Navistar Inc. confirmed today that Allied Specialty Vehicles (ASV), a $1 billion sales producer of specialty vehicles and parent to motorhome builder Fleetwood RV Inc., has purchased certain assets of Navistar RV.
According to a news release, the deal was structured as a purchase of all of the equity interests of Navistar RV and includes the manufacturing operations for Navistar’s R-Vision and Holiday Rambler towable units in Harrisburg, Ore., and Navistar’s Monaco and Holiday Rambler brand motorized RVs in Wakarusa, Ind. ASV has also entered into a multi-year leasing agreement for Navistar RV’s Elkhart, Ind., facility. The sale does not include Bison Coach, Navistar’s horse trailer manufacturing business.
“ASV is honored to welcome all of the existing Monaco, Holiday Rambler, R-Vision, Beaver and Safari customers and an exceptional network of dealer partners to the ASV family,” said Peter Guile, CEO of Orlando, Fla.-based ASV. “The ASV team is committed to providing our customers and dealers with exceptional product, service and support, and we are fully committed to re-establish the product leadership and extraordinary reputation for innovation, quality and service for which the Monaco family of brands has been known.”
ASV also announced that Mike Snell has been named as president of Monaco and Holiday Rambler. Snell has logged over 20 years with Monaco, serving as a longtime executive for Monaco Coach Corp. and most recently as vice president of sales for Monaco RV under the Navistar umbrella.
“ASV is pleased to welcome Mike Snell as president of Monaco and Holiday Rambler,” said Guile. “Mike has made an invaluable contribution to the Monaco brands and the industry over his 20-year career with Monaco RV, and we look forward to his leadership during this new, exciting phase of growth.”
“We join the ASV family fully energized with worthy goals and high hopes as we jointly work to rebuild our iconic and proud RV industry brands,” commented Mike Snell. “With the commitment and support of ASV we’ll focus on developing innovative, distinct and aspirational products in keeping with the long and rich tradition of our brands. I look forward to working with our team, our dealers and our customers to make this vision a reality.”
Allied Specialty Vehicles (ASV), parent to Decatur, Ind.-based Fleetwood RV Inc., has appointed James R. Meyer as COO.
According to a press release, Meyer, 50, most recently served as president & CEO of Hatteras Yachts, a subsidiary of Brunswick Corp. His 30-year career includes director of product development at Ford Motor Co. for medium and large cars as well as crossover vehicles and general manager of small cars for Mazda.
“Consistent with our growth objectives, the addition of Jim Meyer as COO further strengthens our ability to deliver our operational excellence initiatives and strategic plans,” said Peter Guile, CEO of ASV. “Jim has an ideal background for ASV including vehicle product development, strategic sourcing and a proven track record of growing profit margins and strengthening businesses. He understands our recreational vehicle segment from leading a luxury yacht business and brings significant Asian and European operating experience.”
Meyer holds an MBA from the University of Michigan, a masters in engineering from MIT and a bachelor’s in engineering from the University of Michigan.
Based in Orlando, Fla., Allied Specialty Vehicles is a $1 billion revenue, privately held company comprised of industry leading brands in fire and emergency, recreation and commercial specialty vehicle segments.
Allied Specialty Vehicles Inc. (ASV), parent to Decatur, Ind.-based Fleetwood RV Inc., announced today (Jan. 4) the appointment of Peter Guile as CEO.
According to a press release, Guile replaces Randall Swift who has been appointed CEO of Heil Trailer International Co. Swift will remain as chairman of Orlando, Fla.-based ASV.
Guile, 46, most recently served as CEO of E-ONE Inc., a wholly owned subsidiary of ASV and also held a board position with the company. Guile plans to continue to lead E-ONE for the immediate future as part of his role as CEO of Allied Specialty Vehicles.
“We are indebted to Randall for leading the formation of Allied Specialty Vehicles in early 2010,” said Guile. “He has developed a foundation and culture that will ensure the long term success of ASV. We are delighted that Randall will continue to be involved with ASV as chairman.”
Decatur, Ind.-based motorhome builder Fleetwood RV Inc. introduced its second generation of Class A diesel chassis, the Power Bridge II, during the 49th Annual National RV Trade Show concluding today (Dec. 1) in Louisville, Ky.
According to a press release, the Power Bridge II chassis is the result of collaborative efforts between Fleetwood RV’s product development and engineering teams along with its parent company, Allied Specialty Vehicles Inc., in conjunction with modular chassis components from Freightliner Custom Chassis Corp.
“Because of our relationship and collaboration with Freightliner Custom Chassis Corp. and our parent company, Allied Specialty Vehicles, we have leveraged collective experience and resources to design one of the best chassis available in the market today – one that is innovative, safe and reliable,” said John Draheim, CEO and president of Fleetwood RV.
