OCALA, Fla — March 17, 2026 – E-ONE, a leading manufacturer of fire apparatus and emergency vehicles, today announced a $23.5 million investment in its manufacturing facility that will expand the company’s aerial production capacity by 35 percent and is intended to reduce lead times for fire departments ordering critical equipment needed to help keep their communities safe.
Fire departments across North America are facing increasing demand for modern ladder trucks and aerial firefighting platforms to support urban and suburban emergency response. The expansion will enhance E-ONE’s ability to meet this growing demand while improving manufacturing efficiency across its Ocala campus.
“This investment reflects E-ONE’s unwavering commitment to the firefighting industry,” said Mike Virnig, President, Specialty Vehicles segment at Terex Corporation. “Every day of reduced delivery time means people and property are better protected, and that drives our continuous improvement in manufacturing excellence.”
Key benefits of E-ONE’s facility expansion
Increase aerial production capacity: Expanded production capabilities will enable E-ONE to increase aerial output by 35 percent while helping to reduce delivery timelines.
Expand manufacturing facilities: The project includes expansion of the existing assembly, fabrication and paint facilities, as well as new construction to support ladder manufacturing and assembly operations.
Improve and expand paint facility: Doubling the size of paint operations will enhance production throughput, improve quality and increase overall efficiency.
Establish a ladder build center of excellence: A dedicated ladder manufacturing facility will address current production constraints and support future capacity expansion.
Focused aerial body assembly and completion: Construct a new, focused facility to allow increased assembly capability, flexibility, and line rate output within the aerial complex.
Reduce testing bottlenecks: Construction of a second test pit at the Ocala campus will eliminate a single point of failure and improve product flow across all E-ONE product lines.
A groundbreaking ceremony will be held at E-ONE’s facility in Ocala, FL in the next couple months to be attended by state and local legislators, local fire chiefs, E-ONE fire apparatus dealers and community leaders.
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About E-ONE, Inc.
For over 50 years, E-ONE has been a leading fire apparatus manufacturer, making emergency vehicles, rescue trucks, aerial fire trucks, rescue pumpers and custom fire apparatus. Headquartered in Ocala, Florida, E-ONE is an industry leader in product innovations, new technologies and exceeding customer expectations. E-ONE is owned by Terex Corporation (NYSE: TEX)
About Terex
Terex Corporation is a global leader in specialized equipment solutions, serving essential sectors such as emergency services, waste and recycling, utilities, and construction. Our diversified portfolio positions us in resilient, high-demand markets with strong long-term growth potential. We design and manufacture advanced specialty vehicles—including fire, ambulance, and recreational vehicles—alongside waste collection vehicles, materials processing machinery, mobile elevating work platforms, and equipment for the electric utility industry. Through our global dealer, parts and service network and value-creating digital solutions, we deliver best-in-class lifecycle support, helping customers maximize return on investment. With a strong manufacturing footprint in the United States and operations across Europe, India, and Asia Pacific, Terex combines global reach with local expertise to capture opportunities worldwide. Our strategy is clear: exceed customer expectations, invest in innovation, leverage our diversified portfolio, and deliver consistent, profitable growth for our shareholders. For more information, please visit www.terex.com.
NORWALK, Conn. – Feb. 2, 2026 /PRNewswire/ — Terex Corporation (NYSE: TEX) today announced the successful completion of its merger with REV Group (NYSE: REVG) to form a premier specialty equipment manufacturer with a diversified portfolio and strong growth prospects.
“The combination with REV Group is a defining moment in Terex’s transformation. It creates a large-scale leader with a wide range of specialty equipment and a highly synergistic portfolio at the same time. The merger positions the company quite uniquely to accelerate profitable growth with a much more resilient top line,” commented Simon Meester, Terex President & Chief Executive Officer. “We look forward to leveraging the best of both organizations and creating real value for our customers and shareholders.”
Combining the complementary portfolios will unlock significant value-creating synergies totaling $75 million of run-rate value in 2028 with approximately 50% to be achieved over the next twelve months. Both Terex and REV Group have demonstrated their ability to successfully execute large integrations and deliver expected synergy value. In addition, the resulting combined company features lower capital intensity with an attractive leverage profile and strong free cash flow.
In connection with the completion of the merger, REV stock ceased trading and is no longer listed on the New York Stock Exchange. The combined company will trade on the New York Stock Exchange as Terex Corporation (NYSE: TEX).
