American Industrial Partners-backed Rev Group Rolls Out IPO

1/29/17

MILWAUKEE–(BUSINESS WIRE)–REV Group, Inc. announced today the pricing of its initial public offering of 12,500,000 shares of its common stock at the initial public offering price of $22.00 per share. In addition, certain selling stockholders have granted the underwriters for the Offering an option to purchase up to 1,875,000 additional shares of REV Group, Inc.’s common stock at the initial public offering price less the underwriting discount. The Offering is expected to close on or about February 1, 2017, subject to customary closing conditions. REV Group, Inc.’s shares of common stock have been approved for listing on the New York Stock Exchange and are expected to begin trading under the ticker symbol “REVG” on January 27, 2017.

Goldman, Sachs & Co., Morgan Stanley and Baird are acting as joint lead book-running managers and representatives of the underwriters for the Offering. BMO Capital Markets Corp., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities, Jefferies LLC, Wells Fargo Securities, LLC and Stifel are also acting as joint book-running managers for the Offering.

About REV Group, Inc.

REV Group, Inc. is a leading designer, manufacturer and distributor of specialty vehicles and related aftermarket parts and services. REV Group, Inc. serves a diversified customer base primarily in the United States through three segments: Fire & Emergency, Commercial and Recreation. REV Group, Inc. provides customized vehicle solutions for applications including: essential needs (ambulances, fire apparatus, school buses, mobility vans and municipal transit buses), industrial and commercial (terminal trucks, shuttle buses and street sweepers) and consumer leisure (recreational vehicles and luxury buses). REV Group, Inc.’s brand portfolio consists of 27 well-established principal vehicle brands including many of the most recognizable names within its served markets. Investors-REVG

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