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REV Group

From Wikipedia, the free encyclopedia
American vehicle manufacturer

REV Group, Inc.
FormerlyAllied Specialty Vehicles[1]
Company typePublic
NYSEREVG[2]
Russell 2000 Component
IndustryAutomotive
Founded2010; 16 years ago (2010)[3]
Headquarters,
United States[4]
Key people
Mark Skonieczny[5]
ProductsAmbulances,buses,firefighting vehicles,recreational vehicles
Number of employees
6,873[2]
Websiterevgroup.com

REV Group is an American manufacturer ofambulances,buses,commercial vehicle,firefighting vehicles,recreational vehicles and other specialty vehicles, as well as aftermarket parts and services.

Founded in 2010 asAllied Specialty Vehicles, it provides vehicles and services for public fire departments and emergency services, as well as commercial infrastructure and leisure vehicles for consumers. REV encompasses 24 brands.

Going public in January 2017, it was listed on theNew York Stock Exchange until February 2026, when it was announced that its merger withTerex had been completed.[6]

History

[edit]

Allied Specialty Vehicles was formed in 2010 from the merger of four companies owned by American Industrial Partners:Collins Industries, E-ONE, Halcore Group, andFleetwood Enterprises.[3] Allied Specialty Vehicles changed its name to REV Group in November 2015[1] In January 2017, the companywent public withticker symbol REVG.[7][8]

Acquisitions and divestitures

[edit]

In September 2010, ASV acquired the assets of ambulance manufacturer Road Rescue fromSpartan Motors.[9][10] REV Group purchased SJC Industries fromThor Industries in May 2013. It is a manufacturer of ambulances under the brand namesMcCoy Miller andMarque.[11][12] A week later, it was announced that ASV was purchasing the RV assets ofNavistar International, which includeMonaco,Holiday Rambler, R-Vision and the Beaver and Safari brands.[13][14] In August 2013, ASV announced the purchase ofThor Industries' bus businesses, including theElDorado Motor Corp., National Coach,Champion Bus, andGoshen Coach companies.[15]

In April 2016, REV Group acquired fire truck manufacturerKovatch Mobile Equipment Corp.[16] Later that year, REV Group acquiredFerrara Fire Apparatus[17][18] and Class C motorhome manufacturer[19] Renegade RV.[20] In April 2017, the company acquired sprinter van manufacturer Midwest Automotive Designs.[21]

In January 2018, REV Group acquired California-based Lance Camper. Lance was founded in 1965 and manufactures truck campers and towable RVs.[22] REV Group announced its acquisition of Spartan ER, a subsidiary ofSpartan Motors, in February 2020.[23] REV Group sold its shuttle bus brandsChampion, Federal Coach, World Trans, Krystal Coach,ElDorado andGoshen Coach toForest River in May 2020.[24]

In January 2024, REV announced it would be exiting the bus manufacturing business. The company reached an agreement to sell itsCollins school bus brand toForest River for $303 million and later itsENC transit bus division to Rivaz Inc. in October for $52 million.[25][26]

In July 2025, REV announced that it had sold Lance Camper Mfg. to Vision Kore Inc., effective Thursday, June 26, 2025.[27]

In October 2025, REV announced its planned merger withTerex.[28] The transaction was finalized in February of the following year.

Corporate structure

[edit]

REV Group has around 6,800 employees.[2] Its CEO is Mark Skonieczny.[5] 24 brands are part of REV Group's portfolio.[29]

