Rev Group, which manufactures emergency and specialty vehicles, filed on Monday with the SEC to raise up to $100 million in an initial public offering. However, the deal size may be a placeholder for an IPO that we estimate could raise $200 million.
The Milwaukee, WI-based company was founded in 2010 and booked $1.8 billion in sales for the 12 months ended July 31, 2016. It plans to list under the symbol REVG, and has not disclosed an exchange. Goldman Sachs, Morgan Stanley and Baird are the joint bookrunners on the deal. No pricing terms were disclosed.
