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New Deal


Announced

Spartan Motors completed the acquisition of Royal Truck Body.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Auto Parts

Private

United States

Acquisition

service truck bodies

Single Bidder

Majority

Completed

Synopsis

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Spartan Motors, the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries, completed the acquisition of Royal Truck Body, a leading, California-based designer, manufacturer, and installer of service truck bodies and accessories. Financial terms were not disclosed. "This is an exciting day for Spartan. Our acquisition of Royal Truck Body marks the continued execution of our strategic plan and delivers on the promise of nationwide expansion to the benefit of our customers, suppliers, team members, and our shareholders." Daryl Adams, Spartan Motors President, and Chief Executive Officer.

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