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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

Brookfield, Wisconsin, United States
Category Company
Founded 2008
Sector Automotive
Employees5,500
Revenue 2.4B USD (2024)
DESCRIPTION

REV is a diversified manufacturer of specialty vehicles to North America, as well as export markets. REV 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. REV was founded in 2008 and is based in Brookfield, Wisconsin.

DEAL STATS #
Overall 10 of 10
Sector: Automotive M&A 10 of 10
Type: Divestiture M&A Deals 4 of 4
State: Michigan M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2020 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-12 Lance Camper

Lancaster, California, United States

Lance Camper is a North American maker of ultra‑lightweight truck campers and travel trailers built using advanced CAD design, CNC machinery, and composite construction materials like Azdel and Euro‑Pl. Lance Camper was founded in 1965 and headquartered in Lancaster, California.

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
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 M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 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 -
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