The management team of E-ONE, Inc. and American Industrial Partners (AIP), a leading middle market private equity firm, announce a definitive agreement for the purchase of E-ONE from Federal Signal Corporation. As a result of the purchase, E-ONE will become a privately-held company backed by AIP. The E-ONE management team will invest alongside AIP as significant shareholders in the Company.
“We are delighted to have partnered with AIP,” stated Peter Guile, CEO of E-ONE, “AIP has demonstrated a deep understanding of the specialty vehicle market and brings a wealth of expertise in support of the E-ONE team. The E-ONE management team, with investment in the Company, has reinforced its commitment to the long-term success of E-ONE. This transaction will be beneficial to customers, dealers and employees alike as we work with AIP to strengthen our operations and continue to invest in technologies and provide industry leading fire apparatus and mission-critical vehicles.”
Guile continued, “With many talented employees, strong dealers, and loyal customers, E-ONE has maintained a longstanding reputation as a leader in the fire apparatus industry. We are exceptionally pleased with the new ownership agreement and see a bright future ahead for E-ONE fire apparatus.”
E-ONE will continue to be the exclusive supplier of Bronto articulating aerial platforms for the North American fire rescue market and integrate Federal Signal public safety interoperable software into our Comms-ONE and larger command vehicles.
More:www.e-one.com