REV Group Brands[29]
Company nameLocationProduct lines
Fire Vehicle Brands
E-ONEOcala, FloridaFirefighting apparatus
Kovatch Mobile Equipment (KME)Holden, LouisianaFirefighting apparatus
Ferrara Fire ApparatusHolden, LouisianaFirefighting apparatus
Ladder Tower Company (LTC)Ephrata, PennsylvaniaLadder trucks
Smeal Fire ApparatusSnyder, NebraskaFirefighting apparatus
Spartan Emergency ResponseBrandon, South DakotaFirefighting apparatus
Spartan Fire ChassisCharlotte, MichiganFirefighting apparatus
Emergency Vehicle Brands
American Emergency Vehicles (AEV)Jefferson, North CarolinaAmbulances (Type I, II, III)
Horton AmbulanceGrove City, OhioAmbulances (Type I, II, III)
Leader Emergency VehiclesSouth El Monte, CaliforniaAmbulances (Type II, III)
Road RescueWinter Park, FloridaAmbulances (Type I, II, III)
Wheeled CoachWinter Park, FloridaAmbulances (Type I, II, III)
Recreational Vehicle Brands
American CoachDecatur, IndianaClass A luxury motorhomes
Fleetwood EnterprisesDecatur, IndianaClass A, motorhomes
Goldshield FiberglassDecatur, IndianaMolded fiberglass manufacturing
Holiday RamblerDecatur, IndianaClass A motorhomes
Midwest Automotive DesignsElkhart, IndianaClass B motorhomes
Renegade RVBristol, IndianaLuxury motorhomes

Brands

[edit]

Fire

[edit]
The E-ONE Vector is an all-electric fire truck.[30]

REV Fire Group's Vector fire truck is the first full-electric North American fire truck.[30] It has been ordered inCharlotte, North Carolina,[31]Varennes, Quebec,[30] andMesa, Arizona,[32] andToronto, Canada,[33] and was used in the2023 Daytona 500.[34]

E-ONE

[edit]

E-ONE was acquired by REV Group's in 2010 as its first fire apparatus manufacturer and is headquartered inOcala, Florida.[35] According toBuffalo Business First, E-ONE manufactures "stainless steel fire trucks, mostly tankers and pumpers" and its customers include both volunteer and municipal fire departments.[36] In November 2021, E-ONE was contracted by the city ofMesa, Arizona to build the first fully-electric firetruck inNorth America.[37] As of February 2022, the company'sHamburg, New York plant employs around 100 people and produces around 90 trucks a year.[36]

Kovatch Mobile Equipment

[edit]

In April 2016, REV Group acquiredNesquehoning, Pennsylvania-based fire truck manufacturerKovatch Mobile Equipment Corp (KME), which services municipal, state and federal governments.[38] KME was founded in 1946; it began by producing aircraft refueling trucks before shifting into the fire truck market in the 1980s.[39]REV Group announced that plants in Nesquehoning andRoanoke, Virginia would be closing in 2021, with KME production shifting toHolden, Louisiana.[38]TheNesquehoning plant was closed in April 2022.[40]

Ferrara Fire Apparatus

[edit]

Ferrara Fire Apparatus was acquired by REV Group on April 25, 2017.[41] The company manufactures custom fire and rescue vehicles for municipal and industrial clients.[42] The company was founded in 1979 and employs around 450 workers as of 2017, with annual sales at $165 million.[43] In November 2021, REV Group announced plans for a $7.46 million expansion of Ferrara'sHolden, Louisiana manufacturing facility; the project is due to be complete in June 2023.[44]

Spartan Emergency Response

[edit]

In February 2020, REV Group announced its acquisition of Spartan ER, a subsidiary of The Shyft Group (at the time known as Spartan Motors), for $55 million.[45][46] As part of the purchase, REV Group acquired Spartan Emergency Response and its subsidiaries (Spartan Fire Apparatus and Chassis, Smeal Fire Apparatus, Ladder Tower, and UST).[46] The company designs, manufactures, and distributes custom emergency response vehicles acrossAsia,North America, andSouth America. Prior to its acquisition, Spartan recorded $253 million in revenue for the year ending in September 2019.[47]

Ambulance

[edit]

American Emergency Vehicles (AEV) is a manufacturer ofambulance vehicles. It was acquired by REV Group in 2010.[48] and is headquartered inJefferson, North Carolina, where it has been based for over 30 years.[49] Leader Emergency Vehicles company develops ambulance vehicles, including all-electric vehicles,[50][51] used by partners includingDocGo, the first of their kind in the United States.[52] REV Ambulance Group Orlando[53] encompasses Wheeled Coach and Road Rescue.[54] Horton Emergency Vehicles was founded by Carl Horton, who was an early leader in theIndyCar safety field;[55] the company was founded in 1968 and is based inGrove City, Ohio. As of 2014, Horton employs around 400 workers and produces around 600 ambulances a year, primarily for fire departments.[56] Horton vehicles produced after April 2023 feature the MBrace, a "four-point retractable harness that includes its own airbag"[57] that can be deployed in a "fraction of a second."[58]

REV Recreation Group, Inc.

