Spartan Motors to acquire fire apparatus maker Smeal
The addition of Smeal product portfolio accelerates Spartan Motors' emergency response business.
Spartan Motors, Inc., Charlotte, Mich., announced its wholly-owned subsidiary, Spartan Motors USA, Inc., entered into a definitive agreement to acquire Smeal Fire Apparatus Co., an innovator and manufacturer of fire apparatus based in Snyder, Neb., and its subsidiaries for $36.3 million. The acquisition will enable Spartan Motors to strengthen its emergency response business, gain scale and geographic reach in the industry and accelerate its emergency response business unit turnaround plan. The transaction is expected to close in January 2017.
Today, Spartan's emergency response business unit engineers and builds fire truck cabs and chassis for many of original equipment manufacturers (OEMs), including Smeal, as well as designs and manufactures complete fire apparatus.