Federal Signal Completes Acquisition of New Way Trucks

DOWNERS GROVE, Illinois, November 26, 2025 — Federal Signal Corporation (NYSE: FSS) (the “Company”), a leader in environmental and safety solutions, today announced that it has completed the acquisition of Scranton Manufacturing Company LLC d/b/a New Way Trucks (“New Way”), an industry-leading U.S.-based designer and manufacturer of refuse collection vehicles. The signing of the purchase agreement was previously announced on Sept. 24, 2025. 

“We are thrilled to complete the acquisition of New Way and officially welcome its more than 750 employees to the Federal Signal family,” said Jennifer L. Sherman, President and Chief Executive Officer. “New Way’s leading market position in automated side loaders and its strong reputation for quality and customer focus make it a natural fit within our Environmental Group. With a current backlog in excess of $100 million, New Way has visibility into the first half of next year. Longer term, we expect to leverage the power of our specialty vehicle platform – from 80/20 product optimization to aftermarket expansion – to accelerate growth, enhance margins, and deliver long-term value for our customers and stockholders.”

About Federal Signal

Federal Signal Corporation (NYSE: FSS) builds and delivers equipment of unmatched quality that moves material, cleans infrastructure, and protects the communities where we work and live. Founded in 1901, Federal Signal is a leading global designer, manufacturer, and supplier of products and total solutions that serve municipal, governmental, industrial, and commercial customers. Headquartered in Downers Grove, Ill., with manufacturing facilities worldwide, the Company operates two groups: Environmental Solutions and Safety and Security Systems. For more information on Federal Signal, visit: www.federalsignal.com.