RVIA Economic Impact Study

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 .

REV Group Hoping to Raise $231.4M in IPO

Wed Jan 18, 2017

145271033345802.pngMilwaukee-based specialty vehicle maker Rev Group Inc. hopes to raise $231.4 million in its initial public offering and use the money to pay down long-term debt.

The company, which moved its headquarters to Milwaukee from Orlando last year, plans to offer 12.5 million shares of common stock in the offering and is expecting it to be priced between $19 and $21 per share.

The midpoint of that range would give the company $231.4 million in proceeds after expenses and underwriting discounts. A $1 per share change in the price would increase or decrease the proceeds by $11.7 million.

Additional Information: https://www.biztimes.com/2017/01/17/rev-group-expecting-more-than-230-million-from-ipo/