & Head of Diversified Industrials and M&A | [email protected]
Dylan Fodel
Vice President | [email protected]
Tayler Pettit
Associate | [email protected]
Media Contact:
Emily Roy
Prosek for D.A. Davidson
(646) 818-9232
[email protected]
