The Shyft Group, Inc. (SHYF)

Manufacturer of specialty vehicles and upfit services for commercial and retail markets.

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The Shyft Group, Inc., headquartered in Novi, Michigan, is a prominent manufacturer and assembler of specialty vehicles catering to both commercial and recreational vehicle markets across the globe. The company operates through two main segments: Fleet Vehicles and Services, and Specialty Vehicles.

Under the Fleet Vehicles and Services segment, The Shyft Group specializes in the manufacturing and sale of commercial vehicles essential for e-commerce, last mile delivery, beverage and grocery transport, laundry services, mobile retail, and trades and construction industries. Renowned brands such as Aeromaster, Velocity, Trademaster, and Utilivan represent its diverse lineup, which includes walk-in vans, cutaway vans, and truck bodies. The segment also offers vocation-specific equipment upfit services through Utilimaster Upfit Services and Strobes-R-Us, alongside comprehensive aftermarket support.

In the Specialty Vehicles segment, the company excels in engineering luxury class A diesel motorhome chassis and assembling truck bodies under brands like Royal Truck Body and DuraMag. Moreover, it provides final assembly services for leading chassis brands such as Isuzu N-gas and F-series under the Builtmore Contract Manufacturing banner. Additionally, The Shyft Group designs and installs custom lighting and upfit solutions tailored to various specialty industries, complemented by truck accessories offered under the Magnum brand.

Catering to a broad customer base including commercial users, OEMs, dealers, municipalities, and government entities, The Shyft Group, Inc. leverages decades of industry expertise since its incorporation in 1975. Formerly known as Spartan Motors, Inc., the company rebranded as The Shyft Group, Inc. in June 2020, reaffirming its commitment to innovation and service excellence in the dynamic landscape of specialty vehicle manufacturing.

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