Shyft Group
The Shyft Group strengthens its market position with acquisition of Independent Truck Upfitters

The Shyft Group acquires Independent Truck Upfitters

Aug. 2, 2024
The ITU acquisition aligns with Shyft’s specialty vehicles infrastructure-focused growth strategy.

The Shyft Group, a provider of specialty vehicle manufacturing, assembly, and upfitting for the commercial, retail, and service specialty vehicle markets, recently acquired Independent Truck Upfitters, a service body and work truck upfitter based in the Midwest.

“We are thrilled to welcome ITU to the Shyft Group family. ITU’s unique products and capabilities are a fantastic complement to our existing portfolio, allowing us to offer even greater value to our collective customers,” said John Dunn, president and CEO of the Shyft Group. “We look forward to working with ITU’s team members, customers, and suppliers as we accelerate our growth and strengthen our market position.”

See also: The Shyft Group signs agreement with Amerit Fleet Solutions for 24/7 mobile service of Blue Arc EVs

The ITU acquisition aligns with Shyft’s specialty vehicles infrastructure-focused growth strategy. ITU serves utility, construction, and fleet management companies with custom solutions, including bodies, crane packages, liftgates, and aftermarket accessories for commercial work trucks. Specializing in larger vehicles and complex service body upfitting, ITU enables Shyft to enter new markets and capture a greater share of higher-class-sized products.

“We are excited to join the Shyft Group family,” said Tim Craft, CEO of ITU. “Shyft’s commitment to operational excellence and customer focus aligns well with ITU. We look forward to the opportunities this acquisition will bring for our customers and team members.”

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