Here's the Deal
 

Baird's Investment Banking Group is pleased to announce the following transaction:

May 2010


Douglas Dynamics, Inc.
Initial Public Offering
$129.4 Million


Baird served as a co-manager on this offering


Douglas Dynamics, Inc. (“Douglas Dynamics” or “the Company”) (NYSE: PLOW) recently completed an initial public offering of 11,500,000 shares of common stock at a price of $11.25 per share. The $129.4 million offering consisted of 6,500,000 shares sold by the Company and 5,000,000 shares sold by selling shareholders. Net proceeds of approximately $64.2 million received by Douglas Dynamics, an increase in the Company’s term loan facility of $40 million and existing cash will be used to redeem outstanding 7 ¾ Senior Notes and pay expenses related to the offering.

Douglas Dynamics is the North American leader in the design, manufacture and sale of snow and ice control equipment for light trucks, which consists of snowplows and sand and salt spreaders, and related parts and accessories. The Company sells its products under the WESTERN®, FISHER® and BLIZZARD® brands to over 720 truck equipment distributors located throughout the snowbelt regions in North America, primarily in the Midwest, East and Northeast regions of the United States as well as all provinces of Canada.

The Baird team included our dedicated industry bankers and members of our Financial Sponsor and Equity Capital Markets group.

For additional information about this transaction, please contact:
Director of Investment Banking
(414) 298-7661
Managing Director
(415) 627-3279
Managing Director
(404) 264-2211
Director
(414) 298-7644

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