The Fayat Group has announced it has signed an agreement with ST Engineering for the acquisition of LeeBoy.
The completion of the transaction remains subject to certain conditions, including customary regulatory approvals in the United States.
Fayat Group expects to finalize the acquisition of LeeBoy by the end of the year.
Based in Lincolnton, North Carolina, LeeBoy specializing in the design and manufacturing of road construction equipment. The company offers a range of products, including pavers, compact motor graders, road wideners and rollers. It’s North Carolina facility produces more than 35 models of LeeBoy and Rosco machines.
The company was founded in 1964 by B.R. Lee and became known for its self-propelled pavers. Lee retired in 2000 and sold a majority stake in his company to Crescent Capital. The Singapore-based ST Engineering acquired the company in 2006.
Based in France, the Fayat Group operates in 170 countries and employs more than 23,000 people. In the roadbuilding sector, Fayat is the parent company of Bomag, Dynapac and Secmair.
In 2024, Fayat Group acquired a controlling interest in the Indiana-based Asphalt Durm Mixers (ADM), which manufactures asphalt plants and components. The acquisition aimed to help Fayat Group expand its position in North America.
This year, Fayat Group acquired a 100 per cent stake in the Mecalac Group, which offers a wide range of compact and innovative construction equipment for urban worksites: excavators, loaders, dumpers and backhoe loaders. Also based in France, Mecalac operates production sites in France, Germany, the United Kingdom and Turkey.
