REVG News & Events

Texas Attorney General Ken Paxton has opened an investigation into firetruck manufacturers for potential anticompetitive conduct following complaints raised by Texas municipalities and their fire departments. In recent years, fire departments across Texas have experienced dramatic price increases for essential firefighting equipment-including aerial ladder trucks, pumper engines, tanker trucks, and rescue vehicles-along with significant delays in delivery. This has strained local budgets and forced firefighters to rely on aging or inadequate fleets, hampering their ability to protect Texas communities. These price spikes, often reaching hundreds of thousands of dollars per vehicle, have coincided with industry consolidation and suspicious plant closures during peak demand. The manufacturers under investigation include REV Group (REVG), Oshkosh Corporation (OSK), and Rosenbauer Group. Attorney General Paxton has issued Civil Investigative Demands demanding documents and information related to their business practices from all three companies as part of this ongoing investigation.

Terex (TEX) announced the successful completion of its merger with REV Group (REVG) to form a premier specialty equipment manufacturer with a diversified portfolio and strong growth prospects. 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 (TEX).

Terex (TEX) and REV Group (REVG) have each received the necessary stockholder approvals to complete the merger of Terex and REV at each company's Special Meeting of Stockholders. The companies expect to close the transaction in the first week of February 2026, subject to the satisfaction or waiver of the remaining closing conditions.