08:44 AM EDT, 10/07/2024 (MT Newswires) -- Federal Signal ( FSS ) said Monday that it has completed its acquisition of substantially all the assets and operations of Standard Equipment Company, a distributor of specialty maintenance and infrastructure equipment.

Under the terms of the deal, the acquisition includes an initial purchase price of $38.8 million and a potential earn-out payment of up to $4.8 million that is contingent on meeting certain financial targets.

Federal Signal ( FSS ) said it expects the acquisition, which closed Friday, to be accretive to earnings and cash flow in 2025.