Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  REV Group, Inc.    REVG

REV GROUP, INC.

(REVG)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

REV Group : Acquires Lance Camper

share with twitter share with LinkedIn share with facebook
01/12/2018 | 04:16pm EDT

Acquisition Adds Comprehensive Towable Product Lineup to Enter Large, Rapidly Growing Segment and Expands REV’s Iconic Family of Brands

REV Group (NYSE: REVG), a $2.3 billion manufacturer of industry-leading specialty vehicle brands and leading provider of parts and services, today announced the acquisition of Lance Camper Manufacturing Corporation (“Lance Camper” or the “Company”). This acquisition enables REV to meaningfully enter the rapidly growing over $10 billion towables segment of the RV market by adding Lance Campers’ premium portfolio of truck campers, towable campers and toy haulers to REV’s existing suite of motorized offerings.

Founded 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, CA. Throughout its over 50-year history, the Company has built a tremendous reputation as a leader in the towable RV industry. Lance Camper has the number one selling truck camper in the U.S. and has won the National RV Dealer Association’s prestigious Quality Circle Award 16 years running. The Company employs over 550 associates and generates approximately $100 million in annual revenue.

After the acquisition, Lance Camper will continue to be led by its innovative founders, Jack Cole and Jeff Souleles. “We’re thrilled to be joining REV’s iconic family of brands,” said Jack Cole, President of Lance Camper, “We look forward to leveraging REV’s scale and footprint in the RV industry to rapidly expand our distribution and further accelerate our growth. We’re an excellent fit given REV’s strong commitment to providing its dealers and customers with premium quality, brand leadership, and continuous innovation, all of which align well with our culture and ambition.”

“We are absolutely delighted to welcome Jack, Jeff, and the entire Lance Camper team into the REV family,” said Tim Sullivan, REV Group CEO. “This acquisition is well aligned across all of our acquisition criteria. Lance Camper adds one of the highest quality towable lines in the U.S. and provides a significant new avenue of growth in our RV segment.”

The acquisition of Lance Camper was closed on January 12, 2018.

About Rev Group

REV (NYSE: REVG) is a leading designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. We serve a diversified customer base primarily in the United States through three segments: Fire & Emergency, Commercial and Recreation. We provide customized vehicle solutions for applications including: essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles (“RVs”) and luxury buses). Our brand portfolio consists of 30 well-established principal vehicle brands including many of the most recognizable names within our served markets. Several of our brands pioneered their specialty vehicle product categories and date back more than 50 years. Investors-REVG


© Business Wire 2018
share with twitter share with LinkedIn share with facebook
Latest news on REV GROUP, INC.
06/24REV : Honors First Responders With Tribute at the REV Group Grand Prix
BU
06/15REV GROUP, INC. : Change in Directors or Principal Officers (form 8-K)
AQ
06/15REV : Appoints Mark A. Skonieczny Jr. Chief Financial Officer as Dean Nolden Dep..
BU
06/08REV : Management's Discussion and Analysis of Financial Condition and Results of..
AQ
06/08REV GROUP, INC. : Results of Operations and Financial Condition, Financial State..
AQ
06/08REV GROUP, INC. : Reports Fiscal 2020 Second Quarter Results
BU
06/03REV GROUP, INC. : half-yearly earnings release
05/21REV : Horton appoints mercy sales for michigan
PU
05/20REV GROUP : to Release Second Quarter 2020 Earnings on Monday, June 8, 2020
BU
05/19REV : Fire group announces two senior appointments
PU
More news
Financials (USD)
Sales 2020 2 254 M - -
Net income 2020 -24,4 M - -
Net Debt 2020 315 M - -
P/E ratio 2020 -31,5x
Yield 2020 2,51%
Capitalization 379 M 379 M -
EV / Sales 2019
EV / Sales 2020 0,31x
Nbr of Employees 8 040
Free-Float 42,2%
Chart REV GROUP, INC.
Duration : Period :
REV Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends REV GROUP, INC.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 7,74 $
Last Close Price 5,98 $
Spread / Highest target 83,9%
Spread / Average Target 29,4%
Spread / Lowest Target -13,9%
EPS Revisions
Managers
NameTitle
Rodney M. Rushing President, Chief Executive Officer & Director
Paul Joseph Bamatter Chairman
Ian Walsh Chief Operating Officer
Mark Anthony Skonieczny Chief Financial Officer
Peter Panagis Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
REV GROUP, INC.-51.10%379
TOYOTA MOTOR CORPORATION-11.08%176 518
VOLKSWAGEN AG-21.22%81 429
DAIMLER AG-23.40%45 749
HONDA MOTOR CO., LTD.-9.21%45 195
BMW AG-20.07%42 626