Monroe Truck Equipment Inc., a Wisconsin-based producer of truck and trailer equipment and owned by Industrial Opportunity Partners, is being sold to Aebi Schmidt Group to strengthen its global and US positioning.
Pending regulatory approval, the deal is expected to close by the end of 2021. Financial details are not available.
Founded in 1958, Monroe Truck Equipment is an industry-leading manufacturer, up-fitter and distributor of truck and trailer equipment for the municipal and commercial markets, including a strong snow and ice business with approximately $270 million in annual revenue. It offers custom engineering, product customization and all-around support for truck equipment.
Aebi Schmidt will gain access to Monroe’s uplifting centers and nationwide distribution network, providing new and existing US customer base opportunities.
Monroe will benefit from the more global reach of Aebi Schmidt, including its resources in winter road maintenance and sweeping technology.
Founded in 1883, Aebi Schmidt Group is a Switzerland-based manufacturer of municipal and agriculture machinery such as transporters, road sweepers, tractors and mowers.