The Shyft Group Acquires F3 MFG (DuraMag)

The Shyft Group Acquires Independent Truck Upfitters

August 2, 2024

Automotive

The Shyft Group, a publicly traded specialty vehicle manufacturer, acquired Independent Truck Upfitters (ITU), a Midwest-based service body and work truck upfitter operating locations in Iowa, Michigan, and Missouri. The acquisition expands Shyft's specialty vehicle product portfolio and upfitting capabilities, enabling entry into larger-class vehicle upfits and broader service offerings for utility, construction, and fleet customers.

Aebi Schmidt Holding AG Acquires The Shyft Group

July 1, 2025

Manufacturing

Aebi Schmidt Holding AG completed a merger of an indirect wholly owned Aebi Schmidt subsidiary with and into The Shyft Group on July 1, 2025, creating the combined company now operating as Aebi Schmidt Group. The all‑stock transaction (Shyft shares exchanged for ~1.04 shares of the combined company) will result in the combined company trading on NASDAQ and reports $1.9 billion pro forma revenue for 2024; Shyft common stock has been delisted.

The Shyft Group Acquires XL Fleet

January 4, 2023

Automotive

The Shyft Group, Inc. completed the acquisition of XL Fleet, integrating XL Fleet technical talent, equipment and a 24,655-square-foot Wixom, Michigan technology center into Shyft’s EV-focused Blue Arc business. The acquisition includes assuming a short-term lease on the Wixom facility and supporting completion of a Department of Defense pilot development agreement to advance fleet electrification and drivetrain technology.

Fultra Acquires East Manufacturing to Expand North American Trailer Footprint

August 16, 2023

Manufacturing

Fultra, parent company of Fruehauf, has acquired East Manufacturing, a Randolph, Ohio-based maker of aluminum flatbed, drop deck, dump and refuse trailers. The acquisition expands Fultra's North American trailer footprint and combines East's dealer network and product capabilities with Fultra/Fruehauf's broader platform to serve commercial vehicle, construction, agricultural and refuse markets.

H3 Manufacturing Group Acquires RFR Metal Fabrication

June 24, 2025

Manufacturing

H3 Manufacturing Group, a Rock Gate Partners portfolio company, has acquired RFR Metal Fabrication, a precision metal fabrication shop based in Oxford, North Carolina. The add-on expands H3's multi-operation manufacturing capabilities (laser cutting, CNC machining, welding, powder coating and automated busbar fabrication) to better serve power distribution, power quality and data center customers following H3's recent recapitalization with Rock Gate Partners and Ironwood Capital.

Agile Space Industries Acquires Tronix3D

June 10, 2021

Manufacturing

Agile Space Industries acquired metal additive manufacturer Tronix3D and will integrate and rebrand the business as Agile Additive to internalize metal 3D printing capabilities. The deal expands Agile's in-house manufacturing and IP for exotic metal alloys to accelerate development and production of high-performance aerospace components.