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 .
Mon May 8, 2017
EDMONTON, Alberta - KV Private Equity has announced that it has acquired Northern Lite Mfg. Ltd. as the first investment of KV Private Equity Fund.
Founded in 1989 and located in Kelowna, British Columbia, Northern Lite manufactures desirable high-end fiberglass truck campers, which are distributed throughout Canada and the United States via its well-established dealer network. Northern Lite is recognized in the RV industry for its high standards of quality, workmanship and lightweight design of its products, according to a press release.
“We are excited to have the opportunity to continue building this exceptional business," KV Private Equity COO Jonathan Herman says. "It is an honor that Mac will continue with us as a Director, and that his son Keith has agreed to join us as a shareholder, while also staying on as the General Manager of Northern Lite.”
“Northern Lite has been very successful over the last 27 years," Northern Lite Director Mac Donkin says. "I know that the best days are in front of it and that the company is in great hands with Keith and KV.”