Private company

REV Group

Logo: REV Group, Public domain, via Wikimedia Commons5

American vehicle manufacturer

REV Group is an American manufacturer of ambulances, buses, commercial vehicle, firefighting vehicles, recreational vehicles and other specialty vehicles, as well as aftermarket parts and services. Founded in 2010 as Allied Specialty Vehicles, it provides vehicles and services for public fire departments and emergency services, as well as commercial infrastructure and leisure vehicles for consumers.3 From Wikipedia, CC BY-SA 4.0

Last updated Oct 19, 2026.

Overview

$2.5BRevenue, fiscal 20256
$95.2MNet income, fiscal 20256
2010Founded1
  • Industryautomotive industry1
  • HeadquartersBrookfield1
  • Websitewww.revgroup.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address245 South Executive Drive, Brookfield, Wi 530057
  • Filer categoryLarge accelerated filer7
  • LEI549300SRD0SIG5ZZ3X204
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/0 The corporation Trust Company, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 45723024

REV Group is an American manufacturer of ambulances, buses, commercial vehicle, firefighting vehicles, recreational vehicles and other specialty vehicles, as well as aftermarket parts and services.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

15.0%Gross margin6
7.4%Operating margin6
3.9%Net margin6
3.5%Revenue growth, 20256
22.9%Return on equity6
0.10×Debt to equity6
$190.0MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue85¢$2.1B
  • Research and development0¢$5.8M
  • Selling, general and admin8¢$187.6M
  • Other costs1¢$33.8M
  • Interest1¢$25.1M
  • Income tax1¢$22.3M
  • Profit4¢$95.2M

Out of $2.5B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending21¢$51.1M
  • Dividends paid5¢$12.9M
  • Share buybacks45¢$107.6M
  • Kept or used elsewhere29¢$69.5M

Out of $241.1M of cash from operations.6

Financial statements

Revenue10111213146$2.5B in 2025+3% since 2018
0$1.0B$2.0B$3.0B2018: $2.4B$2.4B20182019: $2.4B$2.4B2019+1%2020: $2.3B$2.3B2020−5%2021: $2.4B$2.4B2021+5%2022: $2.3B$2.3B2022−2%2023: $2.6B$2.6B2023+13%2024: $2.4B$2.4B2024−10%2025: $2.5B$2.5B2025+3%
Gross profit10111213146$369.8M in 2025+33% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $278.0M$278.0M20182019: $251.8M$251.8M2019−9%2020: $228.1M$228.1M2020−9%2021: $291.0M$291.0M2021+28%2022: $247.5M$247.5M2022−15%2023: $316.1M$316.1M2023+28%2024: $297.3M$297.3M2024−6%2025: $369.8M$369.8M2025+24%
Operating income10111213146$182.2M in 2025+555% since 2018
-$100.0M0$100.0M$200.0M2018: $27.8M$27.8M20182019: $15.9M$15.9M2019−43%2020: -$17.9M-$17.9M20202021: $83.8M$83.8M20212022: $36.8M$36.8M2022−56%2023: $88.6M$88.6M2023+141%2024: $79.6M$79.6M2024−10%2025: $182.2M$182.2M2025+129%
Net income10111213146$95.2M in 2025+632% since 2018
-$100.0M0$100.0M$200.0M$300.0M2018: $13.0M$13.0M20182019: -$12.3M-$12.3M20192020: -$30.5M-$30.5M2020+148%2021: $44.4M$44.4M20212022: $15.2M$15.2M2022−66%2023: $45.3M$45.3M2023+198%2024: $257.6M$257.6M2024+469%2025: $95.2M$95.2M2025−63%
Fiscal year20182019202020212022202320242025
Revenue$2.4B10$2.4B11$2.3B12$2.4B13$2.3B14$2.6B6$2.4B6$2.5B6
Cost of revenue$2.1B10$2.2B11$2.0B12$2.1B13$2.1B14$2.3B6$2.1B6$2.1B6
Gross profit$278.0M10$251.8M11$228.1M12$291.0M13$247.5M14$316.1M6$297.3M6$369.8M6
Research and development$6.5M10$4.8M11$5.8M12$4.4M13$4.2M14$4.7M6$3.3M6$5.8M6
Selling, general and admin$182.8M10$199.3M11$204.9M12$193.4M13$194.2M14$227.5M6$190.9M6$187.6M6
Operating expenses$207.2M13$210.7M14$227.5M6$217.7M6$187.6M6
Operating income$27.8M10$15.9M11-$17.9M12$83.8M13$36.8M14$88.6M6$79.6M6$182.2M6
Interest$25.6M10$32.5M11$25.7M12$17.3M13$16.9M14$28.6M6$28.5M6$25.1M6
Income before tax$55.7M13$19.8M14$58.2M6$340.4M6$117.5M6
Income tax-$10.8M10-$3.5M11-$15.6M12$11.3M13$4.6M14$12.9M6$82.8M6$22.3M6
Net income$13.0M10-$12.3M11-$30.5M12$44.4M13$15.2M14$45.3M6$257.6M6$95.2M6
Earnings per share$0.2010-$0.2011-$0.4812$0.7013$0.2514$0.776$4.796$1.926
Earnings per share (diluted)$0.2010-$0.2011-$0.4812$0.6913$0.2514$0.776$4.726$1.896
Shares (weighted, basic)63.4M shares1360.5M shares1458.6M shares653.8M shares649.7M shares6
Shares (weighted, diluted)64.7M shares1361.2M shares1459.2M shares654.6M shares650.4M shares6

