Charles McManamey's sons James and Donald also worked for Spartan Motors, as well as several other part-time workers. Those brands will continue to serve customers under their existing brand names. It designs, manufacturers, and assembles purpose-built delivery and other vocational trucks. [16], Road Rescue is a manufacturer of ambulances. From connections made through the hearing, McManamey was able to draw together the additional talent and knowledge required to build such trucks. Barbados, March 12, 2021 — Shyft Network is excited to announce its Initial DEX Offering (IDO) on Polkastarter, which will take place on March 26th, 2021. It manufactures van bodies and accessories. [5] It is currently headquartered in Novi, Michigan[1] and has 3,000 employees.[3]. Choosing the right vehicle can drastically improve your bottom line. In June 2020, Spartan Motors, Inc. announced its corporate name change to The Shyft Group, Inc. following the divestiture of its Emergency Response (ER) business unit. [12], On October 1, 2020, Shyft acquired F3 MFG, an aluminum truck body and accessory manufacturer behind the DuraMag Body and Magnum Truck Rack brands. Diamond Reo had been the largest customer of the Form-Rite Corporation in Charlotte, Michigan, and Form-Rite was owed a considerable amount of money for plastic parts they had supplied to Reo. Waterville manufacturing company to helping to build electric utility vehicles DuraMag was acquired by the Shyft Group and is a fleet vehicle and truck body manufacturer and builder. In March 1976, Spartan Motors employed 12 former Reo employees,[6] including Reo's ex-quality control manager Theodore C. Huff, former staff engineer-chassis at Reo Lawrence E. Karkau, and Gerald L. Geary who had been assistant manager of truck design at Reo. Discerning motorhome owners insist on a Spartan. This website uses cookies to ensure you get the best experience on our website. The Shyft Group brand signals a fresh new chapter for our organization, one of forward momentum, purposeful innovation, and responsive customer service through our unparalleled roster of commercial, retail, and service specialty vehicle and upfit brands, including Utilimaster, Royal Truck Body, DuraMag, Strobes-R-Us, Spartan RV Chassis, and Builtmore Contract Manufacturing. [13], Spartan Emergency Response Vehicles (Spartan ERV) is a manufacturer of custom fire engines. [6] By January 1, 1976, the chassis was completed. [6] Ron Partee, former Reo manager of original equipment manufacturing, stepped in as the vice president of sales. The Shyft Group (Nasdaq: SHYF), formerly known as Spartan Motors, is an American automobile design company that designs, engineers and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), government services, and delivery and service markets. LANSING, Mich. (WILX) - The Shyft Group is hosting a hiring event on March 20, 2021, from 10 a.m. – 2 p.m. The jobs include production assemblers, painters, team leads and more. https://www.msn.com/en-us/video/other/shyft-group-32321/vi-BB1eSlu1 Builtmore Contract Manufacturing offers highly skilled manufacturing, assembly, and quality assurance for OEMs across industries. In 1974, Lansing, Michigan-based Diamond Reo Trucks was forced into bankruptcy. Stephen O’Hara Senior Research Analyst, Industrial Growth. The fund owned 43,234 shares of … The Shyft Group (f/k/a Spartan Motors) is the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. [7], In October 2020, Shyft Group acquired the aluminum truck-body manufacturer F3 MFG Inc. based in Waterville, Maine, with its brands DuraMag and Magnum.[8]. Driven to Deliver. He is an active leader in Northeast Wisconsin, serving on the Transportation & Logistics Task Force of the Greater Green Bay Chamber. Within weeks it had been sold to FMC in Tipton, Indiana[5] and Spartan had 16 custom fire truck cab & chassis orders as well as an order for a one-of-a-kind 140,000 pound GVW coal carrier.[6]. It was sold in 2010 to Allied Specialty Vehicles.