Skip to main content

Wired News – REV Group Purchases Lance Camper

LONDON, UK / ACCESSWIRE / January 17, 2018 / Active-Investors.com has just released a free research report on REV Group, Inc. (NYSE: REVG) ("REV"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=REVG as the Company's latest news hit the wire. On January 12, 2018, the Company declared that it has signed an agreement to acquire Lance Camper Manufacturing Corp. ("Lance Camper"). The financial details of the transaction remained undisclosed. Following the acquisition, Lance Camper's Founders, Jack Cole and Jeff Souleles, will continue to lead the Company. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, REV Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=REVG

Strategic Benefits of the Acquisition

This agreement will add Lance Camper's premium portfolio of truck campers, towable campers, and toy haulers to REV's existing suite of motorized offerings, thereby providing the latter an opportunity to enter the rapidly growing, over $10 billion towables segment of the RV market. Lance Camper can also leverage REV's scale and footprint in the RV industry to rapidly expand its distribution and further accelerate its growth.

REV Formed a Strategic Alliance with Daimler Buses

On January 04, 2018, REV's subsidiary, REV Coach LLC, was awarded the Daimler AG's bus division North American sales rights to Setra Brand Coaches ("Setra"). Beginning January 2018, REV will be responsible for selling Setra motor coaches in the US and Canada. REV Coach succeeds touring coach manufacturer Motor Coach Industries International Inc. as Daimler Buses general distributor in North America. Motor Coach Industries International Inc. will remain in charge of after-sales service until June 29, 2018. Starting July 01, 2018, REV Coach will also be responsible for Setra's after-sales service. In addition to distribution of Setra coaches, the parties also agreed to a strategic partnership to jointly explore further opportunities in the North American market in the future.

REV's Acquisition Deals in 2017

  • On April 13, 2017, REV purchased Midwest Automotive Designs, a leading custom van ‘upfitter' that developed and manufactured luxury vehicles for end segments including motorhomes, shuttle vans, limousines, and customized executive transportation vehicles. This acquisition enhanced REV's product offerings in both its Recreation and Commercial segments through the RV and bus divisions, by adding a selection of Class B RVs and multiple products for the luxury Limousine, Charter, and Tour Bus markets, respectively.
  • On April 25, 2017, the Company acquired Ferrara Fire Apparatus, Inc. The Ferrara product portfolio included multiple fire apparatus configurations tailored to the specific requirements and demands of the fire service industry. This acquisition enhanced REV's product offering in its Fire Group within its Fire & Emergency segment, particularly with custom chassis pumpers, aerials, and industrial apparatus.

About REV Group, Inc.

Founded in 2010 and headquartered in Milwaukee, Wisconsin, REV is a leading designer, manufacturer, and distributor of specialty vehicles and related aftermarket parts and services. The Company serves a diversified customer base primarily in the United States through its three segments, namely (i) the Fire & Emergency segment, (ii) the Commercial segment, and (iii) the Recreation segment.

About Lance Camper Manufacturing Corp.

Established in 1965, Lance Camper designs, engineers, and manufactures its lineup of innovative, high quality, and customer-centric products from its state-of-the-art campus in Lancaster, California. The Company has built a tremendous reputation as a leader in the towable RV industry and has the number one selling truck camper in the US. Lance Camper employs over 550 associates and generates approximately $100 million in annual revenue.

Stock Performance Snapshot

January 16, 2018 - At Tuesday's closing bell, REV Group's stock marginally fell 0.95%, ending the trading session at $31.39.

Volume traded for the day: 532.75 thousand shares.

Stock performance in the last month – up 14.90%; previous three-month period – up 15.74%; and past six-month period – up 21.20%

After yesterday's close, REV Group's market cap was at $2.01 billion.

Price to Earnings (P/E) ratio was at 66.50.

The stock has a dividend yield of 0.64%.

The stock is part of the Consumer Goods sector, categorized under the Recreational Vehicles industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.