Main attributes of the Power Bridge II chassis include a single point service center, which aids in serviceability by offering the customer a simplified single point of access to check and monitor fluids, and the use of huckbolts throughout that provide a permanent vibration-proof lock to combat high stress and maintain tension. In addition, the pass-through storage has been increased by 3% and a military-grade e-coat paint process is used, presenting a more durable finish and ultimate corrosion resistance.
“With more than 5,000 miles of most rigorous durability testing, the chassis is built with world class components such as Cummins diesel engines and Cummins Onan generators,” Draheim said. “To ensure a smooth ride, the Power Bridge II chassis includes custom shock valving, resulting in the smooth handling and luxurious ride which our customers have come to expect from Fleetwood RV.”
“We believe we’ve built a chassis that will provide the customer a truly enhanced driving experience,” said Jonathan Randall, director of sales and marketing, Freightliner Custom Chassis. “We understand that our collective years of experience as leaders in the industry, coupled with our world class customer support, will result in a superior customer experience.”
With the introduction of the Power Bridge II, Fleetwood RV will be updating all Class A diesels with the new chassis.
Goldshield Fiberglass Inc., an industry leader in custom molded composite products across a variety of industries including heavy truck and RV, today (Feb. 14) named Jeff Newport as company president.
Newport leaves his current role as production manager for Fleetwood RV Inc. to take Goldshield’s highest leadership position, according to a news release. As president, Newport will have full P&L responsibility and will oversee the company’s entire operations.
Newport brings to his new role over 15 years of leadership experience at various companies in the recreational vehicle and fiberglass industries, including Fleetwood RV, Dutchmen Manufacturing Inc. and Rinker Boats. He also briefly served as Goldshield’s general manager in late 2009.
“Jeff’s in-depth understanding of fiberglass and its many applications; his expertise in manufacturing and operations; and strong leadership ability are just a few of the intangibles that make him the ideal candidate for this very important role,” said Randall Swift, CEO of Allied Specialty Vehicles Inc., Goldshield Fiberglass’ parent company. “He has a clear vision for the future of Goldshield Fiberglass and I am confident that he is right person to take the company to a whole new level.”
“As president of Goldshield Fiberglass, I have three main goals,” said Newport. “First, to achieve aggressive sales growth by diversifying our customer base and expanding our product offering; second, to lead the industry by providing our customers’ with high-quality, high-value products and services; and third to incorporate Lean thinking in every facet of our business. I am excited about the opportunities these goals present our company, and I know that our team will be able to rise up to the challenge and achieve them.”
For more information on Goldshield Fiberglass, Inc., call (260) 728-2476 or visit www.goldshield.com.
About Allied Specialty Vehicles Inc.
ASV, with revenue of approximately $1 billion, is a market leader in three industry segments: fire & emergency, RVs and commercial. The company was formed on August 25, 2010, through the combination of four existing portfolio companies of AIP: E-ONE Inc., Collins Industries Inc., Halcore Group Inc.and Fleetwood RV Inc.
About Goldshield Fiberglass Inc.
For more than 25 years, Goldshield Fiberglass Inc. has developed creative solutions to its customers’ manufacturing challenges. Goldshield Fiberglass, Inc. has more than 260,000 square feet of modern manufacturing facilities in two Decatur, Ind,. locations, with some of the most advanced technology in the fiberglass and composite industries.
Allied Specialty Vehicles Inc. (ASV), a portfolio company of American Industrial Partners (AIP), today (Sept. 21) announced that it has purchased ambulance manufacturer Road Rescue from Spartan Motors Inc. in an asset transaction for $8 million. Road Rescue is a manufacturer of premium Type I and Type III ambulances.
AIP is parent company of Fleetwood RV Inc.
“We’re excited to add the Road Rescue brand to our portfolio of ambulance companies. For many years, Road Rescue has been regarded as one of the leading high-end builders of modular ambulances, and under ASV, we anticipate further enhancing that reputation,” Randall Swift, president and CEO of Winter Park, Fla.-based ASV, stated in a news release.
ASV, with revenue of approximately $1 billion, is a market leader in three industry segments: Fire & Emergency, Recreational Vehicles, and Bus & Industrial. The company was formed on August 25, 2010, through the combination of four existing portfolio companies of AIP: E-ONE Inc., Collins Industries Inc., and Halcore Group Inc.; with Fleetwood RV Inc. to be combined in the fourth quarter of this year.
American Industrial Partners is an operationally focused middle market private equity firm comprised primarily of multidisciplined engineers and experienced operators which makes control investments in North-American based industrial businesses and implements strategies to grow the earnings of those businesses. AIP has managed three prior funds which totaled over $1 billion and is currently investing its fourth fund, $405.5 million American Industrial Partners Capital Fund IV LP.