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
Monroe Truck Equipment, Inc.