KINGS PARK, N.Y., May 01, 2017 (GLOBE NEWSWIRE) -- Dejana Truck and Utility Equipment (Dejana), a premier upfitter and manufacturer of vehicle attachments and equipment and a subsidiary of Douglas Dynamics, Inc., today announced it has acquired Arrowhead Equipment, Inc. The deal is a natural extension of Dejana’s ongoing growth strategy that it has been successfully executing for several years. The deal adds two manufacturing facilities that will improve service to Dejana’s customer base in the region.
Arrowhead Equipment has grown organically to become a leading upfitter in the upstate New York market, with two upfit facilities located in Albany and Queensbury that have a combined 31,000 square feet of space. Arrowhead Equipment is a well-run family-owned business that currently employs approximately 50 people. Acquiring Arrowhead Equipment allows Dejana to further leverage its relationship with truck and van OEMs and augment its position as a leading bailment pool upfitter. Arrowhead Equipment’s customer portfolio includes a diverse base of commercial truck users, ranging from commercial snow contractors, municipalities, and emergency response entities. The two additional locations will be Dejana’s eighth and ninth manufacturing locations, each with truck equipment showrooms for retail sales.
“We are pleased to welcome the Arrowhead Equipment team into the Dejana family,” said Andrew Dejana, President of Dejana Truck & Utility Equipment Company. “As the logical next step in our ongoing expansion strategy, we believe that adding Arrowhead Equipment will magnify our reach and improve our ability to serve current and potential customers. Bill Ehlert and his team have a solid track record of growth, with a leading presence in the Albany market, and there are ample opportunities to continue to expand the business in the coming years.”
The Arrowhead Equipment team will continue to lead the business, reporting to Andrew Dejana, President of Dejana Truck & Utility Equipment Company. The acquisition is not expected to have a material impact on Douglas Dynamics’ 2017 results and terms of the deal were not disclosed.
About Dejana Truck & Utility Equipment
Based in Kings Park, NY, Dejana Truck & Utility Company (Dejana) focuses on the upfit of market leading attachments and storage solutions for commercial work vehicles under the DEJANA® brand and its related sub-brands. Dejana employs approximately 550 people at nine manufacturing and upfit facilities in five states across the North East and Mid-Atlantic regions. Current customers include leading utility, energy, telecommunications and transportation companies, as well as large municipal entities. Dejana is a subsidiary of Douglas Dynamics.
About Douglas Dynamics
Home to the most trusted brands in the industry, Douglas Dynamics is North America's premier manufacturer and upfitter of commercial Work Truck Attachments and equipment. For more than 65 years, the Company has been innovating products that not only enable people to perform their jobs more efficiently and effectively, but also enable businesses to increase profitability. Through its proprietary Douglas Dynamics Management System (DDMS), the Company is committed to continuous improvement aimed at consistently producing the highest quality products, at industry-leading levels of service and delivery that ultimately drive shareholder value. The Douglas Dynamics portfolio of products and services is separated into two segments: First, the Work Truck Attachments segment, which includes manufactured snow and ice control attachments sold under the FISHER®, HENDERSON®, SNOWEX® and WESTERN® brands. Second, the Work Truck Solutions segment, which includes the upfit of market leading attachments and storage solutions for commercial work vehicles under the DEJANA® brand and its related sub-brands.
