REV1

Rev1 Energy Expands Service Portfolio with the Acquisition of Engineered Electrical Services

Retrieved on: 
Tuesday, January 2, 2024
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TAMPA, Fla., Jan. 2, 2024 /PRNewswire/ -- Rev1 Energy, a leading services provider to the industrial energy industry, is thrilled to announce its recent acquisition of Engineered Electrical Services, a prominent electrical services provider based in Mulberry, Florida.

Key Points: 
  • TAMPA, Fla., Jan. 2, 2024 /PRNewswire/ -- Rev1 Energy, a leading services provider to the industrial energy industry, is thrilled to announce its recent acquisition of Engineered Electrical Services, a prominent electrical services provider based in Mulberry, Florida.
  • This strategic acquisition further extends Rev1's integrated services approach, including mission-critical electrical contracting engineering and design-build services for energy projects.
  • With this merger, Rev1 Energy strengthens its position as an integrated services provider for the energy industry, offering end-to-end services encompassing commissioning on demand, technology, operations, and electrical services.
  • "This has been a personal goal of mine since day one at Rev1 Energy," said Ricky Ehrgott, CEO of Rev1 Energy.

Dorman Products, Inc. Completes Acquisition of SuperATV, a Leading Supplier to the Powersports Aftermarket

Retrieved on: 
Tuesday, October 4, 2022
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The transaction was financed with a five-year $500 million incremental term loan facility obtained in connection with an amendment to the Companys existing credit agreement.

Key Points: 
  • The transaction was financed with a five-year $500 million incremental term loan facility obtained in connection with an amendment to the Companys existing credit agreement.
  • Dorman gives repair professionals and vehicle owners greater freedom to fix cars and trucks.
  • Founded in 2004, SuperATV employs highly skilled and industry expert men and women in all facets of design, manufacturing, sales and distribution.
  • SuperATV is recognized in the powersports aftermarket for its high-quality suspension, steering, portal gear lifts, lighting, storage, vehicle protection, drivetrain, maintenance, accessories, and other product lines.

Dorman Products to Acquire SuperATV, a Leading Supplier to the Powersports Aftermarket

Retrieved on: 
Thursday, August 18, 2022
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COLMAR, Pa., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ:DORM), a leading supplier in the motor vehicle aftermarket industry, today announced that it has entered into a definitive agreement to acquire Super ATV, LLC (“SuperATV”), for $490 million in cash at closing, plus an earn-out of up to $100 million in the aggregate payable over a two-year period subject to certain performance targets being achieved in 2023 and 2024. When adjusted for approximately $45 million present value of estimated tax benefits, the transaction value before earn-out is $445 million. The transaction is subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to close in the second half of 2022.

Key Points: 
  • SuperATV provides Dorman with a new growth platform by adding a leading independent supplier of aftermarket parts and accessories to the powersports industry who has a track record of growth fueled by new product innovation.
  • SuperATV is a leading independent supplier to the powersports aftermarket with a family of highly respected brands spanning functional accessories and upgrades, as well as replacement parts for specialty vehicles.
  • Additionally, Dorman anticipates significant opportunities to catalyze incremental growth via new product innovation through its New to the Aftermarket engine.
  • The combined company is expected to be a best-in-class powersports aftermarket platform with vertically integrated development, manufacturing and fulfillment capabilities.

COTA Partners with REV1 Ventures to Support Emerging Technologies and Startups through COTA GO! Mobility Lab Activation

Retrieved on: 
Tuesday, May 10, 2022
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COLUMBUS, Ohio, May 10, 2022 /PRNewswire-PRWeb/ -- The Central Ohio Transit Authority (COTA) and REV1 Ventures, the Columbus startup studio that helps startups scale and corporations innovate, today announced a partnership to find and support emerging technologies through COTA's GO! Mobility Lab. As the mobility industry continues to evolve, COTA is focusing on innovations and partnerships that will help to deliver equitable, accessible public transit services and keep Central Ohio at the forefront of smart mobility innovation.

Key Points: 
  • COLUMBUS, Ohio, May 10, 2022 /PRNewswire-PRWeb/ -- The Central Ohio Transit Authority (COTA) and REV1 Ventures, the Columbus startup studio that helps startups scale and corporations innovate, today announced a partnership to find and support emerging technologies through COTA's GO!
  • Through this collaboration, Rev1 Ventures and COTA are working on advancing new technologies in customer experience, mobility planning, and operational excellence by tapping into emerging technologies and startups looking to transform the ease of use and access to public transportation mobility options.
  • Mobility Lab provides an innovation workspace to bring entrepreneurs and technology together with the COTA innovation team to work side-by-side on smart mobility projects.
  • Rev1 has $120MM in capital under management, providing a capital continuum from corporate and community partners and the Ohio Third Frontier.