Utility Fleet

Federal Signal Completes $270 Million Acquisition of TBEI

June 02, 2017

Federal Signal has completed its acquisition of Truck Bodies and Equipment International, a manufacturer of dump bodies and trailers, for a purchase price of $270 million.  

TBEI represents a portfolio of six established brands: Travis Trailer & Body Company, Crysteel, Ox Bodies, Rugby Manufacturing, DuraClass, and J-Craft. TBEI will be combined with the businesses in Federal Signal’s Environmental Solutions Group to create a single platform offering municipal and industrial customers a suite of maintenance and infrastructure equipment support.

In a release earlier this month, Federal Signal stated that as part of the deal, TBEI’s president and CEO Robert Fines will be joining the company’s management team.

“Their product offerings will allow us to further diversify into higher growth, maintenance and infrastructure markets while balancing the mix of revenue streams between municipal and industrial, and reduce our exposure to oil and gas,” said Jennifer L. Sherman, Federal Signal’s president and CEO. “This acquisition represents a strong strategic fit for Federal Signal and will enhance our ability to achieve sustainable and profitable growth.”

Comment On This Story

Name:  
Email:  
Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

FleetFAQ

Public Fleet Tracking And Telematics

Amin Amini from Verizon will answer your questions and challenges

View All

Recent Topics

How many of you use bench marking in regards to Fleet stats? am interested learning and participating with bench marking and how it...

View Topic

Hi everyone! Just wanted to remind you about fleetDOCs, our library of fleet-related documents. Users can upload any relevant fleet...

View Topic

Fleet Documents

1019 Fleet Documents (and counting) to Download!

Sponsored by

In leasing lore, Hubert Ryan and the Hertz Corp. are inextricably intertwined.

Read more