{"id":865228,"date":"2025-06-30T16:23:48","date_gmt":"2025-06-30T20:23:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/alamo-group-inc-announces-acquisition-of-ring-o-matic\/"},"modified":"2025-06-30T16:23:48","modified_gmt":"2025-06-30T20:23:48","slug":"alamo-group-inc-announces-acquisition-of-ring-o-matic","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/alamo-group-inc-announces-acquisition-of-ring-o-matic\/","title":{"rendered":"ALAMO GROUP INC. ANNOUNCES ACQUISITION OF RING-O-MATIC"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">SEGUIN, Texas<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">June 30, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Alamo Group Inc. (NYSE: ALG) today announced that it has completed the acquisition of Ring-O-Matic, Inc., a leading provider of industrial vacuum excavation equipment.\u00a0 The purchase was funded with existing cash on hand and is subject to customary net working capital closing adjustments.<\/p>\n<p>Since its founding in 1960, Ring-O-Matic, based in <span class=\"xn-location\">Pella, Iowa<\/span>, has built a well-regarded and highly respected name for itself in the marketplace. \u00a0The company is known for manufacturing high-quality trailer-mounted and custom truck-mounted excavation and vacuum units that perform essential tasks such as hydro excavation, safe digging near and around utility infrastructure, trenching, sewer jetting, and storm drain cleaning, among others.\u00a0 The company achieved annual revenue in 2024 of approximately <span class=\"xn-money\">$25 million<\/span>.<\/p>\n<p>\n        <span class=\"xn-person\">Jeff Leonard<\/span>, Alamo Group&#8217;s President and Chief Executive Officer, stated &#8220;We are very pleased to have completed this acquisition and to welcome Ring-O-Matic as a member of the Alamo Group family of companies.\u00a0 This acquisition nicely ties to our strategy of developing market share through the acquisition of successful businesses that enhance our current product offering. We believe Ring-O-Matic&#8217;s trailer mounted excavator and vacuum product portfolio will fit very nicely into our current product lineup and will allow us to achieve both cost and revenue synergies as we effectively integrate them into our organization.&#8221;<\/p>\n<p>Mr. Brian\u00a0Metcalf, CEO and owner of Ring-O-Matic, said &#8220;Since purchasing Ring-O-Matic in 2017, my team of highly qualified and dedicated people helped me build upon the strong foundations of the company to accelerate growth and create ongoing success. I fully anticipate the company will continue on its current path producing high-quality and innovative products while achieving even greater success under Alamo Group ownership.&#8221;\u00a0\u00a0<\/p>\n<p>\n        <b>About Alamo Group<\/b>\n      <\/p>\n<p>Alamo Group is a leader in the design, manufacture, distribution, and service of high-quality equipment for vegetation management, infrastructure maintenance and other applications. Our products include truck and tractor mounted mowing and other vegetation maintenance equipment, street sweepers, snow removal equipment, excavators, vacuum trucks, other industrial equipment, agricultural implements, forestry equipment and related after-market parts and services. The Company, founded in 1969, has approximately 3,750 employees and operates 27 plants in <span class=\"xn-location\">North America<\/span>, <span class=\"xn-location\">Europe<\/span>, <span class=\"xn-location\">Australia<\/span>, and <span class=\"xn-location\">Brazil<\/span> as of <span class=\"xn-chron\">March 31, 2025<\/span>.<\/p>\n<p>\n        <b>Forward Looking Statements<\/b>\n      <\/p>\n<p>\n        <i>This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company&#8217;s actual results in future periods to differ materially from forecasted results. Among those factors which could cause actual results to differ materially are the following: adverse economic conditions which could lead to a reduction in overall market demand, supply chain disruptions, labor constraints, unanticipated acquisition results, increasing costs due to inflation, disease outbreaks, geopolitical risks, including tariffs, trade wars and the effects of the war in <span class=\"xn-location\">Ukraine<\/span> and the <span class=\"xn-location\">Middle East<\/span>, competition, weather, seasonality, currency-related issues, and other risk factors listed from time to time in the Company&#8217;s SEC reports. The Company does not undertake any obligation to update the information contained herein, which speaks only as of this date.<\/i>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY21435&amp;sd=2025-06-30\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/alamo-group-inc-announces-acquisition-of-ring-o-matic-302494865.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/alamo-group-inc-announces-acquisition-of-ring-o-matic-302494865.html<\/a><\/p>\n<p>SOURCE  Alamo Group Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY21435&amp;Transmission_Id=202506301615PR_NEWS_USPR_____NY21435&amp;DateId=20250630\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SEGUIN, Texas , June 30, 2025 \/PRNewswire\/ &#8212; Alamo Group Inc. (NYSE: ALG) today announced that it has completed the acquisition of Ring-O-Matic, Inc., a leading provider of industrial vacuum excavation equipment.\u00a0 The purchase was funded with existing cash on hand and is subject to customary net working capital closing adjustments. Since its founding in 1960, Ring-O-Matic, based in Pella, Iowa, has built a well-regarded and highly respected name for itself in the marketplace. \u00a0The company is known for manufacturing high-quality trailer-mounted and custom truck-mounted excavation and vacuum units that perform essential tasks such as hydro excavation, safe digging near and around utility infrastructure, trenching, sewer jetting, and storm drain cleaning, among others.\u00a0 The company achieved annual revenue &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alamo-group-inc-announces-acquisition-of-ring-o-matic\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ALAMO GROUP INC. ANNOUNCES ACQUISITION OF RING-O-MATIC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-865228","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ALAMO GROUP INC. ANNOUNCES ACQUISITION OF RING-O-MATIC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alamo-group-inc-announces-acquisition-of-ring-o-matic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ALAMO GROUP INC. ANNOUNCES ACQUISITION OF RING-O-MATIC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SEGUIN, Texas , June 30, 2025 \/PRNewswire\/ &#8212; Alamo Group Inc. (NYSE: ALG) today announced that it has completed the acquisition of Ring-O-Matic, Inc., a leading provider of industrial vacuum excavation equipment.\u00a0 The purchase was funded with existing cash on hand and is subject to customary net working capital closing adjustments. Since its founding in 1960, Ring-O-Matic, based in Pella, Iowa, has built a well-regarded and highly respected name for itself in the marketplace. \u00a0The company is known for manufacturing high-quality trailer-mounted and custom truck-mounted excavation and vacuum units that perform essential tasks such as hydro excavation, safe digging near and around utility infrastructure, trenching, sewer jetting, and storm drain cleaning, among others.\u00a0 The company achieved annual revenue &hellip; Continue reading &quot;ALAMO GROUP INC. 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