Elkhart, Ind.-based Skyline Corp. announced that its recently formed Special Committee of the Board of Directors has retained Western Reserve Partners LLC as its financial advisor and Ice Miller LLP as its legal advisor to assist the committee in its evaluation of strategic initiatives.
Skyline recently sold its RV interests to Middlebury, Ind.-based EverGreen Recreational Vehicles LLC to concentrate on its manufactured housing business.
According to a news release, the Special Committee is comprised of three independent directors of Skyline Corporation, John C. Firth (Chairman), Jerry Hammes and Samuel S. Thompson.
The release stated that Skyline’s board and management remain committed to executing the company’s strategic plan and to continuing to drive value creation for all shareholders. There is no set timetable for the review process, and there is no guarantee that any transaction will ultimately take place as a result of the review.