Douglas Dynamics, an upfitter of work truck attachments and equipment, closed the acquisition of the assets of Venco Venturo Industries, which is a provider of truck-mounted service cranes and dump hoists.
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"This acquisition represents a meaningful first step in the execution of our activate strategic pillar, which is focused on acquiring complex attachments to diversify and balance our portfolio," says Mark Van Genderen, president and CEO of Douglas Dynamics. "Led by three generations of the Collins family, the Venco Venturo team has built a tremendous reputation for its commitment to quality and reliability. When combined with Douglas Dynamics' attachment expertise and experience at scale, we believe there is significant opportunity to drive profitable growth in the years ahead."
Venco Venturo was founded in 1952 and has been owned and operated by the Collins family for more than 70 years. It provides electric light-duty cranes, electric-hydraulic cranes, hydraulic cranes and conversion/dump hoists for work trucks. It's headquartered outside of Cincinnati and employs 70 people in two facilities. The company will continue to operate as a division of Work Truck Attachments.
