REV Group

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REV Group
Formerly
Allied Specialty Vehicles
Public
Traded asNYSEREVG
Russell 2000 Component
IndustryEmergency and Recreational vehicle manufacturing
Founded2010; 9 years ago (2010)
HeadquartersMilwaukee Center[1],
Milwaukee, Wisconsin
,
USA
Key people
Timothy Sullivan (CEO), Peter Guile (Former CEO)
ProductsEmergency services vehicles, buses, ambulances, special-purpose vehicles, recreational vehicles
DivisionsCollins Industries
E-One
Fleetwood Enterprises
Goshen Coach
ElDorado Motor Corp.
Champion Bus
Goshen Coach
Ferrara Fire Apparatus
Websitehttp://www.revgroup.com/

REV Group (formerly Allied Specialty Vehicles) is an American manufacturer of specialty vehicles, including buses, fire trucks, ambulances, and recreational vehicles.

The company has yearly revenue of over $1 billion. The company is led by Timothy Sullivan, CEO, formerly of Bucyrus International.[2]

History[edit]

Allied Specialty Vehicles was formed in 2010 from the merger of four companies owned by American Industrial Partners: Collins Industries, E-One, Halcore Group, and Fleetwood Enterprises.[3]

In September 2010, ASV acquired the assets of ambulance manufacturer Road Rescue from Spartan Motors.[4][5]

In 2013, three acquisitions were announced. SJC Industries was purchased in May 2013 from Thor Industries. It is a manufacturer of ambulances under the brand names McCoy Miller and Marque.[6][7]

A week later, it was announced that ASV was purchasing the RV assets of Navistar International, which include Monaco, Holiday Rambler, R-Vision and the Beaver and Safari brands.[8][9]

In August 2013, ASV announced the purchase of Thor Industries' bus businesses, including the ElDorado Motor Corp., National Coach, Champion Bus, and Goshen Coach companies.[10]

Allied Specialty Vehicles changed its name to REV Group in November 2015.[11]

In April 2016, REV Group acquired fire truck manufacturer Kovatch Mobile Equipment Corp.[12]

In January 2017, the company went public with ticker symbol REVG.[13][14]

In 2017, REV Group acquired Ferrara Fire Apparatus[15][16] and Renegade RV.[17]

In January 2018, REV Group acquired California-based Lance Camper. Lance was founded in 1965 and manufactures truck campers and towable RVs.[18]

References[edit]

  1. ^ Hess, Corrinne (2016-04-07). "REV Group HQ will be in the Milwaukee Center". Milwaukee Business News. Archived from the original on 2017-03-12. Retrieved 2019-06-04.
  2. ^ "Timothy W. Sullivan Appointed Chief Executive Officer" (PDF) (Press release). 2014-08-11. Archived from the original (PDF) on 2014-09-03.
  3. ^ "American Industrial Partners Announces the Formation of Allied Specialty Vehicles, Inc., a Leading Manufacturer of Specialty Vehicles in North America". American Industrial Partners. 2010-08-24. Archived from the original on 2018-09-05.
  4. ^ "Allied Specialty Vehicles, Inc. Announces the Acquisition of Road Rescue". Roadrescue.com. 2010-09-20. Archived from the original on 2013-07-25. Retrieved 2013-05-27.
  5. ^ Mcfadden, Naeem (2010-09-23). "Road Rescue to shut down in Marion". SCNow. Archived from the original on 2019-06-05.
  6. ^ "Allied Specialty Vehicles, Inc. Acquires Ambulance Manufacturer SJC Industries" (PDF). Allied Specialty Vehicles. 2013-05-06. Archived from the original (PDF) on 2015-05-01. Retrieved 2015-05-01.
  7. ^ Meenan, Jim (2013-05-22). "Elkhart company to close". South Bend Tribune. Retrieved 2019-06-04.
  8. ^ "Allied Specialty Vehicles, Inc. Acquires Monaco RV" (PDF). Allied Specialty Vehicles. 2013-05-16. Archived from the original (PDF) on 2014-04-15. Retrieved 2013-05-17.
  9. ^ "Navistar sends RV biz on a one-way road trip". Chicago Business Journal. 2013-05-16. Archived from the original on 2013-06-20.
  10. ^ "Thor Sells Bus Business" (Press release). 2013-07-31. Archived from the original on 2015-01-09 – via InsideINdianaBusiness.
  11. ^ "Allied Specialty Vehicles Selects ʺREVʺ as New Company Name" (Press release). 2015-11-02. Archived from the original on 2017-08-09.
  12. ^ Holland, Christopher (2016-04-12). "Kovatch sells KME; all jobs to be retained". Lehigh Valley Business. Retrieved 2019-06-04.
  13. ^ "REV GROUP, INC. (REVG) IPO". NASDAQ.com. Retrieved 2019-06-05.
  14. ^ Stevenson, Abigail (2017-01-30). "Know your IPO! Cramer finds out if fresh-faced Rev Group is ready to be bought". CNBC. Retrieved 2019-06-05.
  15. ^ Boone, Timothy (2017-07-01). "Here's how sale of Ferrara Fire Apparatus to affect Holden-based fire engine maker, 450 employees". [[The Advocate (Louisiana)|]]. Archived from the original on 2018-06-23.
  16. ^ "REV Group acquires Ferrara Fire Apparatus" (Press release). 2017-04-25. Archived from the original on 2019-06-05.
  17. ^ "REV Group, Inc. Acquires Renegade RV" (Press release). 2016-12-30. Archived from the original on 2019-06-05 – via PR Newswire.
  18. ^ Dill, Molly (January 15, 2018). "REV Group acquires Lance Camper Adds California RV manufacturer to specialty vehicle lineup". Biz Times/Milwaukee Business News. Retrieved February 9, 2018.

External links[edit]