Summit Partners drives off with $500M for Grand Design
October 05, 2016
Automotive | Middlebury, IN | Corporate Acquisition
Summit Partners has agreed to sell Grand Design RV to Winnebago Industries (NYSE: WGO) for about $500 million in cash and newly issued Winnebago stock. Founded in 2012 and backed by Summit Partners since 2014, Grand Design is a manufacturer of RVs, fifth wheels, travel trailers and other related products.