SEGUIN, Texas — Alamo Group Inc. (NYSE: ALG) announced that effective today it has acquired R.P.M. Tech Inc. (“R.P.M.”), a manufacturer of heavy-duty snow removal equipment, mainly mechanical snow blowers and associated parts. The primary end-users of R.P.M. products are governmental agencies, related contractors, airports and other industrial users. R.P.M. is located in Drummondville, Quebec, Canada, and had sales of approximately C$25.0 million in its last fiscal year ending May 31, 2017. The purchase price for all of the outstanding shares of stock was approximately C$16.7 million, subject to adjustment in accordance with terms of the Share Purchase Agreement.
R.P.M. will become part of Alamo’s Industrial Division and will work closely with the company’s nearby Tenco operations located in St. Valerian, Quebec.
Ron Robinson, Alamo Group’s president and chief executive officer commented, “R.P.M. is a company we have known and worked with for many years and we feel they will be an excellent addition to Alamo. Their range of snow throwers will be a nice complement to our existing range of snow removal products.”
R.P.M. was owned by Fiducie Familiale Piamvic, Fiducie Familiale Pouanneli and Gestion Iamvic Inc. and led by Pierre Bernard. Pierre commented, “We are pleased to be joining our company with Alamo as we feel they will continue on the same path of building high quality equipment and they can provide the resources to take R.P.M. to the next level.”