Deal Details
Secondary Offering
Summary
Baird served as the sole book-running manager in this offering.
About
Douglas Dynamics, Inc. (“Douglas Dynamics” or the “Company”) (NYSE: PLOW) recently completed a secondary offering of 1,996,479 shares of common stock at a price of $14.75 per share, resulting in gross proceeds of $29.4 million. All shares offered were sold by certain selling shareholders, including affiliates of Aurora Capital Group.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, sand and salt spreaders, and related parts and accessories. The Company sells its products under the WESTERN®, FISHER® and BLIZZARD® brands to over 710 truck equipment distributors located throughout the snowbelt regions in the Midwest, East and Northeast regions of the United States as well as all provinces of Canada.
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- Date
- December 2011
- Company
- Douglas Dynamics, Inc.
- Transaction
- M&A
- Sectors
- Industrial
- Target Location
- North America
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