Alamo Group Inc. (NYSE:ALG) is looking for acquisitions. Jeffery Leonard, President and Chief Executive Officer said, "We're ready to do a larger strategic acquisition right now. We just haven't found the right thing.

So in the meantime, we're back to doing what we do. We're just making a steady diet of smaller things. We've got a couple of others in the pipeline that we're very excited about, and as I said, we were very, very patient with Royal.

I remember when I was still running the Industrial division when I met the Royal folks for the first time years ago, so it was nice to see that one come. But there's a couple of other tuck-ins like that we're in kind of the middling stages with that I think we'll see play out early next year. So we're just kind of doing what we do in there, waiting for something big, but we -- I'd like to become available".