IN THE NEWS: AIP Forms Specialty Vehicle Powerhouse

American Industrial Partners Capital Fund IV, L.P. announced the formation of Allied Specialty Vehicles Inc. (ASV), a market leader with revenue of about $1 billion in three industry segments: fire and emergency, recreational vehicles and bus and industrial.

ASV was formed through the combination of four existing portfolio companies of AIP – E-ONE Inc., Collins Industries Inc., Halcore Group Inc. and Fleetwood RV Inc., which is scheduled to be combined in the fourth quarter of this year.

Within the fire and 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, ASV offers a full line of ambulances under the Horton, Wheeled Coach, American Emergency Vehicles and Leader Emergency Vehicles brand names.

Allied Specialty Vehicles will be led by President and CEO Randall Swift, who has many years of experience partnering with AIP through its Collins Industries holding. Each division will continue to be led by its existing president and CEO who include Peter Guile (E-ONE), John Draheim (Fleetwood RV), Robert Collins (Wheeled Coach), Kent Tyler (Collins Bus, Mid Bus, Corbeil Bus), Mark VanArnam (American Emergency Vehicles), Phillip Ford (Capacity and Lay-Mor), and Gary Hunter (Leader Emergency Vehicles).

“Allied Specialty Vehicles represents many of the top brand names in their respective markets together with one of the most experienced and successful leadership teams in the specialty vehicle industry,” Swift said. “We are all excited by the potential of this combination.”

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