After cutting out a niche of keeping streets clean over 100 years ago, a Richmond business has been sold to out-of-town suitors.
Old Dominion Brush Co. has been sold for roughly $20 million to Alamo Group, a publicly traded industrial equipment manufacturer based in Texas.
The deal closed in late June. ODB and Alamo Group representatives declined to comment on the acquisition.
Founded in 1910, ODB makes and sells replacement brooms for street sweepers, among other municipal cleaning equipment. The company had been run by the Brizzolara family.
In 2016, it reported sales of $27.7 million.
Brothers Tim and Duke Brizzolara will continue to run ODB from its headquarters at 5118 Glen Alden Drive. ODB also has locations in New York, Vermont and Missouri.
Earlier in 2017, Alamo also acquired Santa Izabel Agro Industria, a Brazil-based agricultural trailer manufacturer. Alamo was founded in 1969 and controls more than 30 companies worldwide.