Monroe Truck Equipment, Inc.

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Project Description

Monroe Truck Equipment, Inc.

IOP Fund II

Acquisition Date: February 2015
Status: Current
Headquarters: Monroe, WI
Add-on Acquisitions:

Seeking acquisitions

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