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REV Group
REV Group
REV Group
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REV Group, Inc. (formerly Allied Specialty Vehicles) is an American manufacturer of ambulances, buses, commercial vehicle, firefighting vehicles, recreational vehicles and other specialty vehicles, as well as aftermarket parts and services. It provides vehicles and services for public fire departments and emergency services, as well as commercial infrastructure and leisure vehicles for consumers.

Key Information

Founded in 2010, the company encompasses 24 brands. It went public in January 2017 and is listed as REVG on the New York Stock Exchange.

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, and Fleetwood Enterprises.[3] Allied Specialty Vehicles changed its name to REV Group in November 2015[1] In January 2017, the company went public with ticker symbol REVG.[6][7]

Acquisitions and divestitures

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In September 2010, ASV acquired the assets of ambulance manufacturer Road Rescue from Spartan Motors.[8][9] REV Group purchased SJC Industries from Thor Industries in May 2013. It is a manufacturer of ambulances under the brand names McCoy Miller and Marque.[10][11] A week later, it was announced that ASV was purchasing the RV assets of Navistar International, which include Monaco, Holiday Rambler, R-Vision and the Beaver and Safari brands.[12][13] In August 2013, ASV announced the purchase of Thor Industries' bus businesses, including the ElDorado Motor Corp., National Coach, Champion Bus, and Goshen Coach companies.[14]

In April 2016, REV Group acquired fire truck manufacturer Kovatch Mobile Equipment Corp.[15] Later that year, REV Group acquired Ferrara Fire Apparatus[16][17] and Class C motorhome manufacturer[18] Renegade RV.[19] In April 2017, the company acquired sprinter van manufacturer Midwest Automotive Designs.[20]

In January 2018, REV Group acquired California-based Lance Camper. Lance was founded in 1965 and manufactures truck campers and towable RVs.[21] REV Group announced its acquisition of Spartan ER, a subsidiary of Spartan Motors, in February 2020.[22] REV Group sold its shuttle bus brands Champion, Federal Coach, World Trans, Krystal Coach, ElDorado and Goshen Coach to Forest River in May 2020.[23]

In January 2024, REV announced it would be exiting the bus manufacturing business. The company reached an agreement to sell its Collins school bus brand to Forest River for $303 million and later its ENC transit bus division to Rivaz Inc. in October for $52 million.[24][25]

Corporate structure

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REV Group has around 6,800 employees.[2] Its CEO is Mark Skonieczny.[5] 24 brands are part of REV Group's portfolio.[26]

REV Group Brands[26]
Company name Location Product lines
Commercial Vehicle Brands
Capacity Longview, Texas Terminal tractors
LayMor Longview, Texas Street sweepers
Fire Vehicle Brands
E-ONE Ocala, Florida Firefighting apparatus
Kovatch Mobile Equipment (KME) Holden, Louisiana Firefighting apparatus
Ferrara Fire Apparatus Holden, Louisiana Firefighting apparatus
Ladder Tower Company (LTC) Ephrata, Pennsylvania Ladder trucks
Smeal Fire Apparatus Snyder, Nebraska Firefighting apparatus
Spartan Emergency Response Brandon, South Dakota Firefighting apparatus
Spartan Fire Chassis Charlotte, Michigan Firefighting apparatus
Emergency Vehicle Brands
American Emergency Vehicles (AEV) Jefferson, North Carolina Ambulances (Type I, II, III)
Horton Ambulance Grove City, Ohio Ambulances (Type I, II, III)
Leader Emergency Vehicles South El Monte, California Ambulances (Type II, III)
Road Rescue Winter Park, Florida Ambulances (Type I, II, III)
Wheeled Coach Winter Park, Florida Ambulances (Type I, II, III)
Recreational Vehicle Brands
American Coach Decatur, Indiana Class A luxury motorhomes
Fleetwood Enterprises Decatur, Indiana Class A, motorhomes
Goldshield Fiberglass Decatur, Indiana Molded fiberglass manufacturing
Holiday Rambler Decatur, Indiana Class A motorhomes
Lance Camper Lancaster, California Truck campers, travel trailers
Midwest Automotive Designs Elkhart, Indiana Class B motorhomes
Renegade RV Bristol, Indiana Luxury motorhomes

Brands

[edit]

Fire

[edit]
The E-ONE Vector is an all-electric fire truck.[27]

