The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Thu Dec 22, 2016
ELKHART, Indiana - DexKo Global Inc. has announced that Dexter has reached an agreement to purchase the heavy duty axle and suspension manufacturing assets of Ingersoll Axles, along with the light duty axle manufacturing assets of Standen's from the IMT Group. Ingersoll Axles has been a leading supplier of specialized heavy duty trailer axles and suspensions across North America for more than 55 years. Dexter intends to acquire the manufacturing locations in Ingersoll, Ontario; Calgary, Alberta; and Indianapolis.
Once complete, Ingersoll Axles and Standen's Light Duty Axles will operate as one ongoing business within the Dexter group. The companies expect the transaction to close by the end of 2016.
DexKo Global and Dexter are majority owned by a fund managed by The Sterling Group, an operationally-focused middle market private equity firm based in Houston, Texas with $2.2 billion of assets under management.