Follow-on Offering

Industrial
Follow-on Offering

Summary

Baird served as an active bookrunning manager on this offering.

About

REV Group, Inc. (“REV Group” or the “Company”) (NYSE: REVG) recently completed a follow-on offering of 10,000,000 common shares at a price of $27.25 per share, generating gross proceeds of approximately $272.5 million. The selling stockholders, American Industrial Partners (“AIP”), will receive all of the net proceeds from the offering. In connection with the offering, the selling stockholders have granted the underwriters an option to purchase up to 1,500,000 additional shares of common stock from the selling stockholders.

REV Group is a leading designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. REV Group serves a diversified customer base primarily in the United States through three segments: Fire & Emergency, Commercial and Recreation. REV Group provides customized vehicle solutions for applications including: essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, shuttle buses and street sweepers) and consumer leisure (recreational vehicles and luxury buses). REV Group’s brand portfolio consists of 29 well-established principal vehicle brands including many of the most recognizable names within its served markets. REV Group is headquartered in Milwaukee, Wisconsin.

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Industrial
Follow-on Offering
Date
October 2017
Company
REV Group, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America

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