Deal Details
Douglas Dynamics Completes $29.4 Million Secondary Offering
Summary
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.
Baird served as the sole book-running manager in this offering.
About
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.CONTACT US TO LEARN MORE
- Date
- December 2011
- Company
- Douglas Dynamics, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Industrial
- Verticals
-
Machinery & Equipment
- Target Geography
- North America
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