REV Fire Group's Vector fire truck is the first full-electric North American fire truck.[27] It has been ordered in Charlotte, North Carolina,[28] Varennes, Quebec,[27] and Mesa, Arizona,[29] and Toronto, Canada,[30] and was used in the 2023 Daytona 500.[31]

E-ONE

[edit]

E-ONE was acquired by REV Group's in 2010 as its first fire apparatus manufacturer and is headquartered in Ocala, Florida.[32] According to Buffalo Business First, E-ONE manufactures "stainless steel fire trucks, mostly tankers and pumpers" and its customers include both volunteer and municipal fire departments.[33] In November 2021, E-ONE was contracted by the city of Mesa, Arizona to build the first fully-electric firetruck in North America.[34] As of February 2022, the company's Hamburg, New York plant employs around 100 people and produces around 90 trucks a year.[33]

Kovatch Mobile Equipment

[edit]

In April 2016, REV Group acquired Nesquehoning, Pennsylvania-based fire truck manufacturer Kovatch Mobile Equipment Corp (KME), which services municipal, state and federal governments.[35] KME was founded in 1946; it began by producing aircraft refueling trucks before shifting into the fire truck market in the 1980s.[36] REV Group announced that plants in Nesquehoning and Roanoke, Virginia would be closing in 2021, with KME production shifting to Holden, Louisiana.[35] The Nesquehoning plant was closed in April 2022.[37]

Ferrara Fire Apparatus

[edit]

Ferrara Fire Apparatus was acquired by REV Group on April 25, 2017.[38] The company manufactures custom fire and rescue vehicles for municipal and industrial clients.[39] The company was founded in 1979 and employs around 450 workers as of 2017, with annual sales at $165 million.[40] In November 2021, REV Group announced plans for a $7.46 million expansion of Ferrara's Holden, Louisiana manufacturing facility; the project is due to be complete in June 2023.[41]

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.[42][43] 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).[43] The company designs, manufactures, and distributes custom emergency response vehicles across Asia, North America, and South America. Prior to its acquisition, Spartan recorded $253 million in revenue for the year ending in September 2019.[44]

Ambulance

[edit]

American Emergency Vehicles (AEV) is a manufacturer of ambulance vehicles. It was acquired by REV Group in 2010.[45] and is headquartered in Jefferson, North Carolina, where it has been based for over 30 years.[46] Leader Emergency Vehicles company develops ambulance vehicles, including all-electric vehicles,[47][48] used by partners including DocGo, the first of their kind in the United States.[49] REV Ambulance Group Orlando[50] encompasses Wheeled Coach and Road Rescue.[51] Horton Emergency Vehicles was founded by Carl Horton, who was an early leader in the IndyCar safety field;[52] the company was founded in 1968 and is based in Grove City, Ohio. As of 2014, Horton employs around 400 workers and produces around 600 ambulances a year, primarily for fire departments.[53] Horton vehicles produced after April 2023 feature the MBrace, a "four-point retractable harness that includes its own airbag"[54] that can be deployed in a "fraction of a second."[55]

REV Recreation Group, Inc.

[edit]
A Collins Industries Type A school bus; Collins is the largest manufacturer of Type A buses in the United States.[56]

REV Recreation Group comprises American Coach, Fleetwood Enterprises, and Holiday Rambler. In March 2023, REV completed its 40,000th unit at its Decatur, Indiana plant.[57][58]

Renegade RV

[edit]

Renegade RV was acquired by REV Group in 2016; as of December 2016, it has 175 employees and is based in Bristol, Indiana. The company manufactures recreational vehicles, trailers, and specialty vehicles.[59]

Lance Camper

[edit]

Lance Camper was acquired by REV Group in January 2018.[60] The company is based in Lancaster, California and manufactures campers and travel trailers.[61] In March 2022, Lance Camper announced plans to create a new manufacturing facility in Decatur, Indiana, which will employ an estimated 120-140 people, with economic assistance of up to $1.4 million from the Indiana Economic Development Corporation.[62] In April 2023, Lance entered the overland camper market with the Enduro Off-Road Trailer.[63]

Commercial

[edit]

