REV Group sells ElDorado National transit bus division to Rivaz Inc. for $52 million.

REV Group, a specialty vehicle manufacturer in Brookfield, has sold its transit bus division, ElDorado National (California) Inc., to Rivaz Inc. for $52 million. The company intends to use the proceeds to reduce debt. The ENC facility in Riverside, California, has been part of the mass transit sector for 50 years, and REV Group previously announced plans to cease ENC operations by the end of fiscal 2024.

October 18, 2024
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