About Shyft Group
Shyft Group is a company based in Novi (United States) founded in 1975.. Shyft Group has completed 3 acquisitions, including F3 MFG, Independent Truck Upfitters and XL Fleet Electrification. Shyft Group offers products and services including Utilimaster Vehicles, Royal Truck Body, Blue Arc EV Solutions, DuraMag Truck Bodies, and Spartan RV Chassis. Shyft Group operates in a competitive market with competitors including CEBBCO, Marcopolo, Pilkington, LINE-X and Asahi India Glass Ltd, among others.
- Headquarter Novi, United States
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name The Shyft Group, Inc.
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Annual Revenue
$48.43 M26221as on Dec 31, 2024
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Net Profit
$-2.8 M-143as on Dec 31, 2024
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EBITDA
$4.11 M-39as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
F3 MFG
& 2 more
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Products & Services of Shyft Group
Shyft Group offers a comprehensive portfolio of products and services, including Utilimaster Vehicles, Royal Truck Body, Blue Arc EV Solutions, DuraMag Truck Bodies, and Spartan RV Chassis. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Custom upfits for delivery and specialty services
Durable truck bodies for vocational use
Sustainable electric vehicle designs for commercial needs
Aluminum bodies for contractors and maintenance
Chassis for luxury motorhome manufacturing
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Funding Insights of Shyft Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Shyft Group
Shyft Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include F3 MFG, Independent Truck Upfitters and XL Fleet Electrification. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Automotive truck bodies are manufactured in Waterville, United States.
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2010 | ||||
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Cloud-enabled fleet electrification systems are provided for commercial vehicles.
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2009 | ||||
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Commercial vehicles are upfitted and customized for various industries.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Shyft Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shyft Group Comparisons
Competitors of Shyft Group
Shyft Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CEBBCO, Marcopolo, Pilkington, LINE-X and Asahi India Glass Ltd, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for manufacturing bodies for transport vehicles and railway coaches
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| domain | founded_year | HQ Location |
Manufactures and supplies bus body components to OEMs and aftermarket.
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| domain | founded_year | HQ Location |
Glass is manufactured and supplied for automotive and construction sectors.
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| domain | founded_year | HQ Location |
Durable protective coatings and bedliners are manufactured for vehicle protection.
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| domain | founded_year | HQ Location |
Various glass types are manufactured for automotive and architectural uses.
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| domain | founded_year | HQ Location |
Body and frame parts for vehicles are manufactured and supplied.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shyft Group
Frequently Asked Questions about Shyft Group
When was Shyft Group founded?
Shyft Group was founded in 1975.
Where is Shyft Group located?
Shyft Group is headquartered in Novi, United States. It is registered at Novi, Michigan, United States.
What is the annual revenue of Shyft Group?
Annual revenue of Shyft Group is $48.43M as on Dec 31, 2024.
What does Shyft Group do?
Shyft Group was established in 1975 and is based in Novi, United States. Operations center on the production of truck bodies and related components within the automotive manufacturing sector. Custom solutions are provided for fleet operators, including upfitting services for delivery and service vehicles. Focus is maintained on North American markets, with assembly processes conducted in multiple facilities across the region.
Who are the top competitors of Shyft Group?
Shyft Group's top competitors include Asahi India Glass Ltd, TATA International DLT and CEBBCO.
What products or services does Shyft Group offer?
Shyft Group offers Utilimaster Vehicles, Royal Truck Body, Blue Arc EV Solutions, DuraMag Truck Bodies, and Spartan RV Chassis.
How many acquisitions has Shyft Group made?
Shyft Group has made 3 acquisitions, including F3 MFG, Independent Truck Upfitters, and XL Fleet Electrification.
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