Milwaukee-based REV Group Inc has completed the acquisition of California trailer manufacturer Lance Camper on January 12, 2018 for an undisclosed amount bringing an element of trailer manufacturing into the REV family of recreation products.
“We’re thrilled to be joining REV’s iconic family of brands,” said Jack Cole, President of Lance Camper, “We look forward to leveraging REV’s scale and footprint in the RV industry to rapidly expand our distribution and further accelerate our growth. We’re an excellent fit given REV’s strong commitment to providing its dealers and customers with premium quality, brand leadership, and continuous innovation, all of which align well with our culture and ambition.”
“We are absolutely delighted to welcome Jack, Jeff, and the entire Lance Camper team into the REV family,” said Tim Sullivan, REV Group CEO. “This acquisition is well aligned across all of our acquisition criteria. Lance Camper adds one of the highest quality towable lines in the U.S. and provides a significant new avenue of growth in our RV segment.”
REV Group acquired Renegade RV back in 2016 and is the parent company of American Coach, Fleetwood RV, Monaco and Holiday Rambler. With the Lance acquisition, REV becomes one of the largest American recreation vehicle brands with projected 2018 net sales of $2.4 to $2.7 billion.
Founded in 1965, Lance Camper designs, engineers and manufactures its lineup of innovative, high quality, and customer-centric products from its state-of-the-art campus in Lancaster, CA. Throughout its over 50-year history, the Company has built a tremendous reputation as a leader in the towable RV industry. Lance Camper has the number one selling truck camper in the U.S. and has won the National RV Dealer Association’s prestigious Quality Circle Award 16 years running. The Company employs over 550 associates and generates approximately $100 million in annual revenue.
Source: Business Wire Press Release
Main Photo: Lance Camper Facebook Page