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 Nov 28, 2018
Author: RV News Staff
Lippert Components Inc. (LCI) announces the promotion of Jason Falk to vice president of mergers and acquisitions (M&A). Falk was previously the VP of operations. Falk will oversee LCI’s future merger activities, which have included acquisition of more than 45 companies within the RV, marine and specialty vehicle markets over the last 15 years.
M&A has been a key growth component and a major contributor to the success of LCI during this time, and the promotion of Falk will help ensure the ongoing success of this strategy.
Falk, a 1996 graduate of Alma College, began his career with LCI immediately after graduating by entering LCI’s Leadership in Training program. Falk has overseen the operations of multiple divisions of LCI during his tenure, being directly responsible for those divisions’ P&L, personnel, leadership and overall growth and sustainability.
“Jason Falk has been a loyal teammate and friend for well over twenty years,” Lippert’s CEO Jason Lippert says. “Throughout his tenure at LCI, he’s been directly responsible for the financial success of a number of LCI divisions. He has been involved with several acquisitions over the last couple years, most notably Taylor Made, which LCI acquired earlier this year. Jason’s operation and team building experience, along with his vast knowledge of how LCI functions on a day-to-day basis, from its culture to its strategy, make him the perfect person to not only lead, but also grow, the M&A initiative at LCI.”
“I am excited to enter into this next chapter in my journey with LCI,” Falk says. “I’m appreciative for this opportunity to be directly involved with adding new products, team members and customers to LCI through the M&A process. We have a stellar track record with our M&A initiatives. I look forward to the challenges ahead as we continue to grow our business.”