.
MergerLinks Header Logo

New Deal


Announced

Completed

Forest River completed the acquisition of the Shuttle Bus Businesses of American Industrial Partners-backed REV Group for $49m.

Financials

Edit Data
Transaction Value£39m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private Equity

Automobiles

United States

Private

Acquisition

Single Bidder

Majority

Completed

shuttle buses

Friendly

Synopsis

Edit

Forest River, a US manufacturer of recreational vehicles, cargo trailers, utility trailers, pontoon boats, and buses, completed the acquisition of the Shuttle Bus Businesses of American Industrial Partners-backed REV Group, designer, manufacturer, and distributor of specialty vehicles, for $49m. "We continue to review our businesses and align the portfolio to achieve our strategic objectives and create shareholder value. The divestiture of our shuttle bus business provides an opportunity to improve our portfolio profitability, reduce debt and renew our focus on reducing our leverage. We are committed to improving our operations to achieve best-in-class performance in each of our business segments. I appreciate the hard work and dedication of our shuttle business employees and wish them success," Rod Rushing, President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US