UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

Rule 13d-1(d)

CUSIP No. 25960R 105

1.

Names of Reporting Persons
Ares Corporate Opportunities Fund, L.P.

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

x

3.

SEC Use Only

4.

Citizenship or Place of Organization
Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

6.

Shared Voting Power
2,762,394 (see Item 4)

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power
2,762,394 (see Item 4)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,762,394 (see Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
12.9% (see Item 4)

12.

Type of Reporting Person (See Instructions)
PN

CUSIP No. 25960R 105

1.

Names of Reporting Persons
ACOF Management, L.P.

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

x

3.

SEC Use Only

4.

Citizenship or Place of Organization
Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

6.

Shared Voting Power
2,762,394 (see Item 4)

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power
2,762,394 (see Item 4)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,762,394 (see Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
12.9% (see Item 4)

12.

Type of Reporting Person (See Instructions)
PN

CUSIP No. 25960R 105

1.

Names of Reporting Persons
ACOF Operating Manager, L.P.

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

x

3.

SEC Use Only

4.

Citizenship or Place of Organization
Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

6.

Shared Voting Power
2,762,394 (see Item 4)

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power
2,762,394 (see Item 4)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,762,394 (see Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
12.9% (see Item 4)

12.

Type of Reporting Person (See Instructions)
PN

CUSIP No. 25960R 105

1.

Names of Reporting Persons
Ares Management LLC

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

x

3.

SEC Use Only

4.

Citizenship or Place of Organization
Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

6.

Shared Voting Power
2,762,394 (see Item 4)

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power
2,762,394 (see Item 4)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,762,394 (see Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
12.9% (see Item 4)

12.

Type of Reporting Person (See Instructions)
OO

CUSIP No. 25960R 105

1.

Names of Reporting Persons
Ares Partners Management Company LLC

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

o

(b)

x

3.

SEC Use Only

4.

Citizenship or Place of Organization
Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

6.

Shared Voting Power
2,762,394 (see Item 4)

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power
2,762,394 (see Item 4)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,762,394 (see Item 4)

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11.

Percent of Class Represented by Amount in Row (9)
12.9% (see Item 4)

12.

Type of Reporting Person (See Instructions)
OO

Item 1.

(a)

Name of Issuer
Douglas Dynamics, Inc.

(b)

Address of Issuer’s Principal Executive Offices
7777 North 73rd Street

Milwaukee, WI 53233

Item 2.

(a)

Name of Person Filing
Ares Corporate Opportunities Fund, L.P. (“ACOF I”)

ACOF Management, L.P. (“ACOF Management”)

ACOF Operating Manager, L.P. (“ACOF Operating Manager”)

Ares Management LLC (“Ares Management”)

Ares Partners Management Company LLC (“Ares Partners” and, together with ACOF I, ACOF Management, ACOF Operating Manager and Ares Management, the “Ares Entities”)

(b)

Address of Principal Business Office or, if none, Residence
For each Ares Entity:

2000 Avenue of the Stars, 12th Floor

Los Angeles, CA 90067

(c)

Citizenship
For each Ares Entity, Delaware

(d)

Title of Class of Securities
Common Stock, par value $0.01 per share

(e)

CUSIP Number
25960R 105

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

o

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4.

Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)

ACOF I directly beneficially owns the (i) shares of common stock (“Common Stock”) of Douglas Dynamics, Inc. (the “Issuer”) and (ii) options to purchase Common Stock of the Issuer (“Stock Options”) reported on this Schedule 13G.  Each of the other Ares Entities, as a result of the relationships described below in Item 6, may be deemed to indirectly beneficially own the shares of common stock reported on this Schedule 13G.  Each of the Ares Entities (other than ACOF I, with respect to securities held by ACOF I) and the officers, partners, members and managers of the Ares Entities disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that any such person or entity is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.

(b)

Percent of class:   

12.9% (1)

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote   

0

(ii)

Shared power to vote or to direct the vote    

2,762,394 (2)

(iii)

Sole power to dispose or to direct the disposition of   

0

(iv)

Shared power to dispose or to direct the disposition of   

2,762,394 (2)

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

The general partner of ACOF I is ACOF Management, and the general partner of ACOF Management is ACOF Operating Manager. ACOF Operating Manager is indirectly controlled by Ares Management, which, in turn, is indirectly controlled by Ares Partners.

Ares Partners is managed by an executive committee comprised of Antony Ressler, Michael Arougheti, David Kaplan, Greg Margolies and Bennett Rosenthal.  Each of the members of the executive committee, the Ares Entities (other than ACOF I, with respect to the securities held by ACOF I) and the officers, partners, members and managers of the Ares Entities expressly disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that any such person or entity is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.  The address of each Ares Entity is 2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Inapplicable

Item 8.

Identification and Classification of Members of the Group

See Joint Filing Agreement attached hereto as Exhibit 99.1.

Item 9.

Notice of Dissolution of Group

Inapplicable

Item 10.

Certification

ARES CORPORATE OPPORTUNITIES FUND, L.P

By:

ACOF OPERATING MANAGER, L.P.

Its:

Manager

By:

 /s/Michael D. Weiner

Authorized Signatory

ACOF MANAGEMENT, L.P

By:

ACOF OPERATING MANAGER, L.P.

Its:

General Partner

By:

 /s/Michael D. Weiner

Authorized Signatory

ACOF OPERATING MANAGER, L.P.

By:

 /s/Michael D. Weiner

Authorized Signatory

ARES MANAGEMENT LLC

By:

 /s/Michael D. Weiner

Authorized Signatory

ARES PARTNERS MANAGEMENT COMPANY LLC

By:

 /s/Michael D. Weiner

Authorized Signatory

ATTENTION

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).