M&A Deal Summary

The Shyft Group Acquires Utilimaster

On November 30, 2009, The Shyft Group acquired automotive company Utilimaster from John Hancock Financial Services for 50M USD

Acquisition Highlights
  • This is The Shyft Group’s 1st transaction in the Automotive sector.
  • This is The Shyft Group’s largest (disclosed) transaction.
  • This is The Shyft Group’s 1st transaction in the United States.
  • This is The Shyft Group’s 1st transaction in Indiana.

M&A Deal Summary

Date 2009-11-30
Target Utilimaster
Sector Automotive
Buyer(s) The Shyft Group
Sellers(s) John Hancock Financial Services
Deal Type Divestiture
Deal Value 50M USD

Target

Utilimaster

Bristol, Indiana, United States
website
Utilimaster Corp. is a manufacturer of specialty vehicles made to customer specifications in the delivery and service market, including walk-in vans and hi-cube vans, as well as truck bodies.

Search 191,421 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

The Shyft Group

Novi, Michigan, United States

website


Category Company
Founded 1975
Sector Automotive
Employees2,200
Revenue 1.0B USD (2022)
DESCRIPTION

The Shyft Group is a designer, engineerr and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), emergency response (ER), government services, defense, and delivery and service markets. The Shyft Group was founded in 1975 and is based in Novi, Michigan.


DEAL STATS #
Overall 1 of 7
Sector (Automotive) 1 of 7
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 7
Year (2009) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-20 Road Rescue

Winter Park, Florida, United States

Road Rescue, Inc. is a manufacturer of ambulances.

Sell $8M

Seller(S) 1

SELLER

John Hancock Financial Services

Boston, Massachusetts, United States

website


Category Company
Founded 1862
Sector Financial Services
DESCRIPTION

John Hancock Financial Services, Inc. is a financial services provider offering investment solutions, advisory services, insurance programs, and retirement planning.


DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Signator Financial Services

Bellevue, Washington, United States

Signator Financial Services, Inc. is a dual registered broker-dealer/registered investment adviser.

Buy -