M&A Deal Summary

REV Acquires Spartan Motors - Emergency Response Unit

On February 3, 2020, REV acquired automotive company Spartan Motors - Emergency Response Unit from Shyft Group for 55M USD

Acquisition Highlights
  • This is REV’s 10th transaction in the Automotive sector.
  • This is REV’s 2nd largest (disclosed) transaction.
  • This is REV’s 10th transaction in the United States.
  • This is REV’s 1st transaction in Michigan.

M&A Deal Summary

Date 2020-02-03
Target Spartan Motors - Emergency Response Unit
Sector Automotive
Buyer(s) REV
Sellers(s) Shyft Group
Deal Type Divestiture
Deal Value 55M USD

Target

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.

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Buyer(S) 1

Buyer

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 10 of 10
Sector (Automotive) 10 of 10
Type (Divestiture) 4 of 4
State (Michigan) 1 of 1
Country (United States) 10 of 10
Year (2020) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-12 Lance Camper Manufacturing

Lancaster, California, United States

Lance Camper Manufacturing Corp. is a designer, engineers and manufacturer of automotive products from its state-of-the-art campus in Lancaster, CA.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-29 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.

Sell $303M

Seller(S) 1

SELLER

Shyft Group

Novi, Michigan, United States

Category Company
Founded 1975
Sector Automotive
Employees2,670
Revenue 872M USD (2023)
DESCRIPTION

Shyft Group is a designer, and manufacturer of specialty chassis, specialty vehicles, truck bodies and aftermarket parts for the recreational vehicle (RV), emergency response (ER), government services, defense, and delivery and service markets. Shyft Group was founded in 1975 and is based in Novi, Michigan.


DEAL STATS #
Overall 2 of 2
Sector (Automotive) 2 of 2
Type (Divestiture) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Royal Truck Body

Carson, California, United States

Royal Truck Body is a designer, manufacturer, and installer of service truck bodies and accessories. Royal Truck Body is based in Carson, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 F3 MFG

Waterville, Maine, United States

F3 MFG, Inc. is a manufacturer of DuraMag truck bodies as well as the Magnum brand headache racks and truck accessories. F3 MFG, Inc. was founded in 2010 and is based in Waterville, Maine.

Buy -