Thor sells ambulance-making division
Posted: 05/06/2013 at 3:01 pm
By: Justin Leighty
Thor sold SJC Industries to Wheeled Coach Industries, a division of Allied Specialty Vehicles, Inc., a privately held company based in Florida.
Bob Martin, president and chief operating officer of Elkhart-based Thor, said in the company’s announcement of the sale, “The sale provides the opportunity to streamline our bus operations and refocus these assets on our core business in a way that leaves our Goshen Coach operation better positioned to take advantage of future opportunities.”
Thor purchased privately-held SJC in 2010 for about $20 million according to Thor’s filings with the U.S. Securities and Exchange Commission. In 2011, Thor combined SJC management and operations into Goshen Coach, one of its bus-building subsidiaries. SJC makes ambulances under the Marque and the McCoy-Miller brands.
Wheeled Coach agreed to pay roughly $12.5 million for the business, not including the joint manufacturing facility, according to a filing made Monday with the U.S. Securities and Exchange Commission.
Peter Guile, chief executive officer of ASV, said in the announcement, “I am pleased with the addition of the McCoy-Miller and Marque ambulance brands to the fire and emergency segment of Allied Specialty Vehicles, Inc. Both McCoy-Miller and Marque have been respected manufacturers within the ambulance industry for many years. ASV plans to build upon the strong reputation of the McCoy and Marque brands by supporting and enhancing their respective dealers and providing an outstanding customer experience.”
In addition to emergency vehicles, ASV owns companies that make buses and also owns Fleetwood RV, which is based in Decatur. southeast of Fort Wayne.