REV Group

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REV Group
FormerlyAllied Specialty Vehicles
TypePublic
NYSE: REVG
Russell 2000 Component
IndustryAutomotive
Founded2010; 12 years ago (2010)
HeadquartersAssociated Bank River Center[1],
Milwaukee, Wisconsin
,
USA
Key people
Rod Rushing (CEO)
ProductsAmbulances, buses, firefighting vehicles, recreational vehicles
Number of employees
8,000[2]
DivisionsSee Divisions section
Websiterevgroup.com

REV Group (formerly Allied Specialty Vehicles) is an American manufacturer of ambulances, buses, firefighting vehicles, recreational vehicles and other specialty vehicles. The company has yearly revenue of over $1 billion.

History[]

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]

In February 2020, REV Group announced its acquisition of Spartan ER, a subsidiary of Spartan Motors.[19]

In May 2020, REV Group sold its shuttle bus brands Champion, Federal Coach, World Trans, Krystal Coach, ElDorado and Goshen Coach to Forest River.[20]

In September 2021 REV it will close KME fire-truck apparatus plants in Virginia and Pennsylvania over the next year and transition production to other facilities in Brookfield-based Rev Group’s fire-equipment manufacturing group.[21]

Divisions[]

Company name Location Product lines Notes
Buses
Collins Bus South Hutchinson, Kansas School buses
ENC Riverside, California Transit buses
Firefighting vehicles
E-One Ocala, Florida Firefighting apparatus
Kovatch Mobile Equipment (KME) Nesquehoning, Pennsylvania Firefighting apparatus To close in 2022.[21]
Ferrara Fire Apparatus Holden, Louisiana Firefighting apparatus
Ladder Tower Ephrata, Pennsylvania Ladder trucks
Smeal Fire Apparatus Snyder, Nebraska Firefighting apparatus
Spartan Emergency Response Brandon, South Dakota Firefighting apparatus
Ambulances
American Emergency Vehicles (AEV) Jefferson, North Carolina Ambulances (Type I, II, III)
Horton Ambulance Grove City, Ohio Ambulances (Type I, II, III)
Leader Emergency Vehicles South El Monte, California Ambulances (Type II, III)
Road Rescue Winter Park, Florida Ambulances (Type I, II, III)
Wheeled Coach Winter Park, Florida Ambulances (Type I, II, III)
Recreational vehicles
American Coach Decatur, Indiana Class A luxury motorhomes
Fleetwood Enterprises Decatur, Indiana Class A, Class C motorhomes
Monaco Coach Decatur, Indiana Class A luxury motorhomes
Holiday Rambler Decatur, Indiana Class A, Class C motorhomes
Renegade RV Bristol, Indiana Class C luxury motorhomes, travel trailers
Midwest Automotive Designs Elkhart, Indiana Class B motorhomes
Lance Camper Lancaster, California Truck campers, travel trailers
Other manufacturing
Capacity Trucks Longview, Texas Terminal tractors
Laymor Street Sweepers Longview, Texas Street sweepers
Goldshield Fiberglass Decatur, Indiana Molded fiberglass manufacturing

References[]

  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. ^ https://www.owler.com/company/revgroup
  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. 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.
  19. ^ "Spartan Motors Announcements". Spartan Motors. 2020-02-03. Retrieved 2020-02-03.
  20. ^ "Forest River acquires REV Group's shuttle bus business". Retrieved 2020-05-13.
  21. ^ a b "Rev Group closing plants in Virginia, Pennsylvania". Bizjournals.com. 2021-09-14. Retrieved 2021-12-03.

External links[]

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