Alantra advises Aebi Schmidt on the acquisition of Monroe Truck Equipment

Nov 2021

Buy-side advisory & Debt advisory

Zurich – Alantra, the global investment banking and asset management specialist, is pleased to announce that it has advised Aebi Schmidt Group (“Aebi Schmidt” or “the Group”), a global leader in infrastructure and terrain maintenance solutions, on the acquisition of Monroe Truck Equipment (“Monroe”), a US-based industry-leading truck and trailer equipment platform with around $270 million in annual revenues.

Aebi Schmidt is a global leader of intelligent solutions for the treatment of mission-critical infrastructure areas and demanding terrain. The group’s products include its own vehicles as well as innovative attachable and demountable devices for individual vehicle equipment. The globally active Group is based in Switzerland and employs roughly 2,000 employees across 12 plants and 17 local sales and service organizations in Europe, North America, Russia and China. In addition, Aebi Schmidt is further represented in 90 countries through established dealer partnerships.

Founded in 1958, Monroe is an industry-leading manufacturer, upfitter and distributor of truck and trailer equipment for the municipal and commercial markets, including a strong snow and ice business. Building on 60 years of industry experience, Monroe offers unrivaled custom engineering, product customization and all-around support for every truck equipment need.

With combined revenues of around €750 million, the acquisition of Monroe creates a strong platform for the future growth of Aebi Schmidt. The acquisition will significantly strengthen Aebi Schmidt’s market position in the US and globally, improving the geographical diversification of the Group’s earnings. In addition to complimentary business activities, Aebi Schmidt will benefit from Monroe’s state-of-the-art upfitting centers and nationwide distribution network, which provide unparalleled access to services, solutions and cross-selling opportunities with new and existing customers in the US. In turn, Monroe will benefit from Aebi Schmidt’s global capabilities and will be able to integrate resources such as its European winter road maintenance and sweeping technology into its operations.

Alantra acted as M&A buy-side and debt advisor to Aebi Schmidt, deploying an integrated Swiss and US team to deliver Alantra’s full capabilities for the best outcome. This transaction marks another milestone in Alantra’s relationship with Aebi Schmidt, having acted as financial advisor to Aebi Schmidt on the acquisition of M-B Companies in 2018 and other previous transactions.

Christian Barrot, Partner at Alantra, commented: “We are delighted to support our long-standing client Aebi Schmidt on its further expansion in the United States. This transaction is a testament to Alantra’s capabilities in supporting European corporates with their cross-Atlantic growth endeavors through leverage of the Firm’s deep sector knowledge and cross-office collaboration.”