Monroe Truck Equipment, Inc.
IOP Fund II
Acquisition Date: | February 2015 |
Status: | Exited |
Headquarters: | Monroe, WI |
Exit Date: | December 2021 |
Acquirer: | Aebi Schmidt Group |
Add-on Acquisitions: | Executed add-on acquisitions during IOP ownership |
Description
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, as well as landscaping and other commercial vehicles. Primary products include various truck bodies, snow plows and hitches, and de-icing equipment.
Operating Thesis
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