Profile

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface and Jige . It is listed on the New York Stock Exchange under the stock ticker symbol, MLR. Miller Industries was founded in 1990 by William G. Miller in Ooltewah, Tennessee. He formed the company after acquiring three under-performing wrecker and towing equipment manufacturers in Holmes, Century, and Challenger. Other early brand acquisitions included Champion and Eagle. In August 1994, the company made its initial public offering and began trading on the New York Stock Exchange with a split-adjusted share price of $7. The company's IPO raised $22.4 million and, by 1996, Miller Industries was nearly free of debt.