Fleetwood Parent Forms Specialty Vehicle Co.
American Industrial Partners Capital Fund IV LP (AIP) announced Tuesday (Aug. 24) the formation of Allied Specialty Vehicles Inc. (ASV), which will include its Fleetwood RV Inc. holding.
According to a news release, ASV, with revenue of approximately $1 billion, is a market leader in three industry segments: fire and emergency, recreational vehicles and bus and industrial. The new company was formed through the combination of four existing portfolio companies of AIP: E-ONE Inc., Collins Industries Inc., and Halcore Group Inc.; with Fleetwood RV to be combined in the fourth quarter of this year.
Fleetwood President John Draheim addressed the AIP realignment in his opening comments Tuesday night at Fleetwood’s 2010 National Dealer Meeting at the Grand Wayne Center in Fort Wayne, Ind.
- Within the fire and emergency segment, ASV offers an extensive line of fire apparatus under the E-ONE brand name including pumpers, aerials, tankers, rescues and airport firefighting equipment. Additionally, the company offers a full line of ambulances under the Horton, Wheeled Coach, American Emergency Vehicles and Leader Emergency Vehicles brand names.
- Within the bus and industrial segment, the company produces Type A bus products for both the school and childcare markets under the Collins, Mid Bus and Corbeil brand names as well as terminal trucks and street sweeper products under the Capacity and Lay-Mor brand names.
The company will be led by President and CEO Randall Swift, who is experienced in partnering with AIP through its Collins Industries holding and was in attendedance at Tuesday’s Fleetwood dealer meeting. Each division will continue to be led by its existing president and CEO which includes John Draheim at Fleetwood RV.
“Allied Specialty Vehicles represents many of the top brand names in their respective markets together with one of the most experienced and successful leadership teams in the specialty vehicle industry. We are all excited by the potential of this combination of businesses to leverage our respective strengths and market positions and grow ASV,” Swift said.
For additional information on Allied Specialty Vehicles Inc. visit www.alliedsv.com.