REV Group Completes Sale of ENC, its Transit Bus Business

REV Group Completes Sale of ENC, its Transit Bus Business

BROOKFIELD, Wis. -- REV Group, Inc. (NYSE: REVG), a manufacturer of industry-leading specialty vehicle brands, announced plans earlier this year to exit the bus manufacturing business and today reports the finalized sale of ElDorado National (California), Inc. (ENC) to Rivaz, Inc. for a purchase price of approximately $52 million. REV Group intends to use the net proceeds from the sale to pay down outstanding borrowings under the company’s ABL …

REV Group sells transit bus business for $52 million

Brookfield-based REV Group Inc., a manufacturer of specialty vehicles, announced that it has finalized the sale of transit bus business ElDorado National (California) Inc. to Rivaz Inc. for $52 million. REV Group said it plans to use the proceeds from the sale to pay down debt. “ENC has a long history with five decades in […]