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ASV Holdings Priced, Nasdaq: ASV

Designs and manufactures loader equipment under ASV, Terex and CAT brands.

Industry: Industrials

First Day Return: +12.1%

Industry: Industrials

We design and manufacture a broad range of high quality compact track loader and skid steer loader equipment, marketed through a distribution network in North America, Australia and New Zealand under the ASV and Terex brands. We also serve as a private label original equipment manufacturer for several manufacturers, which accounted for 34% of our sales in 2015 and 25% of our sales in 2016. Our products are used principally in the construction, agricultural and forestry industries. As a full service manufacturer, we provide pre- and post-sale dealer support, after-sale technical support and replacement parts supplied from our dedicated logistics center. We also supply a limited version of our assembled undercarriage sets that exclude the suspension to Caterpillar for three versions of Caterpillar's multi-terrain CTL machines marketed under the CAT brand under a supply contract with Caterpillar.
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ASV Holdings (ASV) Performance