Rev Group (NYSE: REVG) has acquired Midwest Automotive Designs, a manufacturer of luxury shuttle vans and customized executive transportation vehicles, for an undisclosed amount. The deal enhances Rev’s product portfolio in its recreation and commercial segments with Midwest’s recreational vehicles (RV) and bus capabilities.
Midwest designs custom-made vehicles using the Mercedes-Benz sprinter base frame and the Dodge ProMaster chassis. The Elkhart, Indiana-based target has a combined a 100,000 square feet in office and manufacturing space. Midwest distributes its vehicles through an independent dealer network, and will continue to do so with Rev’s network, as a result of the acquisition.
The addition of “custom shuttle buses, limousines and executive transportation vehicles is complementary to our existing commercial vehicle line of products,” states John Walsh, president of Rev’s bus division. Midwest’s products will add to Rev’s “line of luxury vehicles under our Krystal and Federal brands.”
Rev Group is a manufacturer and distributor of RVs, luxury buses, firetrucks, ambulance vehicles, and related aftermarket parts. The buyer’s portfolio consists of 28 brands that include: Champion, Collins, ENC, Eldorado, Federal, Goshen, Krystal and World Trans.
Recent deals for producers of automobiles and aftermarket parts include: Monroe Truck Equipment Inc.’s purchase of equipment maker Towmaster Inc.; W.W. Williams Co. LLC’s buying of parts provider Auto Safety House LLC; Tesla Motors Inc.’s acquisition of SolarCity Corp. in a $2 billion transaction; Crestview Partners’ agreement to purchase Accuride Corp. (NYSE: ACW), a parts supplier for wheel manufacturers, for $124 million; Grakon LLC’s acquisition of Hamsar Diversco Inc., a maker of lighting and electronics for automobile manufacturers; and Watermill Group’s purchase of auto-parts supplier Experi-Metal Inc.