[edit]

REV Recreation Group comprises American Coach,Fleetwood Enterprises,Holiday Rambler, and Midwest Automotive Designs. In March 2023, REV completed its 40,000th unit at itsDecatur, Indiana plant.[59][60]

Renegade RV

[edit]

Renegade RV was acquired by REV Group in 2016; as of December 2016, it had 175 employees and was based inBristol, Indiana. The company manufacturesrecreational vehicles, trailers, and specialty vehicles.[61]

References

[edit]
  1. ^ab"Allied Specialty Vehicles Selects ʺREVʺ as New Company Name".Fire Apparatu & Emergency Equipment. November 2, 2015. RetrievedAugust 4, 2022.
  2. ^abc"REV Group, Inc. (REVG) Stock Price, News, Quote & History - Yahoo Finance".Yahoo! Finance. RetrievedAugust 4, 2022.
  3. ^abTackett, Richard (July 1, 2018)."REV Group sets itself apart".BUSRide. RetrievedAugust 4, 2022.
  4. ^Hess, Corrinne (April 7, 2016)."REV Group HQ will be in the Milwaukee Center".Milwaukee Business News.Archived from the original on March 12, 2017. RetrievedJune 4, 2019.
  5. ^abKirchen, Rich (May 18, 2023)."Rev Group makes it official for new CEO".Milwaukee Business Journal. RetrievedJune 4, 2023.
  6. ^"Terex and REV Group complete merger, creating a premier specialty equipment manufacturer".PR Newswire. RetrievedFebruary 4, 2026.
  7. ^"REV GROUP, INC. (REVG) IPO".NASDAQ.com. RetrievedJune 5, 2019.
  8. ^Stevenson, Abigail (January 30, 2017)."Know your IPO! Cramer finds out if fresh-faced Rev Group is ready to be bought".CNBC. RetrievedJune 5, 2019.
  9. ^"Allied Specialty Vehicles, Inc. Announces the Acquisition of Road Rescue". Roadrescue.com. September 20, 2010. Archived fromthe original on July 25, 2013. RetrievedMay 27, 2013.
  10. ^Mcfadden, Naeem (September 23, 2010)."Road Rescue to shut down in Marion".SCNow.Archived from the original on June 5, 2019.
  11. ^"Allied Specialty Vehicles, Inc. Acquires Ambulance Manufacturer SJC Industries"(PDF).Allied Specialty Vehicles. May 6, 2013. Archived fromthe original(PDF) on May 1, 2015. RetrievedMay 1, 2015.
  12. ^Meenan, Jim (May 22, 2013)."Elkhart company to close".South Bend Tribune. RetrievedJune 4, 2019.
  13. ^"Allied Specialty Vehicles, Inc. Acquires Monaco RV"(PDF).Allied Specialty Vehicles. May 16, 2013. Archived fromthe original(PDF) on April 15, 2014. RetrievedMay 17, 2013.
  14. ^"Navistar sends RV biz on a one-way road trip".Chicago Business Journal. May 16, 2013.Archived from the original on June 20, 2013.
  15. ^"Thor Sells Bus Business" (Press release). July 31, 2013. Archived fromthe original on January 9, 2015 – via InsideINdianaBusiness.
  16. ^Holland, Christopher (April 12, 2016)."Kovatch sells KME; all jobs to be retained".Lehigh Valley Business. RetrievedJune 4, 2019.
  17. ^Boone, Timothy (July 1, 2017)."Here's how sale of Ferrara Fire Apparatus to affect Holden-based fire engine maker, 450 employees".The Advocate.Archived from the original on June 23, 2018.
  18. ^"REV Group acquires Ferrara Fire Apparatus" (Press release). April 25, 2017.Archived from the original on June 5, 2019.