Compare REV Group with another company

The story

Allied Specialty Vehicles was formed in 2010 from the merger of four companies owned by American Industrial Partners: Collins Industries, E-ONE, Halcore Group, and Fleetwood Enterprises. Allied Specialty Vehicles changed its name to REV Group in November 2015 In January 2017, the company went public with ticker symbol REVG.

Acquisitions and divestitures

In September 2010, ASV acquired the assets of ambulance manufacturer Road Rescue from Spartan Motors. REV Group purchased SJC Industries from Thor Industries in May 2013. It is a manufacturer of ambulances under the brand names McCoy Miller and Marque. A week later, it was announced that ASV was purchasing the RV assets of Navistar International, which include Monaco, Holiday Rambler, R-Vision and the Beaver and Safari brands. In August 2013, ASV announced the purchase of Thor Industries' bus businesses, including the ElDorado Motor Corp., National Coach, Champion Bus, and Goshen Coach companies.

In April 2016, REV Group acquired fire truck manufacturer Kovatch Mobile Equipment Corp. Later that year, REV Group acquired Ferrara Fire Apparatus and Class C motorhome manufacturer Renegade RV. In April 2017, the company acquired sprinter van manufacturer Midwest Automotive Designs.

In January 2018, REV Group acquired California-based Lance Camper. Lance was founded in 1965 and manufactures truck campers and towable RVs. REV Group announced its acquisition of Spartan ER, a subsidiary of Spartan Motors, in February 2020. REV Group sold its shuttle bus brands Champion, Federal Coach, World Trans, Krystal Coach, ElDorado and Goshen Coach to Forest River in May 2020.

In January 2024, REV announced it would be exiting the bus manufacturing business. The company reached an agreement to sell its Collins school bus brand to Forest River for $303 million and later its ENC transit bus division to Rivaz Inc. in October for $52 million.

In July 2025, REV announced that it had sold Lance Camper Mfg. to Vision Kore Inc., effective Thursday, June 26, 2025.

In October 2025, REV announced its planned merger with Terex. The transaction was finalized in February of the following year.

In 2025, the firefighters' labour union, International Association of Fire Fighters requested the United States Department of Justice and Federal Trade Commission to probe the fire and emergency vehicle industry in the United States for anti-trust practices, where three companies: REV Group, Oshkosh Corporation, and Rosenbauer made up two-thirds of the market. 2026, various local administrations within United States such as Allentown in Pennsylvania, Los Angeles County and San Diego County in California, Portland in Oregon, and Huntsville, Alabama, had filed separate lawsuits against the company and other manufacturers alleging anti-trust and monopolistic behavior in the firetrucks market and leading to shortages and high prices. REV Group "cited demand, labor shortages and cost increases as driving price increases and delays".

From Wikipedia’s article on REV Group, shared under CC BY-SA 4.0.8

Leadership

Who has led REV Group, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (25)

Products and brands

  • ambulance

Listed on Wikidata.1

Fire

REV Fire Group's Vector fire truck is the first full-electric North American fire truck. It has been ordered in Charlotte, North Carolina, Varennes, Quebec, and Mesa, Arizona, and Toronto, Canada, and was used in the 2023 Daytona 500.

E-ONE

E-ONE was acquired by REV Group's in 2010 as its first fire apparatus manufacturer and is headquartered in Ocala, Florida. According to Buffalo Business First, E-ONE manufactures "stainless steel fire trucks, mostly tankers and pumpers" and its customers include both volunteer and municipal fire departments. In November 2021, E-ONE was contracted by the city of Mesa, Arizona to build the first fully-electric firetruck in North America. As of February 2022, the company's Hamburg, New York plant employs around 100 people and produces around 90 trucks a year.

Kovatch Mobile Equipment

In April 2016, REV Group acquired Nesquehoning, Pennsylvania-based fire truck manufacturer Kovatch Mobile Equipment Corp (KME), which services municipal, state and federal governments. KME was founded in 1946; it began by producing aircraft refueling trucks before shifting into the fire truck market in the 1980s.

