The Shyft Group Acquires Independent Truck Upfitters
August 2, 2024
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.
- Buyers
- The Shyft Group
- Targets
- Independent Truck Upfitters
- Industry
- Automotive
- Location
- Iowa, United States
- Transaction Type
- Buyout
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