Shyft Group Announces Merger with Aebi Schmidt

An update from Shyft Group ( (SHYF) ) is now available.

The Shyft Group has released an investor presentation regarding its proposed merger with Aebi Schmidt Group to create a leading specialty vehicles company. The merger aims to deliver significant value for shareholders through enhanced revenue, improved operations, and strategic growth, with Shyft shareholders owning 48% of the combined entity. The transaction, expected to close by mid-2025, will be tax-free for Shyft shareholders and has received unanimous board approval. The merger is projected to result in a pro forma revenue of $2.7 billion and an adjusted EBITDA of $315 million by 2028, with expectations of reaching $3 billion in revenue in the longer term.

More about Shyft Group

The Shyft Group is a leading North American company in specialty vehicle manufacturing, assembly, and upfit for commercial, retail, and service specialty vehicle markets. It serves a variety of sectors, including delivery companies, government entities, and utility segments. The company operates two business units: Shyft Fleet Vehicles and Services and Shyft Specialty Vehicles, with a range of well-known brands. The company employs around 3,000 people across multiple locations in the U.S. and Mexico and reported sales of $872 million in 2023.

YTD Price Performance: -7.28%

Average Trading Volume: 268,099

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $355.6M

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