Thor Industries, Inc.
Classification
Public
About
About
Thor Industries, Inc. was founded on August 29, 1980, by Wade F. B. Thompson and Peter B. Orthwein, with its headquarters located in Elkhart, Indiana. The company was established through the acquisition of the Airstream brand and has since grown into a global manufacturer of recreational vehicles (RVs). Thor Industries went public in 1984 and has expanded its market presence significantly through a strategy of organic growth and key acquisitions, including Keystone RV, Erwin Hymer Group, and the Tiffin Group. The company manages a comprehensive portfolio of operating subsidiaries that function independently while leveraging shared resources, positioning itself as a prominent leader in the recreational vehicle sector. Business/Product Breakdown Thor Industries designs, manufactures, and sells a wide variety of recreational vehicles (RVs) and related parts and accessories through its family of companies in North America and Europe. The company's product offerings are categorized primarily into towable recreational vehicles, such as travel trailers and fifth wheels, and motorized recreational vehicles, which include Class A, Class B, and Class C motorhomes. Its portfolio features well-known brands including Airstream, Jayco, Keystone RV, Tiffin Motorhomes, and the European-based Erwin Hymer Group. Beyond vehicle manufacturing, the company supplies aftermarket components through its Airxcel subsidiary. In recent years, Thor has undertaken strategic initiatives to streamline operations and modernize its brand, such as a 2019 corporate rebranding and a 2025 organizational realignment that integrated Heartland Recreational Vehicles under the Jayco brand to enhance operational efficiency.
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
Keywords
Keywords
Classified
Private