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 Feb 2, 2017
ELKHART, Indiana - DexKo Global Inc. has announced that Dexter has acquired the axle, brake and actuation business assets from Tie Down Engineering, Inc. located in Atlanta. Tie Down was founded in 1969 by Chuck MacKarvich, serving the construction, utility, industrial and marine markets. Tie Down will continue to operate, providing products and services from its manufactured housing, roofing, marine and industrial laser divisions.
"By adding Tie Down's axle, brake and actuation products to our marine product portfolio, we continue to improve our industry leading portfolio of customer solutions," DexKo Global CEO Fred Bentley says. "This acquisition broadens our aftermarket offering and as all of our recent acquisitions have done, allows us further growth in adjacent areas. The DexKo team continues to work diligently to build our company and to support our 'Together is Better' culture. I want to congratulate Chuck on the great business he built and we look forward to taking it to a new level of performance."
"We are excited to add the Tie Down axle, brake & actuation business to our marine product offering to better serve our customers," Dexter President and CEO Adam Dexter says. "Our plan is to offer the best portfolio of products satisfying each of our customers' needs across the market. Tie Down's product offering perfectly complements Dexter's prior acquisitions of UFP and Titan, providing the market and our customers with a comprehensive product portfolio meeting all their needs."
Dean Samuelson, President of Tie Down Engineering, will continue to lead the acquired business.
"We look forward to offering Tie Down axles, brakes and actuation to an expanded market, offering the most comprehensive marine running gear in the industry to support all of our combined customers' requirements," Samuelson says. "Becoming part of the Dexter family will help us grow our business with the backing of the industry leader. I am confident that this will be a smooth transition for both our customers and employees."
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.