Merion Investment Partners successfully exited their investment in Midwest Automotive Designs through its acquisition by REV Group, enhancing REV's luxury vehicle portfolio.

Information on the Target

Midwest Automotive Designs LLC, based in Elkhart, Indiana, is a prominent custom van upfitter renowned for crafting luxury vehicles tailored to various segments, including motorhomes, shuttle vans, limousines, and customized executive transportation solutions. Under the stewardship of its founder, Tim Gray, and a skilled management team partnered with Merion Investment Partners, the company has witnessed substantial growth during the investment period.

During this time, Midwest Automotive Designs experienced impressive revenue and EBITDA growth rates, achieving a compound annual growth rate (CAGR) of 32% and 24%, respectively. This remarkable performance underscores the company's strong market position and the effectiveness of its operational strategies.

Industry Overview in the Target's Specific Country

The vehicle manufacturing industry in the United States is characterized by a diverse range of segments, including specialty and luxury vehicle production. With a