Excerpts from a REV Group press release:
(April 11, 2016) – REV Group, Inc. (“REV Groupâ€), a leading manufacturer of specialty vehicles for commercial, fire & emergency, and recreation markets, announced today the acquisition of Kovatch Mobile Equipment Corp. (“KME†or “the Companyâ€).
Founded in 1946 and based in Nesquehoning, Pennsylvania, KME has grown to employ over 800 people across operations in Pennsylvania, Virginia, New York, and California. The company specializes in producing high-quality, customized specialty vehicles such as fire apparatus (pumpers, aerials, tankers), rescue vehicles, and fuel trucks. These products are sold globally to fire-rescue, military, aviation, and industrial customers.
John Kovatch III, President and CEO of KME, shared his thoughts on the deal: “Over the past 70 years, our family and associates have proudly served our customers. We’re proud of what our employees have achieved and appreciate their dedication. REV Group has deep expertise in the specialty vehicle industry, and we look forward to growing even further with them.â€
Following the transaction, John Kovatch III will step down from his role at KME but will remain involved during the transition period, working closely with Tim Sullivan, CEO of REV Group.
The KME headquarters and primary manufacturing site will stay in Nesquehoning, PA. Additional facilities in Roanoke, VA; Ontario, CA; Albany, NY; and Rockaway, NJ will continue to play a key role in the company’s operations. KME also maintains a strong dealer network that will continue to promote and sell its products worldwide.
Tim Sullivan, CEO of REV Group, said, “We are thrilled to welcome KME into the REV Group family. KME brings a strong brand, talented team, and world-class product line that will enhance our ability to serve customers and dealers across the country. John’s industry experience will be valuable moving forward, and I look forward to working with him. Congratulations on the leadership that has built this outstanding business.â€
The acquisition is expected to close early in the second quarter of 2016.
Excerpts from TimesNewsonline.com:
Kovatch Corporation, one of Carbon County’s largest employers, is selling its fire truck division to a Florida-based company. However, local employees are not expected to be affected by the move, according to company officials.
A deal is being finalized to sell the Nesquehoning-based fire truck manufacturer to REV Group, a Florida-based company that owns several specialty vehicle manufacturers.
John Kovatch IV, the company’s vice president and customer service director, confirmed the deal on Monday. He noted that only the emergency vehicle business is being sold. The sale is expected to be completed this week. Employees were informed of the news on Monday, and Kovatch IV expressed optimism that the number of jobs in Nesquehoning will increase after the transaction.
Both companies are privately held. REV Group recently changed its name from Allied Specialty Vehicles.
John Kovatch IV’s grandfather, John “Sonny†Kovatch II, founded the business in 1946, and the company opened its first manufacturing facility in 1950 at the intersection of Routes 209 and 54. Since then, it has grown to become Carbon County’s largest employer, with more than 700 employees. John Kovatch III currently serves as the company’s CEO.
Kovatch IV emphasized that no changes will affect local employees, and he expects hiring to increase at the Nesquehoning site once the deal is complete. “This is a great opportunity for all of our employees and customers,†he said.
Excerpts from WFMZ.com:
KME Fire and Rescue, located in Nesquehoning, Carbon County, is being acquired by Orlando, Florida-based REV Group.
KME owner John Kovatch stated that no jobs will be lost as a result of the purchase. In fact, the company anticipates adding more jobs in the future.
“This is a merger that will put us among the top players in the industry,†he said.
The KME name will remain unchanged. The deal has been in the works since September and could be finalized as early as Friday. Employees were informed of the news on Monday morning.
KME produces heavy-duty vehicles, including fire trucks, garbage trucks, and some military vehicles. The company, which was founded in 1946, employs approximately 700 people.
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