--- title: Federal Signal Corporation Closes Joe Johnson Equipment Acquisition description: Oak Brook, Illinois, June 3, 2016 ‒ Federal Signal Corporation (NYSE:FSS), a leader in environmental and safety solutions, today announced that it has closed the transaction to acquire substantially all of the assets and operations of Joe Johnson Equipment (“JJE”), a leading Canadian-based distributor of maintenance equipment for municipal and industrial markets. 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Signing of the purchase agreement was announced on February 29, 2016. As previously announced, the transaction involves initial consideration of C$108 million (approximately U.S. $83 million), subject to closing and post-closing adjustments for working capital. In addition, there is a deferred payment of C$8 million and a contingent earn-out payment of up to C$10 million. JJE’s revenues in North America were approximately C$163 million (approximately U.S. $125 million) during the calendar year ending December 31, 2015. JJE specializes in serving municipalities, municipal contractors and industrial contractors with high-quality products that include street sweepers, sewer cleaners, vacuum trucks, snow removal equipment and refuse collection equipment. JJE represents leading brands that include Federal Signal’s Elgin, Vactor, Guzzler and Jetstream lines, as well as Labrie, Trackless, Envirosight, Epoke and others. They also offer rental options, used equipment, parts, service and ancillary equipment. “We are excited about joining forces with an outstanding organization like Joe Johnson Equipment,” said Jennifer L. Sherman, Federal Signal’s President and Chief Executive Officer. “Their product offerings, parts and service business, equipment rental capabilities and used equipment offerings will strengthen and expand our service to customers across North America and will help us accelerate our growth.” [View ](https://www.federalsignal.com/hubfs/2016-06-03_fsc_closes_jje_acquisition.pdf)the complete release ## Comments ## Safe Harbor ### “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995 Information on our website may contain unaudited financial info and various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements included in information on our website that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: economic and political uncertainty, risks and adverse economic effects associated with geopolitical conflicts, legal and regulatory developments, foreign currency exchange rate changes, inflationary pressures, product and price competition, supply chain disruptions, availability and pricing of raw materials, interest rate changes, risks associated with acquisitions such as integration of operations and achieving anticipated revenue and cost benefits, work stoppages, increases in pension funding requirements, cybersecurity risks, increased legal expenses and litigation results and other risks and uncertainties described in filings with the Securities and Exchange Commission. **Contact**: Ian Hudson, Chief Financial Officer, +1-630-954-2000, [IHudson@federalsignal.com](mailto:IHudson@federalsignal.com) [![logo-FederalSignal](https://www.federalsignal.com/hubfs/logo-Fedsig.svg "logo-FederalSignal")](https://www.federalsignal.com/home) 1333 Butterfield Road Suite 500 Downers Grove, IL 60515 [Contact Us](https://6860826.hs-sites.com/contact-us) Copyright © 2026 Federal Signal Corporation. All Rights Reserved. [Safe Harbor](https://www.federalsignal.com/fs-news/federal-signal-corporation-closes-joe-johnson-equipment-acquisition-0#popup) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Admin", "url" : "https://www.federalsignal.com/fs-news/author/admin" }, "dateModified" : "2022-09-07T20:41:30.208Z", "datePublished" : "2016-06-03T05:00:00.000Z", "headline" : "Federal Signal Corporation Closes Joe Johnson Equipment Acquisition", "mainEntityOfPage" : { "@id" : "https://www.federalsignal.com/fs-news/federal-signal-corporation-closes-joe-johnson-equipment-acquisition-0", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.federalsignal.com/hubfs/MRL%20Equipment/logos/federal_signal_logo_red.png" }, "name" : "Federal Signal" } } ```