On the Record · Shyft Group
Shyft Group acquisitions, on the record
The businesses Shyft Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Emergency Response Vehicle (“ERV”) businessWord for word“On February 1, 2020, we completed the sale of our Emergency Response Vehicle (“ERV”) business for $ 55,000 cash subject to certain post-closing adjustments.” 10-K for 2022 | divestiture | February 1, 2020 | $ 55,000 |
F3 MFG Inc.Word for word“On October 1, 2020, the Company acquired substantially all of the assets and certain liabilities of F3 MFG Inc. through the Company’s subsidiary, The Shyft Group DuraMag LLC (“DuraMag”).” 10-K for 2022 | acquisition | October 1, 2020 | — |
Emergency Response Vehicles (“ERV”) businessWord for word“Unless noted otherwise, the data in this Form 10-K reflects our continuing operations and, therefore, excludes the performance of our previously divested Emergency Response Vehicles (“ERV”) business.” 10-K for 2023 | divestiture | — | — |
Aebi Schmidt Holding AGWord for word“On December 16, 2024, we entered into the Merger Agreement, pursuant to which, on the terms and subject to the conditions set forth in the Merger Agreement, Merger Sub will merge with and into the Company, with the Company surviving the Merger as a direct, wholly owned subsidiary of Holdco and as an indirect, wholly owned subsidiary of Aebi Schmidt.” 10-K for 2024 | agreed acquisition | December 16, 2024 | — |
Independent Truck Upfitters ("ITU")Word for word“Acquired Independent Truck Upfitters (“ITU”), a Midwest-based provider of vocational service body upfit for commercial fleets and government service vehicles, on July 24, 2024 for cash consideration of $49.9 million and up to an additional $8.0 million earn-out amount.” 10-K for 2024 | acquisition | July 24, 2024 | $49.9 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2017-12-31 | $28.9 million | $11.5 million |
| 2018-12-31 | $5.2 million | — |
| 2019-12-31 | $88.9 million | — |
| 2020-12-31 | $18.1 million | — |
| 2021-12-31 | −$904,000 | — |
| 2022-12-31 | $0 | — |
| 2023-12-31 | $500,000 | — |
| 2024-12-31 | $47.6 million | — |
Deal filings since 2016
- 2025-07-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-12-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-02-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-02-06 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-09-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-09-12 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-08-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-12-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Shyft Group’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.