Industrial Products

Monroe Truck Equipment, Inc.

Designer, manufacturer, distributor, and up-fitter of specialized truck equipment for the municipal and commercial markets.

Transaction Overview

  • Represented Monroe Truck Equipment, Inc. (“Monroe”) in its sale to Industrial Opportunity Partners, LLC (“IOP”).
  • Monroe Truck Equipment, Inc. (“Monroe”) is a designer, manufacturer, distributor, and upfitter of specialized truck equipment for the municipal and commercial markets.  Its manufactured products include heavy-duty snowplows, sand spreaders, and salt spreaders.  Monroe also distributes light- and medium-duty truck equipment made by others.

Key Observations

  • At the time of the sale, future growth was expected to come from new products and the penetration of new geographic regions.  A recent reorganization of the Company’s manufacturing facility had created manufacturing efficiencies and additional capacity to accommodate growth.

Drivers of Interest

  • Manufacturer and distributer to stable municipal and commercial end markets.
  • Diverse sources of demand.
  • Serves multiple end markets and distribution channels.
  • Engineering and manufacturing operations permit a level of customization that is demanded by customers but avoided by other manufacturers.
Hennepin Partners LLC