M&A Deal Summary

REV Acquires Thor - Bus Business

On July 31, 2013, REV acquired automotive company Thor - Bus Business from THOR Industries for 100M USD

Acquisition Highlights
  • This is REV’s 3rd transaction in the Automotive sector.
  • This is REV’s largest (disclosed) transaction.
  • This is REV’s 3rd transaction in the United States.

M&A Deal Summary
Date 2013-07-31
Target Thor - Bus Business
Sector Automotive
Buyer(s) REV
Sellers(s) THOR Industries
Deal Type Divestiture
Deal Value 100M USD

Target

Thor - Bus Business

United States
Thor’s bus business includes Champion Bus, Inc., General Coach America, Inc., Goshen Coach, Inc., El Dorado National California, Inc., and El Dorado National Kansas, Inc., which combined represent one of the largest producers of transit and shuttle buses

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Buyer(S) 1

Buyer

REV

Milwaukee, Wisconsin, United States

website

Category Company
Sector Automotive
Employees7,045
Revenue 2.3B USD (2021)
DESCRIPTION

REV is a diversified manufacturer of specialty vehicles to North America, as well as export markets. The company operates in three industry segments, Commercial, Fire & Emergency and Recreation Vehicles, and owns 27 vehicle brands. Within the Fire & Emergency segment, REV offers an extensive line of fire apparatus under the E-ONE and KME brand names. Additionally, the Company offers a full line of ambulances and rescue vehicles under eight different brand names, including AEV, Horton, Road Rescue and Wheeled Coach. Within the Recreation Vehicle segment, the Company produces Class A, Class B, and Class C recreation vehicles under the iconic names of American Coach, Monaco Coach, Holiday Rambler, Fleetwood RV and Renegade RV. Within the Commercial segment, the Company produces commercial, school and luxury buses under eight different brand names, including Champion, Collins, Federal, and Krystal. The REV Commercial segment also builds terminal trucks and street sweepers under Capacity and LayMor, respectively.

DEAL STATS #
Overall 3 of 10
Sector (Automotive) 3 of 10
Type (Divestiture) 3 of 4
Country (United States) 3 of 10
Year (2013) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-16 Monaco RV

Wakarusa, Indiana, United States

Monaco RV comprises of manufacturing operations for R-Vision and Holiday Rambler towable units in Harrisburg, Ore., and Monaco and Holiday Rambler brand motorized RVs in Wakarusa, Ind.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Kibbi

Bristol, Indiana, United States

Kibbi LLC is a manufacturer of specialty trailers and recreational vehicles. The Company manufactures all of its vehicles on commercial chassis, utilizing proprietary manufacturing techniques, which allows consumers with large cargo capacity needs to tow heavy loads safely. Kibbi sells its products through a network of specialty vehicle and trailer dealers. Kibbi was established in 1997 and is based in Bristol, Indiana.

Buy -

Seller(S) 1

SELLER

THOR Industries

Elkhart, Indiana, United States

website

Category Company
Founded 1980
Sector Automotive
Employees22,250
Revenue 16.3B USD (2022)
DESCRIPTION
Thor Industries' corporate headquarters in Elkhart, Indiana.
Thor Industries' corporate headquarters in Elkhart, Indiana.

THOR Industries manufactures a wide range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. THOR Industries was founded in 1980 and is based in Elkhart, Indiana.

DEAL STATS #
Overall 2 of 3
Sector (Automotive) 2 of 3
Type (Divestiture) 2 of 2
Country (United States) 2 of 3
Year (2013) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 SJC Industries

Elkhart, Indiana, United States

SJC Industries Corp., manufacturers a full line of ambulances distributed under the McCoy-Miller and Marque brands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-27 Livin Lite Recreational Vehicles

Wakarusa, Indiana, United States

Livin' Lite Recreational Vehicles LLC is a manufacturer of quicksilver all-aluminum constructed ultra-lite weight tent campers, truck campers, and sport utility trailers.

Buy -
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