Douglas Dynamics purchases Venco Venturo Industries' assets
Acquisition Details: Douglas Dynamics has acquired substantially all assets of Venco Venturo Industries, a company specializing in truck-mounted service cranes and dump hoists, which has been family-owned since 1952.
Company Operations: Venco Venturo Industries, located in Sharonville, Ohio, employs 70 people and offers a range of electric and hydraulic cranes and dump hoists for work trucks across the U.S.
Financial Impact: The acquisition is anticipated to be modestly accretive to earnings per share (EPS) and free cash flow positive before synergies by 2026.
Operational Structure: Post-acquisition, Venco Venturo Industries will function as a division under the Work Truck Attachments segment, reporting to Chris Bernauer, the segment's president.
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Winter Storm's Significant Impact on GDP and Beneficiary Companies
- GDP Decline Expectation: According to Bank of America Securities economist Aditya Bhave, Winter Storm Fern is expected to reduce U.S. GDP by 0.5 to 1.5 percentage points in Q1, highlighting the storm's direct economic impact.
- Restaurant Sector Hit: With flight cancellations and restaurant closures, stocks like Darden Restaurants and Restaurant Brands International have collectively declined, indicating the adverse effects of severe weather on related businesses.
- Costco Sales Surge: Historically, Costco benefits from major storms as consumers stock up on essentials, and despite underperforming last year, this trend is expected to boost sales, with Mizuho analysts setting a price target of $1,000.
- Douglas Dynamics Optimistic Outlook: As the largest player in snow and ice removal, Douglas Dynamics anticipates additional gains from the storm, with analysts raising the price target from $37 to $48, implying about a 29% upside.

Douglas Dynamics Benefits from Northeast Snowfall, Projected 2026 EBITDA of $84M
- Northeast Snowfall Boost: According to D.A. Davidson, major cities in the Northeast saw approximately 6 inches of snow in December, slightly above the long-term average and three times last year's levels, providing strong support for Douglas Dynamics' sales of snowplows and de-icing equipment.
- Midwest Harsh Winter Impact: The Midwest experienced 12.8 inches of snowfall in December, the highest since 2013-14 and over three times last year's amount, further driving market demand for Douglas Dynamics' products.
- EBITDA Forecast Increase: Analysts project that normalized Attachments EBITDA for Douglas Dynamics could reach $84 million, significantly higher than the current estimate of $59 million for 2026, indicating substantial growth potential in the coming years.
- M&A Expansion Opportunities: The company is pursuing M&A expansions outside of Snow & Ice for the first time in over a decade, laying a solid foundation for future growth and enhancing its competitive position in the market.









