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.

Targets
Independent Truck Upfitters
Industry
Automotive
Location
Iowa, United States
Transaction Type
Buyout

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