Sale to Winnebago Industries, Inc.

Industrial
Sale to Winnebago Industries, Inc.

Summary

Baird served as the exclusive financial advisor to Grand Design RV, LLC on this transaction

About

Grand Design RV, LLC (“Grand Design” or the “Company”), a portfolio company of Summit Partners (“Summit”) with significant founder ownership, was recently acquired by Winnebago Industries, Inc. (“Winnebago”) (NYSE:WGO) for approximately $500 million in cash and newly issued Winnebago shares.

Grand Design was founded in 2012 and is one of the fastest-growing RV companies in the industry. Since its founding, Grand Design has shipped 25,000 units and has sold over 21,000 units at retail. Grand Design manufactures the market leading Reflection fifth wheel and travel trailer, flagship Solitude extended stay fifth wheel, luxury Momentum toy hauler and lightweight Imagine travel trailer product lines. Grand Design is headquartered in Middlebury, Indiana.

Founded in 1984, Summit is a global alternative investment firm that is currently investing more than $7.2 billion into equity and fixed income opportunities. Summit has invested in more than 430 companies in technology, healthcare and other growth sectors. These companies have completed more than 135 public offerings, and more than 160 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe, and invests in companies around the world. Summit is headquartered in Boston, Massachusetts.

Winnebago is a leading United States manufacturer of recreation vehicles, which are used primarily in leisure travel and outdoor recreation activities. Winnebago builds quality motorhomes, travel trailers and fifth wheel products. Winnebago has received the Quality Circle Award from the Recreation Vehicle Dealers Association every year since 1996. Winnebago has multiple facilities in Iowa, Indiana, Oregon and Minnesota and is headquartered in Forest City, Iowa.

For additional information about this transaction, please contact:

Mike Lindemann +1 (414) 298-7408
Chris McMahon +1 (312) 609-4983
Les Cheek +1 (617) 426-5789
Mark Karns +1 (312) 609-7045
Eric Stetler +1 (312) 609-7022
Nick Sealy +44 (207) 667-8370
Industrial
Sale to Winnebago Industries, Inc.
Date
November 2016
Company
Grand Design RV, LLC
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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