REV Group, Inc. acquired Lance Camper Manufacturing Corporation for $77.3 million.
January 12, 2018
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REV Group, Inc. (NYSE:REVG) acquired Lance Camper Manufacturing Corporation for $77.3 million on January 12, 2018. As per the agreement, consideration paid includes $61.3 million, net of cash acquired $6 million and additional $10 million payable in the form of deferred purchase price of $5 million on each of the 12 and 24 month anniversary dates of the acquisition date as per the agreement terms. The transaction was funded through REV Group’s revolving credit facility. Lance Camper generates approximately $100 million in annual revenue. Post-acquisition, Lance Camper will continue to be led by its founders, Jack Cole and Jeff Souleles.
REV Group, Inc. (NYSE:REVG) completed the acquisition of Lance Camper Manufacturing Corporation on January 12, 2018.
REV Group, Inc. is engaged in designing and manufacturing specialty vehicles and related aftermarket parts and services. The Company operates through two segments: Specialty Vehicles and Recreational Vehicles. The Company provides customized vehicle solutions for applications, including essential needs for public services (ambulances and fire apparatus), commercial infrastructure (terminal trucks and industrial sweepers) and consumer leisure (recreational vehicles). It sells fire apparatus equipment under the Emergency One, Kovatch Mobile Equipment, Ferrara and Spartan Emergency Response, which consists of Spartan Emergency Response, Smeal, Spartan Fire Chassis, and Ladder Tower brands, and ambulances under the American Emergency Vehicles, Horton Emergency Vehicles, Leader Emergency Vehicles, Road Rescue and Wheeled Coach brands. The Recreational Vehicles segment serves the RV market through the principal brands: American Coach, Fleetwood RV, Holiday Rambler, Renegade RV, and others.
REV GROUP, INC. 
