Workhorse Cabs, LLC
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Workhorse Cabs, LLC - overview
Established
2019
Location
-, MN, US
Primary Industry
Industrial Machinery
About
Workhorse Cabs, LLC specializes in designing and manufacturing engineered cabs for off-highway vehicles, focusing on safety and operator comfort across various industrial applications. Founded in 2019 and headquartered in Rochester, US, Workhorse Cabs, LLC designs and manufactures operator cabs for off-highway vehicles. The company pivoted its focus exclusively on engineered cabs after the acquisition of its Emcor Enclosures Division by JLL Partners in October 2021. CEO John Lenga has been instrumental in steering the company’s strategic direction.
Workhorse Cabs, LLC specializes in designing and manufacturing off-highway vehicle operator cabs, emphasizing technologically advanced solutions for various industries. Their flagship product, the COBALT MODERN CAB, is engineered for safety and productivity, addressing specific challenges like visibility and noise reduction for operators of heavy machinery. The company serves a diverse client base including manufacturers in construction, agriculture, and mining, primarily distributing their products in North America with select international markets. Workhorse Cabs, LLC operates a business-to-business (B2B) model, generating revenue through direct sales agreements with equipment manufacturers and industrial clients.
Their revenue structure often includes tiered pricing based on order volume and customization, with the COBALT MODERN CAB being a significant contributor to sales as it meets a variety of OEM specifications. The company fosters long-term relationships with clients in the heavy machinery sector through these arrangements. Looking ahead, Workhorse Cabs, LLC plans to enhance its product line with new designs aimed at improving functionality and operator comfort, although no specific release dates have been announced. The company is also targeting expansion into additional international markets to broaden its reach.
Following the acquisition of the Emcor Enclosures Division, the funding received is expected to streamline operations and focus resources on the core manufacturing of engineered cabs for OEMs.
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery, Steel & Metals
Website
www.engineeredcabs.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Workhorse Cabs, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out, Trade Sale | Completed | Crenlo do Brasil | - | ||||||||
| Secondary Buyout | Completed | Workhorse Cabs, LLC | - | ||||||||
| Buyout | Completed | Workhorse Cabs, LLC's Emcor Enclosures Division | - | ||||||||
| Merger | Completed | Crenlo Cab Products, LLC, Worthington Industries Engineered Cabs | - |
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