REV Group's commercial division includes several companies. ENC (formerly known as ElDorado National) was founded in 1981. ENC manufactures heavy-duty buses for mass transit, airport and university applications. It retrofits and modifies vehicles for both retail and commercial customers, as well as government agencies; the company lowers the floors of minivans so that they can be wheelchair-accessible.[64] In December 2022, the first orders were received for ENC's newest electric and hydrogen fuel cell busses.[65]

Collins Industries was founded in 1967 and is based in South Hutchinson, Kansas. It employs over 5,000 workers as of October 2016.[66] It manufacturers Type-A school buses and activity buses,[67] and is the largest manufacturer of Type A buses in the country.[56] LayMor Sweepers and Capacity Trucks are headquartered in Longview, Texas and manufacture street sweepers and yard trucks, respectively.[68] Capacity unveiled a hydrogen-fuel cell terminal tractor in February 2023[69] and a battery electric vehicle in May 2023 at ACT Expo in Anaheim, California.[70]

References

[edit]
[edit]
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REV Group

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from Grokipedia
REV Group, Inc. is an American manufacturer specializing in the design, production, and distribution of specialty vehicles, related aftermarket parts, and services, primarily serving customers . Headquartered in , the company operates through two main business segments: Specialty Vehicles, which includes fire apparatus, ambulances, and commercial infrastructure vehicles such as terminal trucks and municipal sweepers; and Recreational Vehicles, encompassing Class B vans through Class A motorhomes. The company traces its origins to 2010, when American Industrial Partners formed Allied Specialty Vehicles by combining four portfolio companies in the specialty vehicle sector. In 2015, Allied Specialty Vehicles was renamed REV Group to reflect its expanded portfolio of industry-leading brands, many of which pioneered their respective product categories and date back over 50 years. REV Group went public in January 2017 via an on the under the REVG, marking its transition to a publicly traded entity with a focus on growth through strategic acquisitions and operational enhancements. Today, REV Group encompasses over two dozen brands that collectively address critical needs in public safety, recreation, and commercial applications, with a mission to deliver reliable vehicles that enhance community safety and . Its Specialty Vehicles segment supports essential services like and response, while the Recreational Vehicles segment caters to the growing demand for solutions. On October 30, 2025, REV Group announced a merger agreement with Corporation, expected to close in the first half of 2026, creating a leading specialty equipment manufacturer. The company has demonstrated resilience in recent years, reporting strong financial performance in fiscal 2025, including a record backlog in its fire and product lines amid increased investments.

History

Formation and early development

REV Group traces its origins to the formation of Allied Specialty Vehicles (ASV) in 2010, when (AIP) merged four of its portfolio companies to create a diversified platform in the specialty vehicle sector. The merger combined E-ONE, Inc., a manufacturer of fire apparatus; Collins Industries, Inc., a producer of school buses and ambulances; Halcore Group, Inc., a provider of ambulances and emergency vehicles under the brands Horton, Wheeled Coach, American Emergency Vehicles, and Leader Emergency Vehicles; and the motorized () assets of Enterprises, Inc. This consolidation, announced on August 24, 2010, generated approximately $1 billion in annual revenue and positioned ASV as a leading North American manufacturer in fragmented markets. Shortly after formation, on September 20, 2010, ASV acquired Road Rescue, a manufacturer of premium Type I and Type III ambulances, from Spartan Motors, Inc. ASV's initial focus centered on designing, engineering, and producing specialty vehicles, including ambulances, fire apparatus, recreational vehicles such as Class A and C motorhomes, Type A buses, and industrial equipment like terminal trucks and street sweepers. The company's product portfolio leveraged the established brands from the merged entities, such as E-ONE for custom fire trucks, Wheeled Coach for modular ambulances, Collins for school and shuttle buses, and for luxury RVs, enabling targeted service to municipal, commercial, and consumer markets. Early efforts emphasized maintaining brand autonomy while pursuing cross-selling opportunities and efficiencies across these segments. Following the merger, ASV undertook operational integrations to streamline production and enhance competitiveness, including shared , collaborations, and facility optimizations across its U.S.-based operations. Core manufacturing facilities were established at legacy sites, such as Collins Industries in , for bus assembly; E-ONE in , for fire apparatus; Wheeled Coach in , for ambulances; Road Rescue in Summerford, Ohio; and Fleetwood's motorhome plant in . These integrations aimed to reduce costs and improve delivery times without disrupting established product lines, fostering a unified platform for future growth. By 2014, expansions like the $2 million investment in the Winter Park facility underscored ongoing commitments to scaling emergency vehicle production. Leadership during ASV's formative years was anchored by Randall Swift, who served as president and CEO from the outset, drawing on his prior experience with AIP through Collins Industries to guide the integration. Division presidents retained their roles to preserve operational expertise, including Peter Guile at E-ONE, John Draheim at RV, Robert Collins at Wheeled Coach, Kent Tyler at Collins Bus, Mark VanArnam at American Emergency Vehicles, Phillip Ford at Capacity and Lay-Mor, and Gary Hunter at Leader Emergency Vehicles. Transitions included the 2013 formation of a dedicated Bus Division under Tyler's expanded and, by 2015, the appointment of Tim Sullivan as president and CEO amid a rebranding to REV Group, Inc., to better reflect the company's evolving identity.

