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Shyft Group Mergers & Acquisitions

Shyft Group M&A Summary

Shyft Group has acquired 8 companies, including 3 in the last 5 years. It has also divested 2 assets.

Shyft Group’s largest acquisition to date was in 2009, when it acquired Utilimaster for $50M. It’s largest disclosed sale occurred in 2020, when it sold Spartan Motors - Emergency Response Unit to REV Group for $55M. Shyft Group has acquired in 7 different US states. The Company’s most targeted sectors include automotive (100%).

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity8
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

Shyft Group

The Shyft Group, Inc.

41280 Bridge Street,
Novi, Michigan 48375
United States,
(517) 543-6400
www.theshyftgroup.com

All (10) Buy (8) Sell (2)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2024-07-25 Independent Truck Upfitters · Automotive
Kansas City, Missouri · www.ituinc.com

Independent Truck Upfitters is a service body and work truck upfitter based in the Midwest. Serving utility, construction, and fleet management companies, ITU provides custom upfit solutions, including bodies, crane packages, liftgates, and aftermarket accessories for commercial work trucks. Independent Truck Upfitters is based in Kansas City, Missouri.

- Add-on Acquisition

Shyft Group

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