Deal Details
Supreme Is Acquired by Wabash
Summary
Supreme Industries, Inc. (“Supreme”) (NYSE MKT: STS) has been acquired by Wabash National Corporation (“Wabash”) (NYSE: WNC). Under the terms of the transaction, Wabash, through a wholly owned subsidiary, acquired all of the outstanding common shares of Supreme for $21.00 per share in cash, or approximately $360 million.
Baird served as the exclusive financial advisor to Supreme Industries, Inc. on this transaction.
About
Supreme is a leading manufacturer of specialized commercial vehicles including truck bodies and specialty vehicles and has operations nationwide at seven manufacturing and component locations. Customers include national rental fleets, national and regional leasing companies, truck dealers and fleet operators. Supreme is headquartered in Goshen, Indiana.Wabash is a diversified industrial manufacturer and North America’s leading producer of semi-trailers and liquid transportation systems. Established in 1985, Wabash manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, bulk tank trailers, dry and refrigerated truck bodies, truck-mounted tanks, intermodal equipment, aircraft refueling equipment, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade and pharmaceutical equipment. Its innovative products are sold under the following brand names: Wabash National®, Beall®, Benson®, Brenner® Tank, Bulk Tank International, DuraPlate®, Extract Technology®, Garsite, Progress Tank, Transcraft®, Walker Engineered Products, and Walker Transport. Wabash is headquartered in Lafayette, Indiana.
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- Date
- September 2017
- Company
- Supreme Industries, Inc.
- Transaction
- M&A - Sellside
- Sectors
- Industrial
- Verticals
-
Machinery & Equipment
- Target Geography
- North America
- Acquiror Geography
- North America
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