Douglas Dynamics files for IPO

Douglas Dynamics Inc., a Milwaukee-based firm that manufactures and sells snowplows and ice removal equipment under the Western Snowplow, Blizzard and Fisher brands, filed documents for in initial public offering with the Securities and Exchange Commission on Friday.

According to the SEC documents, Douglas Dynamics anticipates raising as much as $150 million in the offering. There is no indication on the number of shares, share price or timing of the offering in the filing.

With its three brands, Douglas Dynamics controls roughly 50 percent of the light truck snow and ice removal market, the SEC filing states. In the first nine months of 2009, Douglas Dynamics had roughly $125 million in revenues, $28 million in EBITDA and $2.7 million in net income.

To read an earlier Made in Milwaukee profile of Douglas Dynamics, click here.

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