Merit Capital Partners has sold Ferrara Fire Apparatus to REV Group
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that it has represented Merit Capital Partners (“Merit”) and Management in the sale of Ferrara Fire Apparatus, Inc. (“Ferrara” or the “Company”) to REV Group, Inc. (NYSE: REVG). Terms of the transaction were not disclosed.
Founded in 1988 and headquartered in Holden, Louisiana, Ferrara is a leading custom fire apparatus and rescue vehicle manufacturer that engineers and manufactures vehicles for municipal and industrial customers. Ferrara’s product portfolio includes multiple fire apparatus configurations tailored to the specific requirements and demands of the fire service industry — including custom builds on their own chassis, as well as solutions on commercially available chassis. The Ferrara brand has a long history of product innovation built around a commitment to heavy duty vehicle construction. The Company employs more than 450 employees with annual revenue of approximately $140 million.
Ben Yarbrough, Managing Director at Merit, said, “Lincoln’s specialty vehicle experience, buyer knowledge and senior banker commitment were critical in achieving an excellent outcome for Ferrara’s shareholders.”
Lincoln acted as the exclusive financial advisor, working closely with shareholders and management throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
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