REV Group $85.3 million secondary offering
Davis Polk advised REV Group, Inc. and certain selling stockholders in connection with an SEC-registered secondary offering of 5,500,000 shares of common stock by such selling stockholders. Total gross proceeds to the selling stockholders was $85.3 million.
Based in Brookfield, Wisconsin, REV is a leading designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. REV serves a diversified customer base primarily in the United States by providing customized vehicle solutions for applications including essential needs (ambulances, fire apparatus, school buses and transit buses), industrial and commercial (terminal trucks and industrial sweepers) and consumer leisure (recreational vehicles).
The Davis Polk capital markets team included partner Derek Dostal and associates Carrie Guo and Jordyn Giannone. The executive compensation team included partner Kyoko Takahashi Lin and associate Kathleen Ginder. The tax team included partner Po Sit and associate Eitan Ulmer. Partner Pritesh P. Shah and associate Shuang Ci provided intellectual property advice. Associate Jason Cohen provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.