Angus Industries, Inc. is one of the largest manufacturers of operator stations and rollover protective structures (e.g. cabs) for mobile equipment in the United States. The Company designs and manufactures cabs for the construction, agricultural, mining, forestry, and material handling equipment industries, among others. The Company is headquartered in Watertown, South Dakota, with additional manufacturing facilities in Greeneville, Tennessee, Northwood, Iowa and Florence, South Carolina.

Merit provided subordinated debt in support of the recapitalization of the ESOP.