Initial public offering

In November 2015, Allied Specialty Vehicles, Inc. rebranded to REV Group, Inc., a change effective that aimed to better reflect the company's expanding portfolio of specialty vehicle brands and its ongoing growth strategy. As part of its preparations for entering public markets, REV Group focused on financial restructuring to strengthen its , including plans to redeem $200 million of its 8.500% Senior Secured Notes due 2019 and repay outstanding borrowings under its facility using anticipated IPO proceeds. The company also rationalized its operations by emphasizing three core business segments—Fire & Emergency, Commercial, and —to streamline its structure ahead of the listing. REV Group launched its on January 26, 2017, with shares beginning to trade on the under the ticker REVG the following day; the offering closed on February 1, 2017, after selling 12.5 million shares at $22 per share. This generated gross proceeds of $275 million, or approximately $254 million in net proceeds after discounts, commissions, and other expenses. On its debut trading day, REV Group's stock rose 14% above the IPO price, contributing to an initial of around $1.4 billion based on the offering price and total . To align with standards, the firm adjusted its governance practices, including shifting its fiscal year-end to October 31 starting in 2017. Following the IPO, REV Group pursued further growth through targeted acquisitions.

Key acquisitions

REV Group's expansion strategy from 2013 to 2020 heavily relied on strategic acquisitions that broadened its portfolio across specialty vehicle segments, particularly in recreational vehicles (RVs), fire and emergency apparatus, and commercial buses. These buyouts targeted established brands to enhance capabilities, capture in niche markets, and achieve operational synergies through shared supply chains and distribution networks. By integrating complementary technologies and customer bases, REV Group solidified its position as a diversified leader in the specialty vehicle industry. In May 2013, REV Group, through its Allied Specialty Vehicles subsidiary, acquired SJC Industries from for an undisclosed amount, bolstering its ambulance manufacturing with brands like Marque and McCoy Miller. This move enhanced REV's segment by adding specialized production expertise, allowing for expanded product lines and improved in municipal and healthcare transport markets. The acquisition aligned with REV's goal of in , leveraging SJC's established dealer network for immediate revenue synergies. Also in 2013, REV Group purchased the RV assets of Monaco Coach and from Navistar International in May, marking its entry into the motorized RV market. These iconic brands, known for luxury Class A and C motorhomes, brought established and design capabilities, enabling REV to quickly scale production and gain a foothold in the premium RV sector, which was experiencing robust demand. The deal facilitated synergies with REV's existing and component suppliers, reducing costs and accelerating product innovation for high-end recreational users. Later that year, in November 2013, REV Group acquired ' bus businesses, including ElDorado National (California), for approximately $100 million. This purchase diversified REV's offerings with cutaway and manufacturing, capturing significant market share in school and sectors. The integration of ElDorado's facilities and workforce provided REV with advanced assembly techniques and expertise, fostering cross-segment efficiencies in parts sourcing and aftermarket services. To strengthen its fire apparatus division, REV Group acquired Kovatch Mobile Equipment (KME) in 2016 for $39.6 million. KME's expertise in custom trucks and rescue vehicles expanded REV's portfolio with pumper and aerial apparatus lines, increasing its competitive edge in the $3 billion U.S. market. The acquisition enabled shared R&D for innovations and dealer expansions, driving growth through combined brand strengths. In April 2017, REV Group bought Fire Apparatus from Merit Capital Partners for an undisclosed sum, further fortifying its fire and emergency segment with Ferrara's custom pumper and tanker designs. This addition enhanced REV's ability to serve diverse fire departments by integrating Ferrara's in ergonomic cabs and modular builds, resulting in operational synergies like consolidated and a broader national footprint. The deal contributed to REV's leadership in fire customization, aligning with rising demand for specialized apparatus. December 2016 saw REV Group acquire Renegade RV, a producer of luxury custom motorhomes and trailers, for an undisclosed amount. Renegade's heavy-duty expertise complemented REV's motorized RV brands, enabling entry into the high-margin and off-road RV niche. Synergies arose from shared manufacturing platforms and marketing channels, boosting REV's appeal to affluent recreational consumers and expanding its segment revenue. In April 2017, REV Group acquired Midwest Automotive Designs, a custom van upfitter, enhancing its specialty conversion capabilities for RVs and commercial shuttles. This move added luxury and tour van production, increasing market reach in the $45 million operation and allowing for cross-pollination of technologies with REV's broader portfolio. The integration supported growth in personalized segments through enhanced customization options. REV Group's January 2018 acquisition of Camper for $77.3 million marked its debut in the towable RV market, adding truck campers and travel trailers to its lineup. Lance's lightweight, durable designs targeted the growing $10 billion towables sector, providing synergies in dealer networks and supply chains with REV's motorized offerings. This expanded REV's recreational portfolio, capturing new customer demographics and driving diversified growth. Finally, in February 2020, REV Group acquired Spartan Emergency Response from Spartan Motors for $55 million, gaining custom trucks, ambulances, and manufacturing. This bolstered REV's and capabilities, integrating Spartan's advanced for improved performance and safety features. The deal enhanced market share through combined brands like Spartan and REV's existing lines, yielding efficiencies in production scaling and global distribution.

