Briggs & Stratton acquires Billy Goat Industries
Specialty turf equipment company joins Briggs family.
Briggs & Stratton announced has acquired Billy Goat Industries, a manufacturer of specialty turf equipment, which includes: aerators, sod cutters, overseeders, power rakes, brush cutters, walk behind blowers, lawn vacuums, and debris loaders.
Billy Goat has annual net sales of approximately $30 million. Briggs & Stratton has acquired all of the outstanding shares of Billy Goat for approximately $26 million in cash, subject to customary post-closing working capital adjustments. The transaction was effective May 20.
"Billy Goat's products complement Briggs & Stratton's already strong commercial turf brands, add specialty lines with market leading innovation, and further increase Briggs' market access to the rental channel," stated Harold L. Redman, Sr. Vice-President and President, Turf and Consumer Products.
"Billy Goat Industries, Inc. helps us to further our strategic initiative of focusing on higher margin commercial products," commented Todd J. Teske, Chairman, President and Chief Executive Officer of Briggs & Stratton Corporation.
Briggs & Stratton acquired Allmand Bros. last August.
Lwearn more at www.briggsandstratton.com.
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