  19. ^Gerard, Gary (January 18, 2023)."Exhibitors 'Cautiously Optimistic' as Tampa RV Show Opens".RVBusiness. RetrievedJune 4, 2023.
  20. ^"REV Group, Inc. Acquires Renegade RV" (Press release). December 30, 2016.Archived from the original on June 5, 2019 – viaPR Newswire.
  21. ^"Rev Group acquires Midwest Automotive Designsesigns".The Fabricator. April 17, 2017. RetrievedMay 21, 2023.
  22. ^Dill, Molly (January 15, 2018)."REV Group acquires Lance Camper Adds California RV manufacturer to specialty vehicle lineup".Biz Times/Milwaukee Business News. RetrievedFebruary 9, 2018.
  23. ^"Spartan Motors Announcements".Spartan Motors. February 3, 2020. RetrievedFebruary 3, 2020.
  24. ^"Forest River acquires REV Group's shuttle bus business". RetrievedMay 13, 2020.
  25. ^"REV Group, Inc. (REVG) to Exit School and Transit Bus Manufacturing and Reorganize Into Two Reporting Segments; Announces a Special Cash Dividend".streetinsider.com. January 29, 2024. RetrievedJanuary 29, 2024.
  26. ^"REV Group Completes Sale of ENC, its Transit Bus Business - REV Corporate". October 18, 2024.
  27. ^"REV Group Sells Non-Motorized Lance Camper Business to Vision Kore as Part of Strategic Focus on Motorized RV Business - REV Corporate". June 26, 2025. RetrievedDecember 15, 2025.
  28. ^Waldschmidt, Jordanne (October 30, 2025)."Terex to Merge With Rev Group, Exit Genie Aerial Business".Equipment World.Archived from the original on November 4, 2025. RetrievedNovember 4, 2025.
  29. ^ab"Home - REV Corporate".REV Group. March 15, 2022.
  30. ^abcFine, Ariana (June 22, 2022)."City of Varennes Orders Customized Electric Rescue Truck from E-ONE".NGT News. RetrievedApril 9, 2023.
  31. ^Worford, David (December 16, 2022)."Charlotte Adds Electric Fire Truck for Sustainable Firehouse".Environment + Energy Leader. RetrievedApril 9, 2023.
  32. ^Crider, Johnna (November 17, 2021)."Mesa Fire & Medical To Receive Fully Electric Fire Truck — An E-ONE Vector".CleanTechnica. RetrievedApril 9, 2023.
  33. ^Schultz, Becky (August 29, 2022)."Toronto Fire Services orders electric Vector pumper trucks".New Power Progress. RetrievedMay 21, 2023.
  34. ^Merrill, Leila (January 23, 2023)."All-electric Vector fire truck to be part of fleet at Daytona International Speedway".FireRescue1. RetrievedApril 9, 2023.
  35. ^"E-ONE Sold To N.Y. Investment Firm".Fire Apparatus Magazine. August 1, 2008. RetrievedAugust 15, 2022.
  36. ^abAnderson, Katie (February 4, 2022)."E-One in Hamburg adds jobs to rev up fire truck manufacturing".Buffalo Business First. RetrievedAugust 15, 2022.
  37. ^Ozdemir, Derya (November 17, 2021)."E-One Is Delivering the First Fully-Electric Fire Truck in North America".interestingengineering.com. RetrievedAugust 15, 2022.
  38. ^abKirchen, Rich (September 14, 2021)."Rev Group closing plants in Virginia, Pennsylvania".Milwaukee Business Journal. RetrievedAugust 15, 2022.
  39. ^Ruber, Chris (September 11, 2021)."KME plant to close in April 202".Times News. RetrievedAugust 15, 2022.
  40. ^Reber, Chris (April 2, 2022)."KME workers put in last shift".Times News. RetrievedAugust 15, 2022.
