Allied Specialty Vehicles Ipo

Allied specialty vehicles ipo

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

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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]

Product lines[edit]

Buses[edit]

Company name Location Product line(s)
Champion BusImlay City, Michigan Commercial buses
Collins BusSouth Hutchinson, Kansas School buses/MFSAB
ElDorado NationalSalina, Kansas Commercial buses
ENC

(ElDorado National-California)

Riverside, California Low-floor transit buses
Federal Coach Imlay City, Michigan Luxury/limo buses
Goshen CoachSalina, Kansas

Imlay City, Michigan

Commercial buses
Krystal Coach Imlay City, Michigan Luxury/limo buses
World Trans Salina, Kansas Commercial buses

Fire and emergency vehicles[edit]

Company name Location Product line(s)
Fire Apparatus
E-OneOcala, Florida Fire apparatus
Kovatch Mobile Equipment (KME) Nesquehoning, Pennsylvania Fire apparatus
Ferrara Fire ApparatusHolden, Louisiana Fire apparatus
Ambulances
American Emergency Vehicles (AEV) Jefferson, North Carolina Ambulances (Type I, II, III)
Horton Ambulance Grove City, Ohio Ambulances (Type I, II, III)
Frontline Emergency Vehicles Winter Park, Florida Ambulances (Type I, III)
Leader Emergency Vehicles South El Monte, California Ambulances (Type II, III)
Marque Ambulance Winter Park, Florida Ambulances (Type I, II, III)
McCoy Miller Winter Park, Florida Ambulances (Type I, II, III)
Road Rescue Winter Park, Florida Ambulances (Type I, II, III)
Wheeled Coach Winter Park, Florida Ambulances (Type I, II, III)

Recreational vehicles[edit]

Company name Location Product line(s)
American Coach Decatur, Indiana Class A luxury motorhomes
Fleetwood EnterprisesDecatur, Indiana Class A, Class C motorhomes
Monaco CoachDecatur, Indiana Class A luxury motorhomes
Holiday RamblerDecatur, Indiana Class A, Class C motorhomes
Renegade RV Bristol, Indiana Class C luxury motorhomes

Enclosed trailers

Midwest Automotive Designs Elkhart, Indiana Class B motorhomes

Sprinter van conversions

Lance Camper Lancaster, California Truck-bed campers

Travel trailers

Other manufacturing[edit]

Company name Location Product line(s)
Capacity Trucks Longview, Texas Terminal tractors
Laymor Street Sweepers Longview, Texas Street sweepers
Goldshield Fiberglass Decatur, Indiana Molded fiberglass manufacturing

References[edit]

External links[edit]

  1. ^Hess, Corrinne (2016-04-07).

    RECREATION

    "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).

    Allied specialty vehicles ipo

    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.

    Allied specialty vehicles ipo

    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).

    Navigation menu

    "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.

    Rev Group interviews investment banks for IPO: sources

    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.

    Allied specialty vehicles ipo

    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.

    Allied specialty vehicles ipo

    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).

    Rev Group interviews investment banks for IPO - sources

    2015-11-02. Archived from the original on 2017-08-09.

  12. ^Holland, Christopher (2016-04-12).

    Allied specialty vehicles ipo

    "Kovatch sells KME; all jobs to be retained". Lehigh Valley Business. Retrieved 2019-06-04.

  13. ^"REV GROUP, INC.

    Iper ato ipo ito sali

    (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.

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    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)❷]. Archived from the original on 2018-06-23.
  16. ^"REV Group acquires Ferrara Fire Apparatus" (Press release).

    REV Group, Inc. — Allied Specialty Vehicles Changes Name to REV

    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".

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    Biz Times/Milwaukee Business News. Retrieved February 9, 2018.