M&A Deal Summary

Shyft Group Acquires Utilimaster

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

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

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

Target

Utilimaster

Bristol, Indiana, United States
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.

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Buyer(S) 1

Buyer

Shyft Group

Novi, Michigan, United States
Category Company
Founded 1975
Sector Automotive
Employees2,670
Revenue 872M USD (2023)
DESCRIPTION

Shyft Group is a designer, and manufacturer of 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.

DEAL STATS #
Overall 1 of 8
Sector (Automotive) 1 of 8
Type (Divestiture) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 8
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
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 -
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