Collins Associates Inc. announced that after nearly a year of negotiations with strategic outside buyers, they have completed the sale of their Venco and Venturo Manufacturing Divisions to their management team of Brett Collins, Mike Strittholt and Dave Foster. The agreement keeps control of the brands with the existing management team and preserves 100-percent of the jobs and manufacturing facilities of the existing Cincinnati location.
Collins, Foster and Strittholt formed Venco Venturo Industries LLC to execute the asset purchase from Collins Associates owners, Ron and Larry Collins. Collins Associates, Inc. (“CA”) was originally founded in 1952 by Arden "Art" Collins and grew into the largest manufacturer's representative agency in the truck body and equipment industry. Ron and Larry purchased CA and expanded into manufacturing through acquisition of the Venco and Venturo brands in 1979 and 1989 respectively. The sale by CA will enable Venco Venturo Industries LLC to continue growing and developing the brands with a specialized line of hoists and cranes from a privately held company with 3rd generation industry experience.