CHICAGO--(BUSINESS WIRE)--

D.A. Davidson announced today that it served as financial advisor to Douglas Dynamics, Inc. (“Douglas Dynamics”) on its purchase of Venco Venturo Industries LLC (“Venco Venturo”). Douglas Dynamics is North America’s premier manufacturer and upfitter of work truck attachments and equipment. Venco Ventro is a highly-regarded provider of truck-mounted cranes and dump hoists.

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Over its 70+ year history, Venco Venturo has provided a full line of electric light-duty cranes, electric-hydraulic cranes, hydraulic cranes, and conversion / dump hoists for work truck customers across the United States.

“Venco is a great business,” stated Eric Stetler, Managing Director and Head of Diversified Industrials and M&A at D.A. Davidson, “We appreciated the opportunity to work with Douglas throughout the process and share our industry insights as they evaluated this opportunity. We are excited to see how Venco will further supplement Douglas’s market-leading Work Truck Attachments segment.”

Mark Van Genderen, President and CEO of Douglas Dynamics, noted, “This acquisition represents a meaningful first step in the execution of our Activate strategic pillar, which is focused on acquiring complex attachments to grow and balance our portfolio. The Davidson team helped us analyze this opportunity, leveraging their strong sector expertise in work truck and attachments.”

The transaction represents the ongoing success of D.A. Davidson’s Machinery & Equipment practice and highlights the continued momentum in D.A. Davidson’s Diversified Industrials Investment Banking Group.

D.A. Davidson’s Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions and technology.

About D.A. Davidson

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 30 states.

Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment advisor providing fixed income portfolio and advisory services.

For more information, visit dadavidson.com.

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Source: D.A. Davidson