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

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.