REV - M&A Summary and Business Overview

AutomotiveCompany

REV M&A Summary

REV has acquired 12 companies, including 1 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 1 asset.

REV’s largest acquisition to date was in 2013, when it acquired Thor - Bus Business for $100M. It’s largest disclosed sale occurred in 2024, when it sold Collins Bus to Forest River for $303M. REV has acquired in 7 different US states. The Company’s most targeted sectors include automotive (100%).

REV Business Overview

Where is REV headquartered?

REV is headquartered in Milwaukee, Wisconsin.

What is REV’s revenue?

REV disclosed revenue of 2,300M USD for 2021 and 2,400M USD for 2019.

How many employees does REV have?

REV has 7,045 employees.

What sector is REV in?

REV is an automotive company.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity10
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 8

REV

REV Group, Inc.

111 E. Kilbourn Ave., Suite 2600,
Milwaukee, Wisconsin 53202
United States,
(414) 290-0190
www.revgroup.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 9 1 - - - - 10
vol $108M $55M $163M
Sell (0.2/yr) # - - - - - 1 1
vol $303M $303M
  11

Most Recent M&A

Company Date Value Type
Collins Bus Corp. 2024-01-29 303M USD Divestiture
Hutchinson, Kansas · www.collinsbus.com
Spartan Motors, Inc. - Emergency Response Unit 2020-02-03 55M USD Divestiture
, Michigan
Lance Camper Manufacturing Corp. 2018-01-12 - Add-on Acquisition
Lancaster, California · www.lancecamper.com
Ferrara Fire Apparatus, Inc. 2017-04-25 - Add-on Acquisition
Holden, Louisiana · www.ferrarafire.com
Midwest Automotive Designs LLC 2017-04-13 - Add-on Acquisition
Elkhart, Indiana · www.midwestautomotivedesigns.com
Kovatch Mobile Equipment Corp. 2017-04-11 - Add-on Acquisition
Nesquehoning, Pennsylvania · www.kovatch.com
Renegade RV 2016-12-30 - Add-on Acquisition
Bristol, Indiana · www.renegaderv.com
Kibbi LLC 2016-12-01 - Add-on Acquisition
Bristol, Indiana · www.kibbi.com
Thor - Bus Business 2013-07-31 100M USD Divestiture
, United States
Monaco RV 2013-05-16 - Divestiture
Wakarusa, Indiana
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Automotive 10 (100%) 163M (100%) 1 (100%) 303M (100%)
Total 10 $163M 1 $303M

By Geo

State/Country Buy Value Sell Value
United States 10 163M 1 303M
  Indiana 4 - - -
  Pennsylvania 1 - - -
  Michigan 1 55M - -
  Louisiana 1 - - -
  Florida 1 8M - -
  California 1 - - -
  Kansas - - 1 303M
Total 10 $163M 1 $303M

Deal Values

buy # Total
< $100M 3 $163M
TOTAL $163M
Largest Thor - Bus Business
$100M (2013-07-31)
sell # Total
$100M to $1B 1 $303M
TOTAL $303M
Largest Collins Bus Corp.
$303M (2024-01-29)

M&A Connections

Deals
Acquired from
Investor(s)
30%
3 (30%)
Strategic(s)
40%
4 (40%)
Divested to
Strategic(s)
100%
1 (100%)

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