  41. ^Baker, Mike; Farrell, Maureen; Kovaleski, Serge F. (February 17, 2025)."As Wall Street Chases Profits, Fire Departments Have Paid the Price".The New York Times.ISSN 0362-4331. RetrievedFebruary 17, 2025.
  42. ^Schuyler, David; Shafer, Dan (April 25, 2017)."Rev Group buys Louisiana fire apparatus manufacturer".Milwaukee Business Journal. RetrievedAugust 15, 2022.
  43. ^Bone, Timothy (June 1, 2017)."Here's how sale of Ferrara Fire Apparatus to affect Holden-based fire engine maker, 450 employees".The Advocate. RetrievedAugust 15, 2022.
  44. ^Stafford, Jana (November 16, 2021)."REV Fire Group plans $7.46M expansion at Holden, Louisiana, facility by 2023".BIC Magazine. RetrievedAugust 15, 2022.
  45. ^Naczek, Margaret (February 3, 2020)."REV Group Inc. acquires Spartan Emergency Response".Milwaukee Business Journal. RetrievedApril 9, 2023.
  46. ^abBoomgaard, Joe (February 5, 2020)."Spartan Motors divests fire apparatus business for $55 million".mibiz.com. RetrievedAugust 15, 2022.
  47. ^Thomas, Arthur (February 3, 2020)."REV Group acquires Spartan Motors' emergency response vehicle business".BizTimes. RetrievedAugust 15, 2022.
  48. ^"American Emergency Vehicles introduces Firstar to its lineup of emergency vehicles available at AEV dealers across the country".EMS1. January 6, 2021. RetrievedAugust 21, 2022.
  49. ^Parker, Jason (April 9, 2021)."AEV to centralize, modernize emergency vehicle plant in Jefferson, N.C."WRAL. RetrievedAugust 21, 2022.
  50. ^Shahan, Zachary (April 15, 2021)."You Can Now Buy An Electric Ambulance".CleanTechnica. RetrievedAugust 21, 2022.
  51. ^Kent, Chloe (September 28, 2021)."How hospitals and the medtech sector are tackling the climate crisis".Medical Device Network. RetrievedAugust 21, 2022.
  52. ^Mehar, Pranjal (March 16, 2022)."DocGo unveils first all-electric, zero-emission ambulance in the U.S."Inceptive Mind. RetrievedAugust 21, 2022.
  53. ^Fine, Ariana (December 13, 2021)."REV Group Signs Additional Agreements for Electric Ambulances".NGT News. RetrievedAugust 22, 2022.
  54. ^Kirchen, Rich (June 16, 2022)."Rev Group furloughs 100 employees, cites supply-chain shortfalls".Milwaukee Business Journal. RetrievedAugust 22, 2022.
  55. ^VanTryon, Matthew (December 22, 2021)."Carl Horton, IndyCar safety pioneer, dies at 87".The Indianapolis Star. RetrievedAugust 22, 2022.
  56. ^Kossler Dutton, Melissa (July 11, 2014)."Innovation drives Horton in producing ambulances".Milwaukee Business Journal. RetrievedAugust 22, 2022.
  57. ^Merrill, Leila (May 12, 2023)."7 innovative ambulance features".EMS1. RetrievedMay 21, 2023.
  58. ^"Video: Ambulance advances at FDIC 2023".EMS1. May 16, 2023. RetrievedMay 21, 2023.
  59. ^"March 9 - Decatur's REV Recreation Group, Inc. celebrates manufacturing milestone".Fort Wayne Business Weekly. March 9, 2023. RetrievedMay 21, 2023.
  60. ^"40k for Fleetwood".Decatur Daily Democrat. March 10, 2023.
  61. ^Shafer, Dan (December 30, 2016)."REV Group acquires Indiana-based Renegade RV".Milwaukee Business Journal. RetrievedAugust 28, 2022.

External links

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