Divestitures and strategic changes

In May 2020, REV Group sold its businesses—including the brands Bus, Federal Coach, World Trans, Krystal Coach, ElDorado, and Goshen Coach—to Forest River for approximately $54 million. This transaction enabled the company to streamline its portfolio by exiting lower-margin shuttle operations and redirecting proceeds toward debt reduction and investment in specialty vehicles. On January 29, 2024, REV Group announced a major strategic reorganization, including its full exit from and manufacturing amid shifting market dynamics and profitability pressures. As part of this initiative, the company completed the sale of its subsidiary, Collins Bus Corporation, to Forest River for $303 million in cash on January 26, 2024. Later, on October 18, 2024, REV Group finalized the sale of its remaining operations at ElDorado National-California (ENC) to Rivaz, Inc., for approximately $52 million, marking a complete divestiture from the bus sector. These divestitures had significant operational impacts, including workforce reductions and facility closures tied to bus production. Notably, the wind-down of ENC led to the shuttering of its , plant and approximately 425 layoffs. The moves generated over $350 million in net cash proceeds, which REV Group used to repay debt and return capital to shareholders via a special $3.00 per share . On June 26, 2025, REV Group sold Lance Camper Mfg. Corp., its non-motorized travel trailer and truck camper manufacturing business, to Vision Kore Inc. for an undisclosed amount, as part of its strategy to focus on motorized recreational vehicles. Strategically, the actions represented a pivot toward higher-margin core businesses in fire and emergency vehicles, commercial specialty vehicles, and recreational vehicles, with the company reorganizing into two streamlined reporting segments: Specialty Vehicles and Recreation. This refocus aimed to enhance operational efficiency and long-term profitability by concentrating resources on segments with stronger growth potential and margins. In 2025, REV Group announced a proposed merger with Terex, signaling continued evolution in its strategic direction.

