A year from now Milwaukee-based specialty vehicle maker REV Group Inc. will have about 200 employees in the city, up from its current headcount of 110, chief executive officer Tim Sullivan told BizTimes Milwaukee.
The company announced a $1.9 million restructuring effort on its most recent earnings call, expected to generate $20 million in annualized savings. The plan included the closure of REV Group’s Miami office and consolidating some production operations.
While REVGroup’s overall headcount will decline, the number of Milwaukee employees will increase.
REV Group was built over more than a decade through more than a dozen acquisitions across the specialty vehicle industry. That growth contributed to a growing corporate operation as each new business was integrated into the whole.
“The corporate organization had gotten quite large,” Sullivan said in an interview, noting the company had completed four acquisitions and launched two joint ventures and a Brazilian subsidiary in the last year.
For the full story click here.