This from Mike Summa for #TBT:
For TBT-North Palos Truck 801, a 1971 Mack CF/Pierce 1500/0/75′ Tele-Squrt.Mike Summa
Jun 7
Posted by Admin in Fire Department History, Historic fire apparatus, throwbackthursday | Comments off
This from Mike Summa for #TBT:
For TBT-North Palos Truck 801, a 1971 Mack CF/Pierce 1500/0/75′ Tele-Squrt.Mike Summa
Tags: #TBT, classic fire truck photo, Mack CF Pierce fire engine, Mike Summa, North Palos Fire Protection District history, TeleSqurt, throw back thursday, throwbackthursday
Addition of Smeal Product Portfolio and Key Operational Team Members Accelerates Spartan Motors’ Emergency Response Business Turnaround Plan; Transaction Accretive to Earnings in 2017 CHARLOTTE, Mich., Dec. 13, 2016 /PRNewswire/ — Spartan Motors, Inc. (NASDAQ: SPAR) (“Spartan” or the “Company”), a global leader in specialty chassis and vehicle design, manufacturing, and assembly, today announced its wholly-owned subsidiary, Spartan Motors USA, Inc., has entered into a definitive agreement to acquire Smeal Fire Apparatus Co. (“Smeal”), an industry-leading innovator and manufacturer of fire apparatus in North America, and its subsidiaries for $36.3 million, subject to certain net working capital adjustments, the Company’s forgiveness of certain liabilities owed by Smeal to the Company, and a subsequent tax gross-up payment, which is expected to be more than offset by tax benefits accruing to the Company. The acquisition will enable Spartan Motors to strengthen its Emergency Response business, gain scale and geographic reach in the industry, and accelerate its Emergency Response business unit turnaround plan. The transaction is expected to close in January 2017, subject to customary closing conditions.
Smeal is expected to generate 2016 revenues of approximately $100 million, which includes approximately $30 million of Spartan chassis sold to Smeal. The newly combined Spartan Emergency Response business unit will rank as one of the top-four North American fire apparatus manufacturers and will be well positioned, in an increasingly consolidating industry, to provide a robust and respected portfolio of leading products, services, and technologies. Today, Spartan’s Emergency Response business unit engineers and builds fire truck cabs and chassis for many of the industry’s leading original equipment manufacturers (OEMs), including Smeal, as well as designs and manufactures complete fire apparatus. The acquisition of Smeal is a logical next step in the longstanding relationship between the two companies, which spans more than 30 years.
“We look forward to adding Smeal’s industry-leading product portfolio and manufacturing expertise to Spartan’s, while expanding on a decades-long successful partnership,” said Daryl Adams, President and Chief Executive Officer of Spartan Motors. “We expect the acquisition to be accretive to earnings in 2017 and bring significant scale to our Emergency Response vehicle portfolio, which will help accelerate the turnaround of the Spartan Emergency Response business unit. It also expands the geographic reach of our dealers, benefits all of our customers by expanding our product offerings, and brings an additional portfolio of leading technology and expertise to the market.”
Adams continued, “We are pleased that Smeal chose Spartan Motors as their partner to carry on their brand’s legacy, as we take our supplier relationship to the next level. Spartan Motors is prepared to lead the consolidation charge in the fire apparatus market as strategic opportunities present themselves, and this acquisition represents a deliberate and strategic decision to accelerate the turnaround of Spartan’s Emergency Response business unit. Importantly, we also preserve a large, longstanding chassis customer relationship and protect the interests of their dealer channel, as we expand our dealer network across the U.S. and Canada and simultaneously accelerate our goal of becoming the leader in the fire apparatus market.”
Founded in 1955, Snyder, Neb.-based Smeal and its subsidiaries, U.S. Tanker Co. and Ladder Tower Co., are leaders and innovators in fire truck manufacturing and vehicle technology, offering a full line of aerial ladders and platforms (including Squrt®, TeleSqurt®, and Snorkel®), tractor-drawn aerials (TDAs), pumpers, stainless steel tankers and wildland urban interface vehicles (WUI). Today, Smeal operates facilities located in Snyder and Neligh, Neb.; Delavan, Wis.; and Ephrata, Pa.
“Spartan Motors is the perfect fit for Smeal, our customers, our employees, and our operational leadership team, as we combine with a proven ally and industry leader to help solidify our future and preserve the legacy of the Smeal organization,” said Rod Cerny, Smeal’s Chairman of the Board. “As part of a larger, profitable and well-capitalized public company, we will have the working capital necessary to ensure continued investment in product development and make sure the Smeal brand is able to deliver the exceptional products and service our dealers, departments, and municipality customers have come to expect.”