Recent merger announcement

On October 30, 2025, REV Group, Inc. and Corporation, a diversified industrial manufacturer, announced a definitive agreement for a strategic merger to create a leading specialty equipment company. The merger is structured as a stock-and-cash transaction, in which REV Group shareholders will receive 0.9809 shares of the combined company and $8.71 in cash per REV share, resulting in approximately $425 million in total cash consideration. This implies an ownership split of approximately 58% for shareholders and 42% for REV shareholders in the combined entity, which is expected to have a total enterprise value of about $9 billion and net sales of $7.8 billion in 2025. The combined company will emphasize resilient sectors such as emergency vehicles, , utilities, environmental services, and materials processing equipment, including aerial work platforms and specialty vehicles. The transaction is projected to generate $75 million in annual run-rate synergies by , with about 50% realized within 12 months of closing, driven by expanded product lines in areas like fire ladders and mobile equipment. These synergies stem from operational efficiencies and opportunities, including the integration of Terex's Genie access equipment with REV Group's fire chassis to enhance offerings in emergency and access solutions. Terex has also announced plans to exit its Aerials segment through a sale or spin-off post-merger, allowing the combined entity to concentrate on core growth areas. The merger awaits approval from both companies' shareholders and regulatory authorities, with closing anticipated in the first half of 2026. This deal builds on prior divestitures by both firms, such as Terex's exits from mobile cranes and construction businesses, enabling a sharper focus on high-margin specialty segments.

Corporate affairs

Leadership and governance

Mark Skonieczny has served as President and of REV Group since May 2023, bringing extensive experience in and from prior roles including and Corporate Controller at PLC and 17 years in various positions at International PLC. Skonieczny, a who began his career at Coopers & Lybrand, previously held the position of at REV Group from 2021 to 2023 before his promotion to CEO. The executive leadership team includes Senior Vice President and Chief Financial Officer Amy Campbell, who oversees financial strategy and reporting since her appointment in April 2024 after serving as CFO of ASC Engineered Solutions and in senior finance roles at BrandSafway and Caterpillar Inc. Segment presidents manage the core business units: Mike Virnig leads the Fire & Emergency Vehicles segment as President since April 2023, focusing on operational efficiency in specialty vehicle production; Gary Gunter was promoted to President of the Recreational Vehicles segment in June 2025, succeeding Mike Lanciotti and emphasizing sales and aftermarket support; and Brian Perry serves as President of the Commercial Vehicles segment, overseeing brands like Capacity and Laymor. REV Group's consists of eight members as of October 2024, including the CEO and seven independent directors with expertise in industrials, finance, and governance; notable independents include David C. Dauch, appointed in October 2024 with a background in automotive from & Manufacturing (AAM), and Maureen O'Connell, Chair of the Audit Committee since 2023 with financial oversight experience from roles including EVP and CFO at and President and COO at . Other recent additions, such as Cynthia Augustine in May 2024, bring talent management and strategy insights from McCann Worldgroup and FCB Global (Interpublic Group). Governance practices emphasize environmental, social, and governance (ESG) initiatives, overseen by the Nominating and Corporate Governance Committee, with the Board receiving annual ESG training and prioritizing sustainability reporting aligned with standards. The Board promotes diversity, achieving 16.7% women representation as of early 2024, and maintains a compliance hotline that handled 37 reports that year, ensuring adherence to listing standards established following the company's 2017 . As of November 2025, there have been no major executive transitions, though internal promotions such as Gunter's in the recreational segment and Linas Polteraitis to Chief Supply Chain Officer in June reflect ongoing . Preparations for the announced merger with Corporation, revealed on October 30, 2025, include leadership integration planning, with CEO Simon Meester slated to become President and CEO of the combined entity upon closing in the first half of 2026, leveraging strengths from both teams while REV's current leadership supports the transition; the post-merger board will consist of 12 directors (7 from , 5 from REV).

Headquarters and global operations

REV Group's corporate headquarters is located in , where centralized administrative functions were established following its in 2017 to support its growing operations as a publicly traded entity. The company maintains a network of over 20 manufacturing facilities across the , spanning 14 states and focused on producing specialty vehicles for its core segments. Key sites include plants in , for E-ONE fire apparatus; Nesquehoning and (prior to production shifts), and , associated with KME fire trucks; Holden, Alabama, for Ferrara custom fire apparatus; and , for Lance Camper recreational vehicles. These facilities enable specialized production, such as custom chassis builds and aftermarket services, with additional remount centers in , and , to extend vehicle lifespans. REV Group's international operations remain limited, with a primary focus on U.S.-based and assembly, supplemented by exports of and emergency vehicles to markets including , select European countries, and the . These exports leverage U.S.-style compatibility to serve international services and municipal needs without extensive overseas production facilities. The company's supply chain relies on strategic partnerships with major chassis suppliers, such as Freightliner and Navistar International, to source components for custom vehicle builds across its emergency and commercial lines. These collaborations ensure access to reliable heavy-duty platforms, including Freightliner and International models, which are integral to ambulances and fire apparatus production. In 2024, REV Group underwent significant divestitures that impacted its operational footprint, including the sale of its Collins Bus Corporation business—primarily based in —to Forest River Bus, LLC, in January, and the sale of its transit bus business, ElDorado National (California), Inc. (ENC), to Rivaz, Inc., completed on October 18, 2024. These actions reduced the company's manufacturing presence by exiting non-core bus segments, streamlining focus on fire, emergency, and recreational vehicles.

