Mickey Truck Bodies, a fourth-generation family company in High Point that produces aluminum truck bodies and ambulances, has brought in an unnamed “institutional investor” to help it grow, CEO Matt Sink says.
“We are continuing to grow,” he says. “That’s why we made the change. We want to continue to pursue all the growth opportunities out there in the marketplace.” Sink declined to offer details about the investment, including the name of the company, amount of investment or the stake the investor now owns.
“The family still maintains an ownership position in the company,” says Sink, who will remain president and CEO. He described the family’s ownership stake as “substantial,” but would not say if it was a majority position.
Sink’s great-grandfather, William Franklin Mickey started the company in 1904. Matt Sink is his great-grandson, and has been with the company for 20 years. He became CEO in 2019, succeeding Dean Sink.
The elder Sink, who had been executive chairman, will continue in an advisory role. Matt Sink’s uncle, Carl Mickey Jr., who had been chairman, is retiring.
Mickey Truck Bodies employs about 500 workers, about 80% of whom work in North Carolina. The company manufactures “side roller” aluminum truck bodies for businesses that transport everything from beer to propane. It sells its “van body” truck bodies to rental companies and ambulance makers. Mickey sells truck bodies across the U.S. and several international markets, Sink says.
In addition to its High Point manufacturing site, Mickey Truck Bodies operates four fleet service centers, one in nearby Thomasville, and three others in New Jersey, Illinois and Florida.
He says the capital investment will help the company grow and pursue some opportunities, although he declined to be specific about plans.
“For our customers and employees, it will be business as usual,” Sink says. He says employees were told of the change at a recent “State of the Company” meeting.
Sink credits the company’s longevity to always being “goal-oriented and result-focused.” He says those two things start with ensuring the company hires the right people and then treats them well. For customers, it means “do what you say you’re going to do.”