REV Group, Inc. (REVG)

REV Group, Inc. designed and manufactured specialty vehicles, including fire apparatus, ambulances, buses and recreational vehicles. The company was formerly known as Allied Specialty Vehicles, Inc., and was assembled through acquisitions by private equity owner American Industrial Partners. It changed its name to REV Group in 2015, with operations based in Wisconsin.

In January 2017 REV Group completed its initial public offering on the New York Stock Exchange under the ticker REVG. Its portfolio included well-known brands such as E-ONE, Ferrara, KME, Spartan Emergency Response and American Emergency Vehicles, along with school and commercial bus brands such as Collins Bus and Goshen Coach, and RV brands including Fleetwood and Holiday Rambler.

Over the years management worked to simplify the company. After weak results in several businesses, it divested or wound down units outside its core, including portions of its bus and recreational vehicle operations, and concentrated on fire and emergency vehicles, ambulances and related aftermarket services. Strong demand from municipalities supported the fire and emergency segment, which carried a sizeable order backlog.

REV Group's customers included municipalities, government agencies, contractors and dealers, who bought through direct sales and dealer networks. Supply chain constraints and chassis availability were recurring operational challenges for the specialty vehicle industry in the early 2020s.

On October 2025, REV Group and Terex Corporation, a maker of aerial work platforms and materials-processing equipment based in Norwalk, Connecticut, announced a definitive merger agreement. REV Group shareholders were to receive $25.00 in cash plus 0.9809 shares of Terex common stock for each REV Group share. The combined company was intended to serve emergency services, waste and recycling, utilities and construction markets, with expected annual run-rate synergies of $75 million by 2028.

The merger closed in early February 2026. REV Group shares ceased trading on the NYSE after the close on January 30, 2026, and a Form 25 was filed on February 2, 2026. The combined company continues to trade on the NYSE as Terex Corporation under the ticker TEX.