REV Group announced that plants in Nesquehoning and Roanoke, Virginia would be closing in 2021, with KME production shifting to Holden, Louisiana.

Read the full text

The Nesquehoning plant was closed in April 2022.

Ferrara Fire Apparatus

Ferrara Fire Apparatus was acquired by REV Group on April 25, 2017. The company manufactures custom fire and rescue vehicles for municipal and industrial clients. The company was founded in 1979 and employs around 450 workers as of 2017, with annual sales at $165 million. In November 2021, REV Group announced plans for a $7.46 million expansion of Ferrara's Holden, Louisiana manufacturing facility; the project is due to be complete in June 2023.

Spartan Emergency Response

In February 2020, REV Group announced its acquisition of Spartan ER, a subsidiary of The Shyft Group (at the time known as Spartan Motors), for $55 million. As part of the purchase, REV Group acquired Spartan Emergency Response and its subsidiaries (Spartan Fire Apparatus and Chassis, Smeal Fire Apparatus, Ladder Tower, and UST). The company designs, manufactures, and distributes custom emergency response vehicles across Asia, North America, and South America. Prior to its acquisition, Spartan recorded $253 million in revenue for the year ending in September 2019.

Ambulance

American Emergency Vehicles (AEV) is a manufacturer of ambulance vehicles. It was acquired by REV Group in 2010. and is headquartered in Jefferson, North Carolina, where it has been based for over 30 years. Leader Emergency Vehicles company develops ambulance vehicles, including all-electric vehicles, used by partners including DocGo, the first of their kind in the United States. REV Ambulance Group Orlando encompasses Wheeled Coach and Road Rescue. Horton Emergency Vehicles was founded by Carl Horton, who was an early leader in the IndyCar safety field; the company was founded in 1968 and is based in Grove City, Ohio. As of 2014, Horton employs around 400 workers and produces around 600 ambulances a year, primarily for fire departments. Horton vehicles produced after April 2023 feature the MBrace, a "four-point retractable harness that includes its own airbag" that can be deployed in a "fraction of a second."

REV Recreation Group, Inc.

REV Recreation Group comprises American Coach, Fleetwood Enterprises, Holiday Rambler, and Midwest Automotive Designs. In March 2023, REV completed its 40,000th unit at its Decatur, Indiana plant.

Renegade RV

Renegade RV was acquired by REV Group in 2016; as of December 2016, it had 175 employees and was based in Bristol, Indiana. The company manufactures recreational vehicles, trailers, and specialty vehicles.

From Wikipedia’s article on REV Group, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries

Subsidiaries (GLEIF)

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Jan 30, 2023New chief executive Mark A. Skonieczny Jr. becomes CEO19
  2. Mar 24, 2020New chief executive Rodney M. Rushing becomes CEO20
  3. Jan 26, 2017New chief executive Timothy W. Sullivan becomes CEO21
  4. 2010Founded Founded1

Filings

226 filings to the SEC since October 2021: 5 annual reports, 12 quarterly reports, 42 major events, 91 insider forms, 25 large holders, 51 other. The latest 20:

  1. Mar 6, 2026SCHEDULE 13G/A EDGAR
  2. Feb 11, 202615-12G EDGAR
  3. Feb 5, 2026SCHEDULE 13G/A EDGAR
  4. Feb 3, 2026S-8 POS EDGAR
  5. Feb 2, 20264 EDGAR
  6. Feb 2, 20264 EDGAR
  7. Feb 2, 20264 EDGAR
  8. Feb 2, 20264 EDGAR
  9. Feb 2, 20264 EDGAR
  10. Feb 2, 20264 EDGAR
  11. Feb 2, 20264 EDGAR
  12. Feb 2, 20264 EDGAR
  13. Feb 2, 20264 EDGAR
  14. Feb 2, 20264 EDGAR
  15. Jan 29, 20268-K EDGAR
  16. Jan 20, 2026425 EDGAR
  17. Jan 20, 20268-K EDGAR
  18. Jan 9, 2026425 EDGAR
  19. Jan 8, 2026425 EDGAR
  20. Dec 31, 20254 EDGAR

The 226 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 0 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 6, 2025Skonieczny Jr. Mark APresident & CEOSale92,601$43.83$4.1MForm 4
Jan 13, 2025LaDue JosephVP, Corp. Controller & CAOSale4,533$32.21$146.0KForm 4
Sep 18, 2024Dutil CharlesDirectorSale12,500$28.50$356.2KForm 4
Mar 15, 2024American Industrial Partners Capital Fund IV (Parallel), L.P.Sale7,395,191$17.25$127.6MForm 4
Feb 20, 2024American Industrial Partners Capital Fund IV (Parallel), L.P.Sale18,400,000$15.76$290.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

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