The Shyft Group, Inc. (NASDAQ: SHYF) announced its acquisition of Independent Truck Upfitters (ITU), a key player in work truck upfitting based in the Midwest.
This strategic move enhances Shyft’s specialty vehicle product portfolio, allowing the company to provide an expanded range of custom solutions for utility, construction, and fleet management sectors.
John Dunn, President and CEO of Shyft, expressed enthusiasm about integrating ITU’s innovative products, viewing it as a strong complement to their existing offerings. The acquisition aligns with Shyft’s growth strategy and aims to capture a larger market share of complex service body upfitting. ITU CEO
Tim Craft echoed this sentiment, highlighting the alignment of both companies’ commitment to operational excellence and customer focus.
