The Shyft Group Acquires Independent Truck Upfitters, Expanding Specialty Vehicle Product Portfolio
Acquiring Company
Shyft Group
Acquired Company
Independent Truck Upfitters (ITU)
NoviKansas CityManufacturingAutomotiveMotor Vehicle ManufacturingTransportationAutomotiveFleet ManagementDescription
The Shyft Group, Inc. has announced the acquisition of Independent Truck Upfitters (ITU), a leading service body and work truck upfitter based in the Midwest. This acquisition enhances The Shyft Group's capabilities across its specialty vehicle product portfolio, allowing them to offer even greater value to their collective customers, and enabling them to enter new markets and capture a greater share of higher class-sized products.
Quick answer
Shyft Group is acquiring Independent Truck Upfitters (ITU), announced July 25, 2024. Shyft Group is based in Novi, Michigan, United States.
- How much did Shyft Group pay for Independent Truck Upfitters (ITU)?
- The deal value was not disclosed.
- What does Shyft Group do?
- The Shyft Group, listed on NASDAQ as SHYF, is a company known for its strategic mergers and acquisitions.
- Where are Shyft Group and Independent Truck Upfitters (ITU) based?
- Shyft Group is based in Novi, Michigan, United States. Independent Truck Upfitters (ITU) is based in Kansas City, Missouri, United States.
- Who are the decision-makers at Shyft Group?
- Fundz holds 3 contacts at Shyft Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Independent Truck Upfitters (ITU)?
Independent Truck Upfitters (ITU) was acquired by Shyft Group, based in Novi. The deal was reported on July 25, 2024. The Shyft Group, listed on NASDAQ as SHYF, is a company known for its strategic mergers and acquisitions. Shyft Group is privately held and operates in Manufacturing.
When did Shyft Group acquire Independent Truck Upfitters (ITU)?
Shyft Group's acquisition of Independent Truck Upfitters (ITU) was reported on July 25, 2024. The Shyft Group, Inc. has announced the acquisition of Independent Truck Upfitters (ITU), a leading service body and work truck upfitter based in the Midwest. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Independent Truck Upfitters (ITU) do?
Independent Truck Upfitters (ITU) is a leading work truck and equipment upfitter based in the Midwest. It is privately held, operating in Transportation, and is based in Kansas City.
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