M&A Deal Summary

THOR Industries Acquires Bison

On October 31, 2013, THOR Industries acquired automotive company Bison from Navistar International for 17M USD

Acquisition Highlights
  • This is THOR Industries’ 11th transaction in the Automotive sector.
  • This is THOR Industries’ 8th largest (disclosed) transaction.
  • This is THOR Industries’ 11th transaction in the United States.
  • This is THOR Industries’ 9th transaction in Indiana.
Investment Fate
  • Bison was recapitalized in 2023.

M&A Deal Summary
Date 2013-10-31
Target Bison
Sector Automotive
Buyer(s) THOR Industries
Sellers(s) Navistar International
Deal Type Divestiture
Deal Value 17M USD

Target

Bison

Milford, Indiana, United States
website
Bison is a designer and manufacturer of specialty aluminum and steel horse trailers sold throughout the United States and Canada. It specializes in both living quarter and non-living quarter trailers including goosenecks and bumper pull products. Bison was formed in 1984 and is based in Milford, Indiana.

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Buyer(S) 1

Buyer

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 11 of 17
Sector (Automotive) 11 of 14
Type (Divestiture) 1 of 1
State (Indiana) 9 of 13
Country (United States) 11 of 16
Year (2013) 2 of 2
Size (of disclosed) 8 of 8
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-17 K-Z

Shipshewana, Indiana, United States

K-Z, Inc., produces a selection of travel trailers, fifth wheels and toy haulers with retail price points as low as $10,000 for entry-level products. The company produces its RV's at a complex consisting of 396,000 square feet of office and production space spread among six primary facilities operated by a team of approximately 320 employees.

Buy $53M

Seller(S) 1

SELLER

Navistar International

Lisle, Illinois, United States

website

Category Company
Founded 1902
Sector Automotive
Revenue 11.3B USD (2019)
DESCRIPTION
Navistar's corporate headquarters in Lisle, Illinois.
Navistar's corporate headquarters in Lisle, Illinois.

Navistar is a manufacturer of commercial trucks, diesel engines and parts, school and commercial buses, and automotive chassis. Navistar was formerly known as International Harvester. Navistar was founded in 1902 and is based in Lisle, Illinois.

DEAL STATS #
Overall 4 of 7
Sector (Automotive) 2 of 3
Type (Divestiture) 4 of 7
State (Indiana) 2 of 2
Country (United States) 4 of 7
Year (2013) 2 of 2
Size (of disclosed) 1 of 1
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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 E-Z Pack

Cynthiana, Kentucky, United States

E-Z Pack is a manufacturer of refuse truck bodies and OEM garbage truck parts. E-Z Pack was founded in 1905 and is based in Cynthiana, Kentucky.

Sell -
Mergr

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