Advisors
Barclays served as exclusive financial advisor, Fried, Frank, Harris, Shriver & Jacobson LLP and Pryor Cashman LLP served as legal counsel, and Joele Frank, Wilkinson Brimmer Katcher served as strategic communications advisor to Terex. J.P. Morgan served as exclusive financial advisor, and Davis Polk & Wardwell LLP served as legal counsel, and Brunswick Group served as strategic communications advisor to REV Group.
About Terex
Terex Corporation is a global leader in specialized equipment solutions, serving essential sectors such as emergency services, waste and recycling, utilities, and construction. Our diversified portfolio positions us in resilient, high-demand markets with strong long-term growth potential.
We design and manufacture advanced specialty vehicles—including fire, ambulance, and Recreational Vehicles—alongside waste collection vehicles, materials processing machinery, mobile elevating work platforms, and equipment for the electric utility industry. Through our global dealer, parts and service network and true value-creating digital solutions, we deliver best-in-class lifecycle support, helping customers maximize return on investment.
With a strong manufacturing footprint in the United States and operations across Europe, India, and Asia Pacific, Terex combines global reach with local expertise to capture opportunities worldwide. Our strategy is clear: exceed customer expectations, invest in innovation, leverage our diversified portfolio, and deliver consistent, profitable growth for our shareholders.
For more information, please visit www.terex.com.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, which involve risks and uncertainties. Any statements about Terex’s or the combined company’s plans, objectives, expectations, strategies, beliefs, or future performance or events and any other statements to the extent they are not statements of historical fact are forward-looking statements. Words, phrases or expressions such as “will,” “creates,” “anticipate,” “believe,” “could,” “confident,” “continue,” “estimate,” “expect,” “forecast,” “hope,” “intend,” “likely,” “may,” “might,” “objective,” “plan,” “possible,” “potential,” “predict,” “project”, “target,” “trend” and similar words, phrases or expressions are intended to identify forward looking statements but are not the exclusive means of identifying such statements. Forward-looking statements are based on information available and assumptions made at the time the statements are made. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Forward-looking statements in this communication include, but are not limited to, statements about the expected benefits to Terex or the combined company arising from the completion of the transaction between REV and Terex (the “Transaction”), the expected value-creating synergies that may be achieved by the combined company, the expected lower capital intensity and attractive leverage profile of the combined company, and other statements that are not historical facts.
The following Transaction-related factors, among others, could cause actual results to differ materially from those expressed in or implied by forward-looking statements: the risk that the benefits from the Transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in, or problems arising from, general economic and market conditions, interest and exchange rates, monetary policy, trade policy (including tariff levels), laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which REV and Terex operate; any failure to promptly and effectively integrate the businesses of REV and Terex; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risk and potential adverse reactions of REV’s or Terex’s customers, employees or other business partners, including those resulting from the completion of the Transaction; Terex’s issuance of additional shares of its capital stock in connection with the Transaction; the risk that Terex’s exploration of strategic options to exit its Aerials segment may not be successful or that any transaction entered into with respect to Terex’s Aerials segment is not on favorable terms; and the diversion of management’s attention and time to the Transaction and the exploration of strategic options with respect to the Terex Aerials segment and from ongoing business operations and opportunities; and the outcome of any legal proceedings that may be instituted against REV or Terex in connection with the Transaction.
Additional important factors relating to Terex that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, the risks and contingencies detailed in Terex’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other filings with the U.S. Securities and Exchange Commission (the “SEC”).
These factors are not necessarily all of the factors that could cause Terex’s or the combined company’s actual results, performance, or achievements to differ materially from those expressed in or implied by any forward-looking statements. Other unknown or unpredictable factors also could harm Terex’s or the combined company’s results.
All forward-looking statements attributable to Terex or the combined company, or persons acting on Terex’s behalf, are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made, and Terex does not undertake or assume any obligation to update publicly any of these statements to reflect actual results, new information or future events, changes in assumptions, or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If Terex updates one or more forward-looking statements, no inference should be drawn that Terex will make additional updates with respect to those or other forward-looking statements. Further information regarding Terex and factors that could affect the forward-looking statements contained herein can be found in Terex’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC.
WINTER PARK, Fla – Nov. 20, 2025 – Wheeled Coach, a brand of REV Group, Inc.’s subsidiary REV Ambulance Group Orlando, Inc., and an industry-leading manufacturer of emergency vehicles, is pleased to announce that Feld Fire Equipment, is now the official dealer for Wheeled Coach vehicles and equipment in Colorado and Wyoming.
Feld Fire, a longtime dealer for Wheeled Coach ambulances in Iowa, Kansas, Missouri and Nebraska, is now expanding into Colorado and Wyoming.
