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Strobes-R-Us Acquisition

“Strobes-R-Us provides value-added, upfit services to its customers and boasts the capabilities to customize solutions for practically any vehicle, including special-purpose custom vehicles. We are thrilled to welcome Strobes-R-Us’ experienced team members to the family.”

DARYL ADAMS, PRESIDENT & CEO, THE SHYFT GROUP

Spartan Motors Acquires Strobes-R-Us

On December 17th, Spartan Motors announced that it has acquired Strobes-R-Us, a Florida-based, premier provider of upfit services for government and commercial fleet vehicles. Strobes-R-Us installs and distributes upfit kits and lighting equipment, including light bars, interior accessories, communication radios, MDT computer docks, and exterior accessories for a diverse range of local, state, and federal law enforcement agencies, first responders and service vehicles, towing companies, construction companies, utilities, and telecom providers.

This acquisition represents an exciting strategic development for The Shyft Group, providing an opportunity to increase our product offerings to both fleet upfit customers, while further expanding into the Southeastern U.S. market.

STROBES-R-US ACQUISITION FAQ's

What does the Strobes-R-Us acquisition mean for Spartan, Utilimaster, and Strobes-R-Us, respectively?

  • Strobes-R-Us installs and distributes upfit kits and lighting equipment for a diverse range of local, state, and federal law enforcement agencies, municipal service vehicles, towing companies, construction companies, utility companies, and telecom providers.
  • Today, Spartan engineers and manufactures truck bodies, walk-in vans, highly customized global fleets, and vocation-specific upfits under the Utilimaster and Spartan Upfit Services go-to-market brands.
  • The combined company will be able to access each company’s resources and relationships to enhance offerings across industries and customers.
  • Strobes-R-Us brings industry-leading product to upfit, enhancing Spartan’s addressable market for the Spartan Fleet Vehicles & Services (FVS) business unit.
  • Strobes-R-Us brings a deep portfolio of customizable work, productivity, and storage options that can be cross pollinated to Spartan’s existing FVS product offerings.
  • In addition to product and process, Spartan will also acquire Strobes-R-Us’ state-of-the-art, upfit facility and product showroom.
  • Strobes-R-Us will join the Spartan Motors company under its Fleet Vehicles and Services (FVS) business unit, which is a leader in the fleet, commercial vehicle, specialty service, and vocation-specific upfit markets.

Where is Strobes-R-Us based, and will their existing location/locations remain open?

  • Strobes-R-Us is based in Pompano Beach, Florida. All locations for the combined company will remain open and will begin selling the full, combined product portfolio.

What does Strobes-R-Us’ workforce consist of?

  • Strobes-R-Us’ workforce includes a talented management team, experienced engineers, and a dedicated, highly skilled workforce.
  • They are well-known for high-quality installations, outstanding customer service, and fast turnaround times.

The integration in review:

  • The Strobes-R-Us team will continue to operate in the Southeast and will benefit from the additional resources that Spartan Motors can offer.
  • Spartan fleet and emergency response customers will benefit from the expanded upfit product line Strobes-R-Us provides.
  • The combined Company will share common resources and leverage best practices to enhance productivity.

ACQUISITION RESOURCES

Press Release

SAFE HARBOR STATEMENT

FORWARD-LOOKING STATEMENTS

This fact sheet contains several forward-looking statements that are not historical facts, including statements concerning our business, strategic position, financial projections, financial strength, future plans, objectives, and the performance of our products and operations. These statements can be identified by words such as “believe,” “expect,” “intend,” “potential,” “future,” “may,” “will,” “should,” and similar expressions regarding future expectations. These forward-looking statements involve various known and unknown risks, uncertainties, and assumptions that are difficult to predict with regard to timing, extent, and likelihood. Therefore, actual performance and results may materially differ from what may be expressed or forecasted in such forward-looking statements. Factors that could contribute to these differences include operational and other complications that may arise affecting the implementation of our plans and business objectives; continued pressures caused by economic conditions and the pace and extent of the economic recovery; challenges that may arise in connection with the integration of new businesses or assets we acquire or the disposition of assets; restructuring of our operations, and/or our expansion into new geographic markets; issues unique to government contracting, such as competitive bidding processes, qualification requirements, and delays or changes in funding; disruptions within our dealer network; changes in our relationships with major customers, suppliers, or other business partners, including Isuzu; changes in the demand or supply of products within our markets or raw materials needed to manufacture those products; and changes in laws and regulations affecting our business. Other factors that could affect outcomes are set forth in our Annual Report on Form 10-K and other filings we make with the Securities and Exchange Commission (SEC), which are available at www.sec.gov or our website. All forward-looking statements in this release are qualified by this paragraph. Investors should not place undue reliance on forward-looking statements in this release, whether as a result of new information, future events, or otherwise.