Shyft Group Mergers and Acquisitions Summary

AutomotiveCompany

Shyft Group has acquired 6 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 5 different US states. The Company’s most targeted sectors include automotive (100%).

Join Mergr and gain access to Shyft Group’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the automotive sector.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity6
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Shyft Group

The Shyft Group, Inc.

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

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. Shyft Group was founded in 1975 and is based in Novi, Michigan.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.6/yr) # 3 1 1 1 - - 6
vol $86M $86M
Sell (0.2/yr) # 1 - - 1 - - 2
vol $8M $55M $63M
  8

Most Recent M&A

Company Date Value Type
F3 MFG, Inc. 2020-10-01 - Add-on Acquisition
Waterville, Maine · www.F3mfg.com
Spartan Motors, Inc. - Emergency Response Unit 2020-02-03 55M USD Divestiture
, Michigan
Royal Truck Body 2019-09-10 - Add-on Acquisition
Carson, California · www.royaltruckbody.com
Strobes-R-Us, Inc. 2018-12-17 - Add-on Acquisition
Pompano Beach, Florida · www.strobes-r-us.com
Smeal Fire Apparatus Co. 2016-12-13 36M USD Add-on Acquisition
Snyder, Nebraska · www.smeal.com
Classic Fire LLC 2011-04-01 - Add-on Acquisition
Ocala, Florida
Road Rescue, Inc. 2010-09-20 8M USD Divestiture
Winter Park, Florida · www.roadrescue.com
Utilimaster Corp. 2009-11-30 50M USD Divestiture
Bristol, Indiana · www.utilimaster.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 6 (100%) 86M (100%) 2 (100%) 63M (100%)
Total 6 $86M 2 $63M

By Geo

State/Country Buy Value Sell Value
United States 6 86M 2 63M
  Florida 2 - 1 8M
  Nebraska 1 36M - -
  Maine 1 - - -
  Indiana 1 50M - -
  California 1 - - -
  Michigan - - 1 55M
Total 6 $86M 2 $63M

Deal Values

buy # Total
< $100M 2 $86M
TOTAL $86M
Largest Utilimaster Corp.
$50M (2009-11-30)
sell # Total
< $100M 2 $63M
TOTAL $63M
Largest Spartan Motors, Inc. - Emergency Response Unit
$55M (2020-02-03)

M&A Connections

Deals
Acquired from
Strategic(s)
17%
1 (17%)
Divested to
Strategic(s)
100%
2 (100%)

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