REV Group Completes Sale of ENC, its Transit Bus Business
REV Group, Inc. (REVG)
Last rev group, inc. earnings: 3/4 04:30 pm
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Source: Business Wire
BROOKFIELD, Wis.--(BUSINESS WIRE)--REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicle brands, announced plans earlier this year to exit the bus manufacturing business and today reports the finalized sale of ElDorado National (California), Inc. (ENC) to Rivaz, Inc. for a purchase price of approximately $52 million. REV Group intends to use the net proceeds from the sale to pay down outstanding borrowings under the company’s ABL credit facility.“ENC has a long history with five decades in the mass transit industry, so we are delighted the brand is set to continue under Rivaz. I want to thank our customers as well as ENC employees and dealers for their support during this period of transition,” said Mark Skonieczny, President and CEO of REV Group.About REV Group, Inc.REV Group companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in the Unit
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REVG
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- 11/12/24 - Form SC
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