Acquisition Highlights:
- The acquisition is a positive and compelling strategic fit for both companies and is an important step in securing the Company’s market leadership in an increasingly consolidating industry
- The acquisition is expected to be accretive to earnings for Spartan Motors in 2017 through a combination of operating efficiency efforts and synergies
- Smeal’s (including U.S. Tanker Co. and Ladder Tower Co.) notably superior aerial ladder, platform, and TDA product portfolio enhances and complements Spartan’s and brings industry-leading product technology to an important, high-performance product subset
- The combined Company will have 47 dealers in 44 states, 10 provinces and 3 territories, giving Spartan Emergency Response the ability to serve customers in the entire U.S. and all of Canada
- Smeal is expected to add approximately $70 million in annual revenue (excludes $30 million of Spartan chassis sold to Smeal) to the Company’s Emergency Response segment, and positions Spartan Emergency Response as one of the top-four fire apparatus manufacturers in the U.S. and Canada
- Smeal is expected to generate positive EBITDA in 2016
- The transaction will be initially financed with Spartan Motors’ recently amended $100 million line of credit
“We are proud of this significant milestone for Spartan’s Emergency Response business, and welcome Smeal’s knowledgeable and respected operational management team and employees to the Spartan Motors family,” concluded Daryl Adams. “This transaction will bring together some of the best talent in the industry and provides an opportunity for all employees to pursue a broader and more diverse career path.”
For more information regarding this transaction, please visit www.spartanmotors.com/smeal.
Tags: Daryl Adams President and Chief Executive Officer of Spartan Motors, Smeal Fire Apparatus Company, Snorkel, Spartan Motors, Spartan Motors to acquire Smeal, SpartanERV, Squrt, TeleSqurt
Jun 24
Posted by bgshap in Fire Service News, Fire Truck photos, Historic fire apparatus | 8 Comments
Departments in MABAS Division 10 are featured in this next installment of The Color of Fire Trucks series.
The Clarendon Hills Fire Department runs with apparatus that is painted white over a bright yellow. They currently have a fleet of four units with these colors.
The Darien-Woodridge Fire Protection District currently runs with red and white apparatus. Their newest unit is solid red, and with this purchase they will retire one of the last of their lime-green apparatus which dominated their fleet for many years.
Romeoville had a white light-duty rescue by E-ONE. Most of these units were delivered lime green as per the DOT spec.
Many years ago, the McCook Fire Department had red apparatus, then they switched to bright yellow for several years before the fleet was changed again to red and white.
Tags: Argonne National Laboratory Fire Department, Bill Friedrich, black and yellow fire trucks, black fire truck, Clarendon Hills Fire Department, Darien-Woodridge Fire Protection District, different colors for fire trucks, EONE Hurricane, Forest View Fire Department, FTI fire engine, green fire engines, Hendrickson 1871W cab fire engine, Hinsdale Fire Department, Larry Shapiro, lime green fire trucks, MABAS Division 10, Mack CF fire engine, Mack CR TeleSqurt, McCook Fire Department, Pemfab T-932 cab, Pemfab Wedge cab, Pierce Arrow fire engine, Riverside Fire Department, Romeoville Fire Department, Seagrave fire engine, Seagrave P-Model engine, Seagrave PB model engine, slime lime fire engines, TeleSqurt, the color of fire engines, Western Springs Fire Department, Westmont Fire Department, white fire trucks, Willow Springs Fire Department, yellow fire engine
As historical galleries are added to more fire departments that are represented on the site, we are pleased to be adding images that Karl Klotz has begun to scan from his collection. There is quite a bit of work involved to scan, collate, and label the image files that come in, and Karl’s images are a welcome addition. Here are just two of the images that have been submitted for inclusion in future galleries.
Tags: East Joliet Fire Department, fire department history, Hendrickson, historic gallery, historic truck photos, Karl Klotz, Richton Park Fire Department, TeleSqurt
Dec 8
Posted by bgshap in Apparatus on-scene, Fire, Reader submission | Comments off
Dolton went to a 2-11 for a house fire yesterday at 245 140th Place. Jeff Rudolph submitted several images from the scene.
Tags: 2-11, Calumet City, Dolton, Harvey, Jeff Rudolph, Lance, Pierce, Sutphen, TeleSqurt
For the finest department portraits and composites contact Tim Olk or Larry Shapiro.
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