Fayat Acquires LeeBoy
Editors note: This story has been updated.
Fayat Group has acquired LeeBoy from ST Engineering. The deal is expected to be finalized in the fourth quarter of this year.
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Fayat also owns paving brands BOMAG and Dynapac. It acquired Mecalac earlier this year.
LeeBoy will continue to operate autonomously, under the continued leadership of its current management team. The LeeBoy brand will also be preserved.
In addition to asphalt pavers, LeeBoy manufactures motor graders and road maintenance equipment.
The company would not discuss at this time details on how LeeBoy will be integrated into the Fayat Group.
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Rod Sutton
Sutton has served as the editorial lead of Construction Equipment magazine and ConstructionEquipment.com since 2001.
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