REV Group, Inc. $272.5 Million Secondary Offering

Davis Polk advised REV Group, Inc. and certain selling stockholders in connection with an SEC-registered secondary offering of 10,000,000 shares of common stock by such selling stockholders. Total gross proceeds to the selling stockholders were $272.5 million.

Based in Milwaukee, Wisconsin, REV is a 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, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, cut-away buses and street sweepers) and consumer leisure (recreational vehicles and luxury buses). 

The Davis Polk capital markets team included partners Richard D. Truesdell Jr. and Derek Dostal and associates John H. Runne and Win Rutherfurd. The executive compensation team included partner Kyoko Takahashi Lin and associate Tricia E. Walsh. The environmental team included counsel David A. Zilberberg and associate Michael Comstock. The tax team included partner Michael Mollerus. Associate Brantley Hawkins provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.