Initial Public Offering

Industrial
Initial Public Offering

Summary

Baird served as a co-manager on this offering

About

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:

Steve Booth (414) 298-7661
Greg Ingram (415) 627-3279
David Wierman (404) 264-2211
Joe Packee (414) 298-7644
Industrial
Initial Public Offering
Date
May 2010
Company
Douglas Dynamics, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America

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