Federal Signal Corporation is set to acquire Mega Corporation for $45.5 million, enhancing its presence in the metal extraction equipment market.

Target Information

Federal Signal Corporation has announced its intention to acquire Mega Corporation, a manufacturer specializing in vehicles and equipment for the metal extraction and construction industries, for $45.5 million in cash. The deal includes the acquisition of Mega's production facility located in Albuquerque, New Mexico, and is expected to enhance Federal Signal's earnings starting in 2026.

Jennifer L. Sherman, CEO of Federal Signal, emphasized that this acquisition not only strengthens the company's presence in the global metal extraction support equipment market but also aligns strategically with its existing divisions—Ground Force and TowHaul. The acquisition represents a notable progression in Federal Signal's expansion within the specialty vehicle platform.

Industry Overview

The metal extraction and construction equipment industry in the United States is characterized by a strong emphasis on innovation and technology. As construction and mining activities escalate