John G Smith

John G. Smith is Newcom Media's vice-president - content and design, and previously served as the editorial director of Today's Trucking, trucknews.com, and Transport Routier. The award-winning journalist began covering the trucking industry in 1995.

Avatar photo

Federal Signal acquiring TBEI

OAK BROOKS, IL - Federal Signal Corporation is acquiring Truck Bodies and Equipment International (TBEI) - a maker of dump truck bodies and trailers -- for US $270 million. TBEI runs five manufacturing facilities through the U.S., and in the year ending March 31 it generated US $206 million in revenue. The purchase price represents 7.2 times TBEI's earnings before interest, taxes, depreciation and amortization for the same year. The deal strengthens Federal Signal's position as a specialty vehicle manufacturer in maintenance and infrastructure markets, according to an announcement about the deal. It adds to the company's existing expertise in chassis-based vehicles.