[17]. DuraMag offers building contractors, landscapers, movers, and other service maintenance customers high-strength, all-aluminum commercial truck and van body solutions to help them get their jobs done effectively and efficiently. After several years of supplying chassis for fire trucks, Spartan acquired fire apparatus body manufacturers Luverne and Quality Manufacturing in the mid-1990s. Phone: 253-627-2292 For the Shyft Group, it was historic and transformational. [10], General Truck Body was acquired in June 2019 and merged with Utilimaster. [14] In January 2017, Spartan ERV acquired fire apparatus manufacturer Smeal Fire Apparatus, including its subsidiaries Smeal, Ladder Tower Company, and US Tanker. Spartan RV Chassis engineers, designs, manufactures, sells, and services the industry’s premier Class A diesel RV chassis for OEMs such as Entegra Coach, Newmar, Foretravel, and Jayco. The Shyft Group (Nasdaq: SHYF), formerly known as Spartan Motors, is an American automobile design company that designs, engineers and manufactures specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), government services, and delivery and service markets. Based on an average trading volume of 213,000 shares, the days-to-cover … Carpenter Industries was a manufacturer of school buses, transit buses, and step vans. Luverne used its early expertise in the automotive and heavy truck industries to begin building fire apparatus in 1912. The company quickly outgrew the Form-Rite warehouse, and within a few years construction was started for a new facility on Reynolds Road in Charlotte. [6] Former Reo vice president of engineering and marketing George W. Sztykiel became Spartan's president. The Shyft Group expects full-year earnings in the range of $1.65 to $1.85 per share, with revenue in the range of $850 million to $900 million. The F3 MFG name was phased out and the DuraMag and Magnum brands were nested under the Shyft Specialty Vehicles business unit. Charles McManamey was named Spartan Motors’ chairman of the board. Our trucks work as hard as you do, come with more standard features than any in the industry, and will hold up to the rigors of the job site. It manufactures and assembles refrigerated and non-refrigerated truck bodies. 2021 © Copyright The Shyft Group, Inc. All Rights Reserved. Frank Zukas, president of the Schuylkill Economic Development Corporation, said they have been working with Shyft Group and its consultants for “about six months.” “We showed them a number of buildings in Schuylkill County,” he said. [15] On February 3, 2020, Spartan Motors sold Spartan ERV division to the REV Group, including Spartan Custom Cabs, Smeal Fire Apparatus, Ladder Tower Company, and US Tanker. It began trading on NASDAQ under the symbol "SHYF". The company started in 1975 as a direct result of the bankruptcy of Diamond Reo. The McManameys sold their stock in the company and in 1984 Spartan went public, trading on NASDAQ under the symbol “SPAR”. The Shyft Group is a specialty vehicle manufactuerer. Carpenter was founded in 1919; Spartan purchased it in 1998, but closed it down in 2001. Utilimaster was acquired in November 2009. The Shyft Group brand signals a fresh new chapter for our organization, one of forward momentum, purposeful innovation, and responsive customer service through our unparalleled roster of commercial, retail, and service specialty vehicle and upfit brands, including Utilimaster, Royal Truck Body, DuraMag, Strobes-R-Us, Spartan RV Chassis, and Builtmore Contract Manufacturing. Juris Pagrabs - Group Treasurer and Director of Investor Relations. Spartan’s Class A luxury motor coach chassis underpin the smoothest riding, easiest driving, and safest adventures available, for some of the industry’s most prestigious RV manufacturer brands. Strobes-R-Us is the Southeast’s preeminent law enforcement, emergency response, federal, state, and local municipal; and specialty service upfitter because of their deep industry experience, meticulous attention to detail, and expedient accredited service. [6] Kenneth C. McManamey, former Form-Rite production engineer and supervisor served as Spartan's manager of operations. Rourke serves on the board of directors for The Shyft Group, United States Chamber of Commerce, and the Trucking Alliance. For over 30 years, Magnum has provided quality and curb appeal for truck enthusiasts, offering headache racks, bed rails, and other truck accessories. [6] Spartan's vice president of engineering was former Reo director of engineering John Knox. The following slide deck was published by The Shyft Group, Inc. in conjunction with this event. It is a distributor and installer of specialty vehicle upfits and lighting equipment. A laser-focus on the dynamic and growing specialty vehicle industry. As we strategically align our product portfolio toward more profitable growth markets. Approximately 1.7% of the shares of the stock are sold short. Quality got its start six decades later, catering to the Southern firefighting market. The Shyft Group, Inc. (NASDAQ:SHYF) Q2 2020 Earnings