REV Group a company in the design, manufacture, and distribution of specialty vehicles, along with related aftermarket parts and services, has officially unveiled the launch of an underwritten secondary public offering of common stock, according to a press release.
The offering is contingent upon market conditions, among other factors, and is subject to customary closing conditions.
REV Group operations are segmented into specialty vehicles and recreational vehicles, catering to a broad customer base primarily within the United States. REV Group provides vehicle solutions tailored to a variety of applications. These range from essential public services, including ambulances, fire apparatus, and transit buses, to commercial infrastructure needs like terminal trucks and industrial sweepers, as well as consumer leisure through recreational vehicles.
This offering encompasses 7,395,191 shares of the company’s common stock by the American Industrial Partners Capital Fund IV, LP, and American Industrial Partners Capital Fund IV (Parallel), LP. Additionally, it is composed entirely of shares from the selling stockholders. Consequently, REV Group will not receive any financial proceeds from the sale of these shares.
The company’s brand portfolio is diverse, featuring many well-recognized names in the industry, some of which have pioneered their respective specialty vehicle categories for over five decades. REV Recreation Group offers a wide array of products ranging from recreational vehicles to advanced molded fiberglass and lamination solutions. The company enhances its product offerings with an online warehouse for genuine parts, alongside two modern service and repair centers strategically located from Lancaster, California, to Bristol, Indiana.
This geographical spread allows REV Recreation Group to effectively serve a national customer base, providing everything from custom Class B sprinter vans and luxurious Class C/Super C motorhomes to opulent Class A motor coaches, along with travel trailers and truck campers.
Whether customers are in search of the compact agility of Class B vans, the enhanced space and comfort of Class C/Super C motorhomes, or the unparalleled luxury of Class A motor coaches, REV Recreation Group showcases vehicles that meet a wide range of needs and preferences.