Federal Signal Corporation /
New Way
Federal Signal to purchase New Way in equity deal
Source for the buyer and target: Federal Signal Corporation
For the buyer and target.
“On September 24, 2025, Federal Signal Corporation, a Delaware corporation (the “Company”), entered into an Equity Purchase Agreement (the “Purchase Agreement”) with McLaughlin Family Companies Inc., an Iowa corporation, and Scranton Manufacturing Company Inc., an Iowa corporation (“New Way”).”
Published 25 Sep 2025
Open the sourceWhat happened
Federal Signal Corporation agreed to acquire all outstanding equity interests of New Way from McLaughlin Family Companies Inc. The agreement provides for initial consideration of $396 million, plus $30 million for manufacturing facilities and associated real estate rights in Iowa and Mississippi. [01]
New Way designs and manufactures refuse collection vehicles. The acquisition is subject to customary conditions, including antitrust approval. [01]
The source
Everything on this page comes from the source below, quoted word for word.
Federal Signal to purchase New Way in equity deal
This document is the source for the companies, stage, figure and people on this page.
Open the sourceTimeline
Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.
The same firms, in other deals
The firms' deal history and connections across other deals.
These firms' full profiles are part of Pro.
Get ProAlready a member? Sign in
Pro is open to everyone.
By email · Weekly