- 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.
- 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.