Announced
Financials
Tags
Auto Parts
Pending
auto bodies
Majority
United States
Private
Acquisition
Friendly
Single Bidder
Private Equity
Synopsis
The Sterling Group-backed Time Manufacturing Company/Versalift, an innovator in the design of aerial lifts for an electric utility, telecommunications, infrastructure, forestry, and sign, light and traffic fleets, agreed to acquire BrandFX, which provides advanced composite service bodies, line bodies, toppers, and other fiberglass components for specialty equipment. Financial terms were not disclosed. "We are very happy to welcome BrandFX to the Versalift family. With this acquisition, we are better able to serve our customers with the most available units and to expand upon our offering of smarter-designed utility fleets. We continue to offer the promise of the safest and the most reliable equipment with the lowest true cost of ownership, and to extend that value proposition to BrandFX customers," Curt Howell, Time Manufacturing Company/Versalift CEO.
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