The Shyft Group - M&A Summary and Business Overview

AutomotiveCompany

The Shyft Group M&A Summary

The Shyft Group has acquired 7 companies, including 3 in the last 5 years. It has also divested 2 assets.

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

The Shyft Group Business Overview

Where is The Shyft Group headquartered?

The Shyft Group is headquartered in Novi, Michigan.

What is The Shyft Group’s revenue?

The Shyft Group disclosed revenue of 1,027M USD for 2022 and 992M USD for 2021.

How many employees does The Shyft Group have?

The Shyft Group has 2,200 employees.

What sector is The Shyft Group in?

The Shyft Group is an automotive company.

When was The Shyft Group founded?

The Shyft Group was founded in 1975.

M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity7
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1

The Shyft Group

The Shyft Group, Inc.

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

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 5 1 - - 1 - 7
vol $86M $86M
Sell (0.2/yr) # 1 1 - - - - 2
vol $8M $55M $63M
  9

Most Recent M&A

Company Date Value Type
XL Fleet Corp. 2023-01-04 - Add-on Acquisition
Boston, Massachusetts · www.xlfleet.com
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 7 (100%) 86M (100%) 2 (100%) 63M (100%)
Total 7 $86M 2 $63M

By Geo

State/Country Buy Value Sell Value
United States 7 86M 2 63M
  Florida 2 - 1 8M
  Nebraska 1 36M - -
  Massachusetts 1 - - -
  Maine 1 - - -
  Indiana 1 50M - -
  California 1 - - -
  Michigan - - 1 55M
Total 7 $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)
14%
1 (14%)
Divested to
Strategic(s)
100%
2 (100%)

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