Briggs & Stratton to Acquire Allmand Bros

BRIGGS & STRATTON CORPORATION LOGOBriggs & Stratton has signed an agreement to acquire U.S.-based Allmand Bros based in Holdrege, Nebraska.

Allmand is a manufacturer of towable light towers, industrial heaters and solar LED arrow boards.

Allmand has sales of approximately $80 million annually. Briggs & Stratton will acquire all of the outstanding shares of Allmand for approximately $62 million in cash, subject to customary due diligence and working capital adjustments. 

The transaction is expected to close in the next 30 days.   

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