M&A Deal Summary

Forest River Acquires Collins

On January 29, 2024, Forest River acquired automotive company Collins from REV for 303M USD

Acquisition Highlights
  • This is Forest River’s 4th transaction in the Automotive sector.
  • This is Forest River’s largest (disclosed) transaction.
  • This is Forest River’s 4th transaction in the United States.
  • This is Forest River’s 1st transaction in Kansas.

M&A Deal Summary

Date 2024-01-29
Target Collins
Sector Automotive
Buyer(s) Forest River
Sellers(s) REV
Deal Type Divestiture
Deal Value 303M USD

Target

Collins

Hutchinson, Kansas, United States
Collins is a manufacturer of basic needs specialty vehicles including ambulances, type A school buses, and terminal trucks. Collins was founded in 1967 and is based in Hutchinson, Kansas.

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Buyer(S) 1

Buyer

Forest River

Elkhart, Indiana, United States

Category Company
Founded 1996
Sector Automotive
DESCRIPTION

Forest River Inc. is a manufacturer of recreational vehicles, cargo trailers, utility trailers, pontoon boats, and buses. Forest River Inc. was formed in 1996 and is based in Elkhart, Indiana.


DEAL STATS #
Overall 4 of 4
Sector (Automotive) 4 of 4
Type (Divestiture) 2 of 2
State (Kansas) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-28 Turtle Top

New Paris, Indiana, United States

Turtle Top, Inc. is a manufacturer of buses and specialty vehicles designed according to the requests and requirements of our customers. Turtle Top, Inc. was founded in 1962 and is based in New Paris, Indiana.

Buy -

Seller(S) 1

SELLER

REV

Milwaukee, Wisconsin, United States

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 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Kansas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Spartan Motors - Emergency Response Unit

Michigan, United States

Spartan Motors, Inc. - Emergency Response Unit is a designer, manufacturer, and distributor of custom emergency response vehicles, cabs, and chassis for the emergency response market.

Buy $55M