Ropes & Gray Advises REV Group Inc. in Sale of Shuttle Bus Businesses
Ropes & Gray advised REV Group Inc., a manufacturer of industry-leading specialty vehicle brands, in the sale of its shuttle bus businesses to Forest River, Inc., a Berkshire Hathaway company. The transaction includes the shuttle bus brands Champion Bus, Federal Coach, World Trans, Krystal Coach, ElDorado and Goshen Coach. Proceeds from the sale will be used to pay down outstanding borrowings under the company’s ABL debt facility. The transaction was completed on May 8 and announced in a press release.
The Ropes & Gray team that advised REV Group Inc. was led by private equity partners Bob Rivollier and Dan Evans (both of New York), private equity associate Carl Ruggiero (New York), real estate partner Peter Alpert (Boston), benefits partner Alexandra Alperovich (New York), tax partner Adam Greenwood (New York), mergers & acquisitions counsel Michael Kurzer (New York), private equity associate Lindsay Richardson and corporate associate Neil Stocco (both of New York), and tax associates Thomas Spera (Boston) and Lucas Caruso (Boston).