REV Completes $85 Million Follow-On Offering

Industrial

REV follow-on offering


Summary

REV Group, Inc. (“REV” or the “Company”) (NYSE: REVG), a portfolio company of American Industrial Partners (“AIP”), recently completed a follow-on offering of 5,500,000 common shares at a price of $15.50 per share. The offering generated gross proceeds of $85.3 million for the selling shareholders. The Company did not receive any proceeds from the offering.

Baird served as a bookrunner on this offering.

About

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. 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 Brookfield, Wisconsin.

American Industrial Partners is an operationally-oriented middle market private equity firm that is distinctively focused on buying and improving industrial businesses with operations in the United States or Canada. The AIP team has deep roots in the industrial economy and has been active in private equity investing since 1989. AIP has completed over 100 platform and add-on acquisitions and invests in all forms of corporate divestitures, management buyouts, recapitalizations, and going-private transactions of established businesses with revenues of $300 million to $1 billion+. AIP is headquartered in New York, New York.
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Industrial

REV follow-on offering

Date
June 2021
Company
REV Group, Inc.
Transaction
Equity Capital Markets
Sectors
Industrial
Verticals
Distribution
Machinery & Equipment
Vehicle Supply
Target Location
North America

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