NEW YORK (Standard&Poor's) June 1, 2004—The announcement by Oshkosh Truck Corp. (BBB-/Positive/--) that it will acquire Jerr-Dan Corp. from unrated Littlejohn&Co. for $80 million has no immediate impact on Standard&Poor's Ratings Services ratings or outlook on the Oshkosh, Wis.-based specialty truck manufacturer. Jerr-Dan, with sales of more than $100 million, is a leading manufacturer of towing and recovery equipment, with wide product breadth and a distribution network of approximately 15 regional dealers throughout North America. The transaction is initially viewed as adding to Oshkosh's product mix without meaningfully affecting its business risk; particularly given the company's historical ability to integrate other specialty truck manufacturers. Although the acquisition will likely be funded with debt, the
