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ORLANDO, Fla –– Allied Specialty Vehicles (ASV), a leading $1 billion sales producer of specialty vehicles to the Fire & Emergency, Commercial & Industrial and Recreational Vehicles markets worldwide, today announced the purchase of the Monaco, Holiday Rambler and R-Vision recreational vehicle businesses and a collection of iconic brands, including Beaver and Safari (among others) from Navistar, Inc. (NYSE: NAV).

"ASV is honored to welcome all of the existing Monaco, Holiday Rambler, R-Vision, Beaver and Safari customers and an exceptional network of dealer partners to the ASV family," said Peter Guile, CEO of ASV. "The ASV team is committed to providing our customers and dealers with exceptional product, service and support, and we are fully committed to re-establish the product leadership and extraordinary reputation for innovation, quality and service for which the Monaco family of brands has been known."

"ASV is pleased to welcome Mike Snell as President of Monaco and Holiday Rambler," said Guile. "Mike has made an invaluable contribution to the Monaco brands and the industry over his 20-year career with Monaco RV, and we look forward to his leadership during this new, exciting phase of growth."

"We join the ASV family fully energized with worthy goals and high hopes as we jointly work to rebuild our iconic and proud RV industry brands," commented Mike Snell. "With the commitment and support of ASV we'll focus on developing innovative, distinct and aspirational products in keeping with the long and rich tradition of our brands. I look forward to working with our team, our dealers and our customers to make this vision a reality."