Lance bought out by REV GROUP

Maybe they will be able to afford to crown their roofs now! :)

TurnThePage wrote:
Maybe they will be able to afford to crown their roofs now! :)

I think that would be a big improvement and help increase sales.

The new ones are crowned. Just bought one.

That's great to hear! Congrats!

Thanks. I was climbing around on the roof yesterday making sure! We pick it up on the 23rd. Very excited!

Yes, the roofs have been crowned for awhile now, and they've also moved from TPO to PVC for the roofing material.

I think this will be a great move by REV Group and Lance, both!

"Sad that another smaller MFG is now bought out. "

Maybe for you, but maybe not for the owners. They have spent decades building their company, and maybe, now they can enjoy the fruits of their labors.

Why do so many people think a small company can produce a better product at a lower price than a large company? Economies of scale definitely are a plus. Combining office expenses, insurance, etc. Purchasing power. There are so many reasons that this merger can be beneficial.

Almost every large company started as a small family operation. Do you think Apple would be making as many iPhones, etc., if they didn't get funding from venture capital firms?

Yes, sometimes a big company buys a smaller company, and quality is sacrificed for quantity. But, since the founders are staying on, there is a very good chance they have written many safeguards into the purchase agreement. And, maybe the buyers realize that RVs are a commodity, and only quality will allow them to sell higher-priced RVs.

Mom and Pop can't always finance growth that is called for, if they want to supply all the demand a quality product may generate. Lance is expanding their manufacturing operations, I believe, and maybe the added capital will allow them to make even better units.

I just don't understand why some people think growth is automatically bad!

So much for the TT market being so lucrative the manufacturers wheel barrel their money to the bank.

It is like most businesses in a crowded environment. You get big or you get out.

The folks at Jayco made the same decision, do I want to keep this investment or do I want to sell and invest elsewhere.

I'm not a fan of the sold-out version of Jayco. They used to sell some very nice, shorter half ton towable models. Not so much anymore. Lance was very close to having it all figured out...

avoidcrowds wrote:
"Sad that another smaller MFG is now bought out. "

Maybe for you, but maybe not for the owners. They have spent decades building their company, and maybe, now they can enjoy the fruits of their labors.

Why do so many people think a small company can produce a better product at a lower price than a large company? Economies of scale definitely are a plus. Combining office expenses, insurance, etc. Purchasing power. There are so many reasons that this merger can be beneficial.

Almost every large company started as a small family operation. Do you think Apple would be making as many iPhones, etc., if they didn't get funding from venture capital firms?

Yes, sometimes a big company buys a smaller company, and quality is sacrificed for quantity. But, since the founders are staying on, there is a very good chance they have written many safeguards into the purchase agreement. And, maybe the buyers realize that RVs are a commodity, and only quality will allow them to sell higher-priced RVs.

Mom and Pop can't always finance growth that is called for, if they want to supply all the demand a quality product may generate. Lance is expanding their manufacturing operations, I believe, and maybe the added capital will allow them to make even better units.

I just don't understand why some people think growth is automatically bad!

I don't care about the owners making money.