Alamo Group has acquired Econ Engineering, the Ripon-based maker of gritters and road maintenance vehicles, for £120m (about US$158.7m), the Seguin, Texas-based company said on 27 October 2026.
Why Alamo Group Inc. is buying Econ Engineering Group Limited
Alamo said Econ advances its strategy of expanding its Industrial Equipment portfolio, adding year-round road maintenance equipment and a UK rental and service business serving statutory infrastructure maintenance markets.
“Econ is a strong addition to Alamo Group and advances our strategy to expand our Industrial Equipment portfolio”
Deal terms and financing
The price is subject to customary closing adjustments and was funded through Alamo's revolving credit facility. Econ generated about US$88m of net sales and US$38.5m of adjusted EBITDA in the year ended 31 March 2026.
Market context
Econ was founded by Bill Lupton in 1969 and had remained in Lupton family ownership; The Stray Ferret reported it employs 251 people. Alamo, listed on the New York Stock Exchange, completed its purchase of Petersen Industries in January 2026.
