Acquisition History / Federal Signal Corporation / New Way (Scranton Manufacturing)
Federal Signal Corporation Acquires New Way (Scranton Manufacturing)
Announced November 25, 2025 — $426M
What happened
Federal Signal completed the acquisition of all of the equity interests of New Way on November 25, 2025 for an initial purchase price of $396M, and paid an additional $30M for New Way's manufacturing facilities and real estate in Iowa and Mississippi.
- Acquirer
- Federal Signal Corporation
- Target
- New Way (Scranton Manufacturing)
- Announced
- November 25, 2025
- Price
- $426M
- Industry
- Refuse truck bodies
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Federal Signal Corporation acquire New Way (Scranton Manufacturing)?
Federal Signal Corporation acquired New Way (Scranton Manufacturing) on November 25, 2025. This was Federal Signal Corporation's 2nd publicly tracked acquisition out of 2 we have on record.
How much did Federal Signal Corporation pay for New Way (Scranton Manufacturing)?
Federal Signal Corporation paid $426M for New Way (Scranton Manufacturing).
What does New Way (Scranton Manufacturing) do?
Federal Signal completed the acquisition of all of the equity interests of New Way on November 25, 2025 for an initial purchase price of $396M, and paid an additional $30M for New Way's manufacturing facilities and real estate in Iowa and Mississippi.
What other Refuse truck bodies companies has Federal Signal Corporation acquired?
New Way (Scranton Manufacturing) is Federal Signal Corporation's only publicly tracked acquisition in Refuse truck bodies so far.
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