Briggs & Stratton acquires manufacturer of turf equipment

Freeman Staff

May 20, 2015

MILWAUKEE — Briggs & Stratton Corporation announced Wednesday that it has acquired a manufacturer of specialty turf equipment in Missouri called Billy Goat Industries, Inc.

Billy Goat has annual net sales of approximately $30 million. Briggs & Stratton acquired all of the outstanding shares of Billy Goat for approximately $26 million in cash, subject to customary post-closing working capital adjustments, according to the announcement

Based in Lee’s Summit, Mo., Bill Goat was incorporated in 1969 and makes such turf equipment as aerators, sod cutters, overseeders, power rakes, brush cutters, walk behind blowers, lawn vacuums, and debris loaders.

“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,” said Harold L. Redman, senior vice president and president or Turf and Consumer Products, in a statement.