Conference Call August 6, 2020 10:00 AM ET Company Participants. With an abundance of experience, capacity, and Midwestern work ethic, Builtmore is the first choice for companies in search of manufacturing partner who can deliver. Their commitment to after-sale customer support and service spans from factory service centers, to dealer authorized service centers, Spartan RV Owners Training, and aftermarket and service parts. Our name represents an important pivot. As of March 15th, there was short interest totalling 554,500 shares, a decrease of 23.4% from the February 28th total of 724,200 shares. See why. Tacoma & Fife Trailer Repair. The hiring events will … Daryl Adams - President and CEO - The Shyft Group | LinkedIn The company started in 1975 as a direct result of the bankruptcy of Diamond Reo. Today, we offer a wide range of custom vehicle solutions and vocation-specific upfits for every delivery and specialty service category, across GVWR Classes 1-7. Let us strategize with you to find the most productive solution for your business. sidoti.com 1212 Avenue of the Americas, 15th Floor, New York, NY 10036 212.894.3329 sohara@sidoti.com Find the latest dividend history for The Shyft Group, Inc. Common Stock (SHYF) at Nasdaq.com. [9], Strobes-R-Us was acquired in December 17, 2018. After all, you’re only as good as your reputation. The Shyft Group | 7,832 followers on LinkedIn. [14] In 2012, Spartan Motors rebranded Crimson Fire as Spartan ERV, a joint venture with Gimaex. Rhumbline Advisers lifted its holdings in The Shyft Group, Inc. (NASDAQ:SHYF) by 5.4% in the 4th quarter, HoldingsChannel.com reports. [11], Royal Truck Body was acquired on September 20, 2019. Royal Truck Body engineers and builds high quality, durable service bodies for any vocation. Since 1973, Utilimaster has made pallet-to-porch operations more efficient. Zukas would not provide locations. Starting with the sale of our ER business. Utilimaster is a top-tier go-to-market brand of The Shyft Group (NASDAQ: SHYF), North America's leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Shyft Network, the blockchain-based identity verification platform that enables compliant DeFi for institutions, has completed its latest sale round with major industry participants including Spartan Group, Coinfund and GSR. It is currently headquartered in Novi, Michigan and has 3,000 employees. In 2003, Luverne and Quality were consolidated under the names Crimson Fire and Crimson Fire Aerials. [6], Sztykiel, Partee, Knox, and Ken McManamey all donated their time to build the first chassis on speculation. [6] in Charlotte. During the establishment of Spartan Motors, Inc., then a wholly owned subsidiary of Form-Rite, manufacturing was set up in Form-Rite's 12,000 square foot warehouse at 426 Sumpter Rd. In 2011, Classic Fire of Ocala, Florida was acquired and became a new Crimson Fire manufacturing facility for fire trucks. The Shyft Group will serve as the corporate parent company to the organization’s go-to-market brands, Utilimaster, Royal Truck Body, Strobes-R-Us, Spartan RV Chassis and Builtmore Contract Manufacturing (formerly Spartan’s contract manufacturing business). During the bankruptcy hearings, Form-Rite president Charles R. McManamey learned of a significant contract that Reo had just won for custom fire truck chassis. Learn how and when to remove this template message, Charlotte Republican-Tribune March 18, 1976, "Spartan Motors Announces New Corporate Name, The Shyft Group", "Shyft Group Acquires Aluminum Truck Body Manufacturer", "Spartan Motors Announces Agreement to Acquire Utilimaster Corporation", "Spartan Motors Purchases Assets Of California-Based General Truck Body", "Spartan Motors Acquires Royal Truck Body", "The Shyft Group Acquires Northeast Aluminum Truck Body Manufacturer F3 MFG, Inc", "Spartan Motors to Acquire Fire Apparatus Maker Smeal", "Spartan Motors Announces Business Transformation to Focus on its Delivery and Specialty Vehicle Segments, Divests Emergency Response Business Unit", https://en.wikipedia.org/w/index.php?title=The_Shyft_Group&oldid=1013361990, Vehicle manufacturing companies established in 1975, Auto parts suppliers of the United States, Motor vehicle manufacturers based in Michigan, Articles needing additional references from December 2009, All articles needing additional references, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, This page was last edited on 21 March 2021, at 06:00. 2022 Milwaukee Way Tacoma, WA 98421. 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