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REV Group buys KME fire truck division
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A recent announcement from REV Group caught the attention of many in the emergency vehicle industry. The company, known for producing specialized vehicles across various sectors, has revealed plans to acquire Kovatch Mobile Equipment Corp., commonly referred to as KME. This acquisition marks a significant milestone for both entities, promising enhanced opportunities for growth and innovation.
Based in Nesquehoning, Pennsylvania, KME has built a solid reputation since its inception in 1946. With over 800 employees spread across multiple locations including Pennsylvania, Virginia, New York, and California, KME specializes in crafting high-quality custom vehicles for firefighting, military, aviation, and industrial purposes. Their product lineup includes iconic models such as pumpers, aerials, tankers, rescue units, and fuel trucks.
In a statement released to the press, John Kovatch III, current President & CEO of KME, expressed pride in the company’s achievements over seven decades. "Our team has consistently delivered exceptional service," he noted. "Joining forces with REV Group opens new horizons for us, allowing us to reach even greater heights." As part of the transition, John will step down from his leadership role but will collaborate closely with Tim Sullivan, REV Group’s CEO, to ensure a seamless integration.
Despite the changes in management, KME’s core operations will remain intact. Facilities in Nesquehoning, Roanoke, Ontario, Albany, and Rockaway will continue operating under their existing frameworks. Additionally, KME’s expansive network of independent dealerships will persist in promoting the renowned KME brand globally.
Tim Sullivan echoed these sentiments, emphasizing the strategic value of integrating KME into REV Group. "This union strengthens our portfolio significantly," he remarked. "With KME’s rich legacy and seasoned workforce, we’re poised to deliver unparalleled solutions tailored to meet evolving customer demands."
Interestingly, local reports suggest that no layoffs are anticipated due to this merger. Instead, Kovatch IV, Vice President of Customer Service, anticipates potential job increases post-acquisition. "We see this as a win-win scenario for everyone involved," he shared. "Not only does it secure our current workforce, but it also paves the way for future expansion."
The deal, valued at millions, is expected to close within the next few months. While specifics regarding financial details remain undisclosed, industry analysts predict positive outcomes for both parties involved. For now, residents of Carbon County can rest assured knowing their community’s largest employer remains committed to fostering growth and stability.
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