2019 - Spartan - Royal

Spartan Motors has Acquired Royal Truck Body

THE TRANSACTION

On September 10, 2019, Spartan Motors, Inc., (NASDAQ: SPAR) ("Spartan Motors" or the "Company"), the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries, as well as for the emergency response and recreational vehicle markets, announced it has purchased Royal Truck Body (“Royal”), a leading, California-based designer, manufacturer, and installer of service truck bodies and accessories.

The purchase of Royal expands Spartan Motors' manufacturing operations into Southern California, Northern California, and additional West Coast markets, advancing its U.S. footprint strategy with six additional operating facilities located in California, Arizona, and Texas. Spartan will utilize Royal's existing production facility in Carson, California, and its five other locations throughout the Sun Belt to build and distribute commercial trucks more efficiently and cost effectively to West Coast customers across its business units.

Royal joins Spartan's Specialty Chassis and Vehicles business unit and, in recognition of the strength of the brand, will continue to go to market under the Royal Truck Body™ name.

Our Client

SPARTAN MOTORS

Spartan Motors is the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last-mile delivery, specialty service and vocation-specific upfit segments), as well as for the emergency response and recreational vehicle markets. The Company is organized into three core business segments: Spartan Fleet Vehicles and Services, Spartan Emergency Response and Spartan Specialty Chassis and Vehicles. Today, its family of brands also include Spartan Authorized Parts, Spartan Factory Service Centers, Utilimaster, Royal Truck Body, Strobes-R-Us, Smeal, Ladder Tower and UST. Spartan Motors and its go-to-market brands are well known in their respective industries for quality, durability, aftermarket product support and first-to-market innovation. The Company employs approximately 2,500 associates, and operates facilities in Michigan, Indiana, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, Nebraska, South Dakota; Saltillo, Mexico; and Lima, Peru. Spartan reported sales of $816 million in 2018. Learn more about Spartan Motors at www.spartanmotors.com.

Transaction Partner

ROYAL TRUCK BODY

Royal Truck Body, formed in 1971, is headquartered in Carson, CA, and operates five additional facilities in California, Arizona, and Texas. The company manufactures, assembles, installs, services, and provides accessory parts for commercial work truck beds, boxes, racking, and compartments. Consumers of these utility vehicles include plumbers, electricians, carpenters, landscapers, and other types of professional contractors. The company operates OEM dealer bailment pools with General Motors, Ford, and RAM. They also build on International, Isuzu, and Hino stripped chassis. For more information, please visit www.spartanmotors.com/royal/.

CONTACT

Managing Director
Automotive & Truck
Associate
Automotive & Truck