Feld Fire has been in business for over 75 years, with three facilities in Carroll, Iowa, and Grain Valley and Olivette, Missouri. The business carries a complete supply of parts and stock for all noted builds as well as more than $2 million in inventory across its locations.
“As we celebrate 80 years in business, this expansion marks a powerful step forward in our mission at Feld Fire as we continue to support first responders, departments, and communities,” said Mindie Simons, apparatus sales manager, Feld Fire. “For eight decades, our focus has been on reliability, service, and safety — and this next chapter strengthens our ability to serve even more communities with the same dedication that has defined us since day one.”
“We are very excited to partner with Feld Fire in Colorado and Wyoming,” said Abel Del Rio, sales director, Wheeled Coach. “The company has a strong reputation for sales and service, and we look forward to working with them to grow the Wheeled Coach brand in these states.”
For more information, please visit https://wheeledcoach.com/ and https://www.feldfire.com/
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About Wheeled Coach
Wheeled Coach is a brand of REV Ambulance Group Orlando, Inc., a subsidiary of REV Group, Inc. (NYSE: REVG), and is a premier manufacturer of Type I, Type II, Type III and Medium-Duty ambulances for municipal and commercial emergency departments. Built to perform under the most demanding conditions, Wheeled Coach ambulances deliver mission-critical durability. Wheeled Coach leads the industry with more firsts than any other ambulance manufacturer, including being the first to conduct IHS Side Impact Criteria Crash and Roll-Over Testing. It manufactures a full line of ambulances at its production facility in Winter Park, Florida. Since 1975, Wheeled Coach has been Trusted by the Toughest®.
About REV Group, Inc.
REV Group companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in the United States, through two segments: Specialty Vehicles and Recreational Vehicles. The Specialty Vehicles Segment provides customized vehicle solutions for applications, including essential needs for public services (ambulances and fire apparatus) and commercial infrastructure (terminal trucks and industrial sweepers). REV Group’s Recreational Vehicles Segment manufactures a variety of RVs from Class B vans to Class A motorhomes. REV Group’s portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group’s brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG
Press Contacts:
Julie Nuernberg | Sr Director Marketing & Communications
GROVE CITY, OH – Nov. 13, 2025 – Horton Emergency Vehicles, a brand of REV Group Inc., and a leader in ambulance safety, is expanding its manufacturing footprint in Grove City, OH, with the $2.6M purchase of an adjacent building.
This new 20,000 square foot building will focus on final assembly and the delivery processes and is expected to reduce delivery times and enhance customer experience. In addition, the property will help open extra space in the current assembly operations and offers additional parking for employees and in-process ambulances. Located at 3873 Gantz Road, the Horton team expects to be operating in the facility in early 2026.
“We were delighted when a property adjacent to Horton’s assembly plant became available and REV Group was able to move quickly and allocate the capital expenditure,” said Mike Albers, vice president and general manager, Horton Emergency Vehicles. “This expansion allows us to provide additional space for our employees to manufacture and deliver our high-quality Horton ambulances to our dealers and customers quicker, which helps to protect their people and communities.”
Horton settled in Grove City, OH in 1994, and its current facility and offices are located at 3800 McDowell Road. With over 100,000 square feet, the facility has been designed specifically for manufacturing high quality, custom-designed emergency medical vehicles and is equipped with advanced engineering and computer-technology support for manufacturing as well as customer service.
Since 1968, Horton has manufactured emergency vehicles and currently designs and builds Type 1, Type 3 and Critical Care Transport units for fire departments and hospitals, serving a nationwide market. Horton is known for employing rigorous testing and an emphasis on safety, quality, and customization.
Find out more information, visit www.hortonambulance.com.
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About Horton Emergency Vehicles
Founded in 1968, Horton Emergency Vehicles, a division of Halcore Group, Inc., is a REV Group company. Horton® ambulances are among the industry’s most technically innovative and customized ambulances and are synonymous with high quality. The exclusive Horton Occupant Protection System (HOPS) keeps the ambulance crew safe while working in the patient compartment. With a manufacturing facility in Grove City, Ohio, Horton ambulances have Strength & Safety in Every Detail™.
About REV Group, Inc.
REV Group companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in the United States, through two segments: Specialty Vehicles and Recreational Vehicles. The Specialty Vehicles Segment provides customized vehicle solutions for applications, including essential needs for public services (ambulances and fire apparatus) and commercial infrastructure (terminal trucks and industrial sweepers). REV Group’s Recreational Vehicles Segment manufactures a variety of RVs from Class B vans to Class A motorhomes. REV Group’s portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group’s brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG
Press Contacts:
Julie Nuernberg | Sr Director Marketing & Communications
