Rev Group said Monday it has completed a successful merger with Terex Corp. A Rev Group spokesperson said the company is communicating to its RV dealers that the merger will not change how it partners and does business with them.
“Our brands will continue to operate independently as they do now, maintaining their leadership and unique identities while benefiting from the scale and resources of Terex,” the spokesperson said. “From a dealer perspective, they should expect continuity—the same close partnership, support and day-to-day engagement they know today.”
Rev Recreation Group includes American Coach, Fleetwood RV, Holiday Rambler, Midwest Automotive Designs and Renegade RV.
Terex President and CEO Simon Meester said the merger forms a premier specialty equipment manufacturer with a diversified portfolio and strong growth prospects.
“The combination with Rev Group is a defining moment in Terex’s transformation. It creates a large-scale leader with a wide range of specialty equipment and a highly synergistic portfolio at the same time,” Meester said. “The merger positions the company quite uniquely to accelerate profitable growth with a much more resilient top line. We look forward to leveraging the best of both organizations and creating real value for our customers and shareholders.”
The companies said combining complementary portfolios will save $75 million in run-rate value in 2028.
The company’s goal is to create half the run-rate value in the next year.
In connection with the merger’s completion, Rev Group stock is no longer listed on the New York Stock Exchange.
The combined company trades on the New York Stock Exchange under the symbol TEX.