Workforce and employee data

As of fiscal year 2024, REV Group employs approximately 5,700 worldwide, a reduction from around 6,700 prior to the divestitures of its units, Collins Bus Corporation and ElDorado National (), Inc., in 2024. These exits streamlined the company's focus on specialty, recreational, and commercial vehicles, resulting in adjustments concentrated in those former segments. The employee base is distributed across key functions, with a significant majority involved in operations at 17 U.S.-based facilities, alongside roles in and research & development, sales and service, and administrative support. This structure enables efficient production of customized vehicles, with personnel handling assembly and , while teams drive in vehicle design. REV Group emphasizes positive and employee safety, particularly in vehicle assembly environments, through comprehensive training programs such as the annual Fire Truck Training Conference, which in 2024 served over 400 participants with 50 specialized courses on safe practices. The company's Policy affirms respect for employees' rights to organize or join labor unions without , though specific union representation varies by location. Diversity and inclusion efforts are integral to REV Group's workforce strategy, with women representing about 20% of employees and minorities comprising 34% as of 2024. The company actively promotes veteran hiring, recruiting 128 veterans in the latest reporting period and earning designation as a 2025 Bronze Military Friendly Employer, aligning with its focus on production that benefits from military expertise. Compensation and benefits are designed to attract and retain talent in a competitive sector, with average annual around $65,000 and comprehensive packages including medical, dental, and vision coverage; a plan with up to 4% company match; ; and stock options available to employees as a publicly traded . In light of the October 2025 merger announcement with Corporation, REV Group has indicated potential adjustments to wage structures to support integration and operational synergies. This workforce underpins REV Group's global operations in designing and essential vehicles.

Business segments

Fire and emergency vehicles

REV Group's Fire and Emergency Vehicles segment is a leading U.S. producer of custom fire trucks, rescue vehicles, and , primarily serving municipal fire departments, , and industrial clients. The segment designs and manufactures a diverse range of apparatus, including pumpers, aerial ladders, tankers, wildland units, and various types, emphasizing , durability, and customization to meet specialized operational needs. Key fire apparatus brands under the segment include E-ONE, which specializes in custom pumpers and aerials produced at its facility in ; Kovatch Mobile Equipment (KME), focusing on mobile fire units manufactured in ; Ferrara, known for tankers and pumpers built in ; Ladder Tower Company (LTC), dedicated to aerial platforms in ; Smeal Fire Apparatus, providing custom chassis builds; and Spartan Emergency Response, offering integrated fire and rescue vehicles on Spartan chassis from its operations. These brands collectively deliver innovative solutions for urban, rural, and specialized applications. The ambulance portfolio features brands such as American Emergency Vehicles (AEV), producing modular Type III ambulances in ; Horton, manufacturing medium-duty ambulances in ; Leader, specializing in Type I urban ambulances; Road Rescue, offering modular Type II and Type III models in ; and Wheeled Coach, the high-volume producer of Type III ambulances in . These offerings cater to a broad spectrum of EMS requirements, from urban response to critical care transport, with an emphasis on ergonomic design and features. Innovations in the segment include the development of electric and hybrid fire trucks, exemplified by the E-ONE Vector, an all-electric pumper designed for zero-emission operations and enhanced . REV Group also incorporates , such as recycled components in tires and high-strength steel, to reduce vehicle weight while maintaining structural integrity and improving . Aftermarket parts and services, including remounts and , support vehicle longevity and generate a significant portion of the segment's revenue through dedicated centers in and . In the U.S. market, REV Group commands approximately 30% share in fire apparatus production, positioning it as the dominant player amid industry consolidation. The segment's fiscal 2025 sales are projected to contribute substantially to the company's overall net sales guidance of $2.4 billion to $2.45 billion, driven by strong backlog and demand for specialty . Many fire and emergency units integrate chassis sourced from REV Group's Commercial Vehicles segment for optimized performance and reliability.

