Worthington Industries Engineered Cabs
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Worthington Industries Engineered Cabs - overview
Location
Worthington, OH, US
Primary Industry
Industrial Machinery
About
Worthington Industries Engineered Cabs specializes in providing custom-engineered cab solutions for the construction and agricultural equipment sectors, focusing on safety, durability, and innovative design. Worthington Industries Engineered Cabs provides specialized engineered cab solutions for the construction and agricultural equipment sectors. The company is headquartered in Worthington, US, and was recently involved in a merger with Crenlo Cab Products, LLC to form Workhorse Cabs, LLC in November 2019, aiming to enhance manufacturing capabilities and expand market reach. Andy Rose serves as the CEO of the company, guiding its strategic vision and operations.
Worthington Industries Engineered Cabs specializes in delivering innovative cab solutions primarily for the commercial construction and agricultural machinery markets. Their core offerings include custom-engineered cabs designed to enhance safety and functionality. Their solutions cater to the specific needs of contractors and manufacturers, ensuring robust design and compliance with industry safety standards. The company markets its products across North America and Europe, leveraging industry insights to effectively meet the needs of various end users.
Worthington Industries Engineered Cabs generates revenue through a B2B model, focusing on direct sales to equipment manufacturers and contractors. Their flagship products, including advanced cab systems, play a significant role in their revenue generation. Clients typically engage in bulk transactional agreements, allowing for competitive pricing structures while ensuring a steady supply of products across their target markets. The company is focused on expanding its product portfolio and geographic reach, particularly targeting new markets in North America and Europe by leveraging recent funding.
Following the merger in November 2019, Worthington Industries Engineered Cabs aims to increase its manufacturing scale and capabilities, which will support the launch of new product lines designed for diverse applications in construction and agriculture.
Current Investors
Workhorse Cabs, LLC
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.worthingtonindustries.com/products/engineered-cabs
Verticals
Manufacturing
Company Stage
Merged
Total Amount Raised
Subscriber access only
Worthington Industries Engineered Cabs - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Workhorse Cabs, LLC | - | ||||||||
| Merger | Completed | Crenlo Cab Products, LLC, Worthington Industries Engineered Cabs | - | ||||||||
| Buyout | Completed | Worthington Industries Engineered Cabs | - |
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