Firegeezer.com posted an article this afternoon which can be viewed HERE stating that Spartan Motors has sold Road Rescue effective immediately.
Road Rescue Ambulance Changes Owners
SPARTAN MOTORS INC. ANNOUNCED Monday that they have sold their Road Rescue ambulance business to a subsidiary of Allied Specialty Vehicles Inc. for $8 million. The sale was effective immeditely upon the announcement and it removes Spartan from the ambulance business entirely.
“We can now look forward to what the future holds for Spartan Motors as we focus on Emergency Response and leverage the strengths of our two great brands, Crimson Fire and Spartan Chassis,” Spartan CEO John Sztykiel said in a statement.
Automotive World reports:
The company originally announced a realignment of its business in June in order to focus its resources on the highest growth and profit opportunities. It had planned to exit its underperforming Road Rescue ambulance operation by the end of 2010. The transaction includes substantially all of Road Rescue’s assets, including the trade names and intellectual property associated with the business which is located wholly in Marion, South Carolina.
Sztykiel further stated: “With this sale, we are delivering on the commitments we made when we announced our exit from the Road Rescue business … We can now look forward to what the future holds for Spartan Motors as we focus on Emergency Response and leverage the strengths of our two great brands, Crimson Fire and Spartan Chassis. Over the last 12 months, Spartan has evolved, as has the Emergency Response market, and the Road Rescue operation is not large enough to justify the resource commitment when we have greater potential elsewhere. Road Rescue partnered with another ambulance company, where there is additional scale and product breadth, would be a real asset.”