Recreational vehicles

REV Recreation Group, Inc., a of REV Group, Inc., specializes in the , , and distribution of motorized recreational vehicles tailored for and adventure markets, including Class A, Class B, and Super C motorhomes, as well as custom conversion vans. The segment targets RVers seeking high-quality, durable vehicles for extended travel, emphasizing innovation in construction and amenities to enhance in domestic U.S. and Canadian markets. Key brands within the portfolio include American Coach and , which produce luxury Class A diesel pusher motorhomes known for premium interiors, advanced , and high-end features like full-body paint and spacious floorplans. Fleetwood RV offers mid-range Class A and Class B gas motorhomes, providing versatile options for families and couples with models featuring slide-outs, entertainment systems, and efficient layouts. Renegade RV focuses on custom luxury expedition vehicles, including adventure-oriented Super C motorhomes built on heavy-duty for off-road capability and rugged terrain. Midwest Automotive Designs specializes in Class B conversion vans, transforming into upscale adventure vehicles with modular interiors for personalized use. In June 2025, REV Group divested its non-motorized Camper business to Vision Kore, Inc., sharpening its focus on motorized RVs. Goldshield Fiberglass, a key supplier within the segment, manufactures molded components and composite panels used in RV body across REV's brands, ensuring , durable exteriors resistant to and wear. Product offerings highlight off-grid capabilities, such as integrated systems, lithium battery packs, and inverter technologies, enabling extended boondocking without external power sources; for example, Renegade models incorporate solar arrays up to 1,000 watts for self-sustaining operations. Smart technology integration includes controls for , , and , alongside extensive customization options like cabinetry, , and upgrades to meet individual preferences. The recreational vehicles segment has experienced growth in the overland and adventure RV niche following the post-2020 surge in outdoor travel demand spurred by the , with REV's brands capitalizing on this trend through rugged, tech-enhanced models. The segment reflects steady recovery and focus on premium motorized products amid stabilizing market conditions. Manufacturing leverages shared commercial chassis for in select models, supporting in production.

Commercial vehicles

The Commercial vehicles segment of REV Group specializes in non-emergency specialty trucks and equipment tailored for industrial, municipal, and applications, with a post- focus on niche builds following the divestiture of its full-size and shuttle operations. This segment provides terminal trucks, yard hostlers, and industrial sweepers designed for demanding environments such as ports, rail yards, warehouses, and urban maintenance. Retaining aftermarket parts and service support for legacy products, the segment emphasizes durable, customizable solutions that enhance for commercial fleets. Key brands within the segment include Capacity Trucks, headquartered in , which produces heavy-duty yard trucks and hostlers optimized for and handling in intermodal facilities, ports, and distribution centers. These vehicles feature robust frames capable of towing up to 170,000 pounds gross combination weight rating and are built for 24/7 operations in high-volume settings. Complementing this, LayMor, also based in , manufactures mechanical broom sweepers, including regeneration models like the SweepMaster 450-ST, for street cleaning, maintenance, and construction site debris removal. LayMor's sweepers incorporate systems and high-capacity hoppers to support municipal and contractor needs in urban and industrial areas. Product lines encompass a range of utility-focused vehicles, such as high-capacity terminal tractors from Capacity for seamless trailer spotting and maneuvering, and custom chassis options that can be adapted for specialized integrations, including those used in fire and emergency applications. LayMor's offerings include versatile sweepers with options for turf, road, and parking lot use, prioritizing ease of maintenance and operator safety. Innovations in the segment highlight and fleet optimization, with Capacity introducing zero-emission battery electric and electric trucks to reduce carbon footprints in operations. These models, powered by advanced lithium-ion or systems, offer extended range for and duties while maintaining the and reliability of diesel counterparts. Additionally, CapacityVision provides real-time monitoring of engine diagnostics, driving patterns, and fault codes to enable and maximize vehicle uptime. LayMor sweepers incorporate efficient regeneration systems that recycle airflow for dust control, aligning with environmental standards for municipal fleets. The segment primarily serves clientele in , including municipalities for street maintenance, logistics firms operating in ports and rail terminals, and companies requiring reliable support vehicles. These solutions are deployed across key economic hubs to facilitate essential commercial activities, from cargo transport to .

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