Sale of its Shuttle Bus Business to Forest River, Inc.

Industrial
Sale of its Shuttle Bus Business to Forest River, Inc.

Summary

Baird served as financial advisor to REV Group, Inc. on this transaction

About

REV Group, Inc. (“REV”) (NYSE:REVG) recently completed the sale of its two shuttle bus businesses, Eldorado National Kansas, Inc. and Champion Bus, Inc. (“Shuttle Bus” or the “Company”), to Forest River, Inc. (“Forest River”).

REV is a leading designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. REV serves a diversified customer base, primarily in the United States, through three segments: Fire & Emergency, Commercial and Recreation providing customized vehicle solutions for applications, including essential needs for public services, commercial infrastructure and consumer leisure. REV’s diverse portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. REV is headquartered in Milwaukee, Wisconsin.

Shuttle Bus includes the brands Champion Bus, Federal Coach, World Trans, Krystal Coach, Eldorado National and Goshen Coach. These brands are produced in Imlay City, Michigan and Salina, Kansas. The Company’s product line provides transportation for colleges, churches, assisted living facilities, retirement communities, transportation companies and government agencies.

Forest River is a leading manufacturer of recreational vehicles, pontoon boats, cargo trailers, park models and buses. Forest River was founded in 1996 and operates as a subsidiary of Berkshire Hathaway Inc. with manufacturing facilities in the Midwest and West Coast. Forest River is headquartered in Elkhart, Indiana.
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Industrial
Sale of its Shuttle Bus Business to Forest River, Inc.
Date
May 2020
Company
REV Group, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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