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 .
Wed Mar 14, 2018
L Catterton, the consumer-focused private equity firm, today announced it has entered a definitive agreement to acquire Airxcel. Terms of the transaction were not disclosed.
Founded in 1991, Airxcel is the largest privately held designer, manufacturer and distributor of branded and critically functional products for the OEM and aftermarket recreational vehicle and marine industries, as well as other commercial and industrial markets. Airxcel is the North American market leader in nearly every product category and sales channel it serves with premium brands including Coleman-Mach, MaxxAir, Suburban, Dicor, Vixen Composites, United Shade, MCD, Marvair, Industrial Climate Engineering and Eubank.
L Catterton defines itself as "the largest and most experienced consumer-focused private equity group in the world" and has invested more than $14 billion in consumer brands since 1989.
“L Catterton has an exemplary track record of building leading brands and a strong understanding of our industry, which makes them the ideal partner for Airxcel,” says Jeff Rutherford, president and CEO of Airxcel. “We have invested significantly in innovation over the last five years and Airxcel is poised to further build on its category leading positions and portfolio of trusted brands to meet the evolving needs of tomorrow’s customer. Together with L Catterton, we look forward to continuing to grow and expand as we take advantage of the exciting long-term trends in the market. The company will continue its efforts in new product development and increase efforts in geographic expansion and acquisitions.”
Marc Magliacano, a managing partner in L Catterton's Buyout Fund, says, “In Airxcel, we saw a proven and attractive platform for sustained success both inside and outside the RV industry and through both organic and acquisition growth avenues. As an essential partner to OEMs and aftermarket distributors, Airxcel will take advantage of the exciting secular trends in the RV industry and the significantly growing purchase interest from millennials, which will fuel growth for years to come. Airxcel’s portfolio of leading and respected brands are widely known for innovation, quality and service and when coupled with its ‘customer first’ attitude has allowed it to develop and foster 20-plus year relationships with leading OEMs and aftermarket distributors. We are excited to partner with Airxcel’s respected and talented management team to leverage our prior experience and knowledge of the space to help drive Airxcel’s success for years to come.”