Monroe Truck Equipment, Inc.
Investment Date: February 6, 2015
Monroe is a designer, manufacturer, distributor and installer/upfitter of specialized truck equipment for the municipal and commercial markets. Monroe specializes in snow and ice related equipment for heavy duty, medium duty and light duty vehicles. Primary products include various truck bodies, snow plows and hitches, and de-icing equipment. Monroe is headquartered in Monroe, Wisconsin, and operates through six independent facilities used to service its international customer base and totaling more than 400,000 sq. ft.
For more information, please visit Monroe's website at www.monroetruck.com.
Investment Approach / Accomplishments:
Provide support to existing management team
Create fundamental improvement in operating performance:
- Expand manufacturing capacity to take advantage of new customer and product opportunities
- Reduce purchasing costs and working capital needs
- Capitalize on identified growth opportunities