Allied Specialty Vehicles, Inc. Announces the Acquisition of Road Rescue
WINTER PARK, Fla., Sept. 20 /PRNewswire/ — Allied Specialty Vehicles, Inc. (“ASV” or the “Company”), a portfolio company of American Industrial Partners (“AIP”), today announced that it has purchased ambulance manufacturer Road Rescue from Spartan Motors, Inc. in an asset transaction. Road Rescue is a manufacturer of premium Type I and Type III ambulances.
“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”, said Randall Swift, President & CEO of ASV.
About Allied Specialty Vehicles, Inc.
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. Within the Fire & 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 Recreational Vehicle segment, the Company produces Class A and Class C Recreational Vehicles under many of the industry’s iconic brand names including Discovery, American Coach, Bounder, and Tioga, among others. Within the Bus & 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.
For additional information on Allied Specialty Vehicles, Inc. please visit www.alliedsv.com.
About American Industrial Partners
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. For more information, visit www.aipartners.com or American Industrial Partners can be reached at 212-627-2360.
SOURCE Allied Specialty Vehicles, Inc.