Alamo Group (ALG) Acquires Ring-O-Matic

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. 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. The 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. The company achieved annual revenue in 2024 of approximately $25 million.

Jeff Leonard, Alamo Group's President and Chief Executive Officer, stated "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. 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'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."

Mr. Brian Metcalf, CEO and owner of Ring-O-Matic, said "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."

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