Timothy W. Sullivan Appointed Chief Executive Officer ORLANDO

Timothy W. Sullivan Appointed Chief Executive Officer
ORLANDO, FL., August 11, 2014 -- Allied Specialty Vehicles, Inc. (“ASV” or the “Company”) today
announced the appointment of Timothy W. Sullivan as Chief Executive Officer, effective
immediately.
John Becker, Partner of American Industrial Partners (“AIP”), ASV’s majority shareholder, and
Chairman of ASV commented: “We are extremely excited to partner with Tim Sullivan again as the
CEO of one of our portfolio companies. As CEO of Bucyrus International, Inc., Tim grew the
business more than tenfold over a decade and created one of the world’s leading and most valuable
diversified producers of mining equipment. Tim is one of the most talented CEOs we have worked
with and his experience and capabilities are particularly well suited for ASV.”
“We would like to thank Peter for his significant contribution to ASV’s growth over the past seven
years”, said John Becker. “ASV is performing strongly today and has leadership positions in growing,
attractive end markets. We look forward to Peter’s continued involvement as an advisor to the Board
of Directors.”
“I am excited about becoming the CEO of ASV and look forward to working with ASV’s employees,
dealers and suppliers to deliver winning products and solutions to the Company’s customers.” said
Tim Sullivan. “ASV’s scale, diversity, talented employee base, and strong brand portfolio are unique
in the specialty vehicle market and I look forward to the many growth opportunities ahead.”
Timothy Sullivan
Mr. Sullivan joined Bucyrus International, Inc. in June 1976 and held various senior management
positions before becoming Chief Executive Officer in January 2000, having returned to Bucyrus after
serving as the CEO of United Container Machinery. In the decade after becoming Bucyrus CEO, Mr.
Sullivan grew revenue 14 fold to $3.8B, EBITDA 850 fold to $850M and employment 12 fold to
11,800. After leading the 8th best performing initial public offering in the U.S. in 2004, Bucyrus was
the 25th and the 8th fastest growing company in the U.S. in 2009 and 2010 respectively. Mr. Sullivan
retired from Bucyrus in July 2011 after completing the sale of the company to Caterpillar, Inc. and
growing shareholder value more than 1,500% between 2004 and 2010. From July 2013 to June 2014,
Mr. Sullivan was the Chairman and CEO of Gardner Denver, Inc, a KKR owned portfolio company.
He is a past Director of Bucyrus International, Inc., Children’s Hospital of Wisconsin, Cliffs Natural
Resources, Inc., Crosby, Inc., Generac, Inc., Greater Milwaukee Committee, Milacron, Inc., Southeast
Wisconsin Business Health Coalition, Medical College of Wisconsin, Milwaukee School of
Engineering, National Mining Association in Washington, D.C., Northwestern Mutual Life Insurance
Company and the University of Wisconsin Milwaukee Business Advisory Council.
Mr. Sullivan earned a Bachelor of Science degree in Business Administration from Carroll University
in 1975 and a Masters in Business Administration from American Graduate School of International
Management in 1976.
Allied Specialty Vehicles (ASV) ASV is one of North America’s leading manufacturers of specialty vehicles serving three market
segments: Commercial, Fire & Emergency and Recreational vehicle markets. Within the Commercial
segment ASV offers a full line of buses, terminal trucks and sweeper vehicles. The Fire & Emergency
segment offers a full line of Fire Apparatus and Ambulances. Within the Recreational Vehicle the
company produces motorized RV's under many of the industry’s most iconic brands. For more
information, visit us at www.alliedsv.com <http://www.alliedsv.com>
This release contains forward looking statements pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, including statements regarding prospective financial
information that is based on assumptions and estimates that are inherently uncertain. Such
assumptions and estimates may not be realized and are subject to significant business, economic and
competitive risks and uncertainties, including those described in the offering memorandum for our
senior secured notes, all of which are difficult to predict and many of which are beyond our control.
These and other risks and uncertainties may cause our estimated financial information to materially
adversely differ from our actual results. Accordingly, no assurance can be made that we will achieve
the results set forth in our estimated financial information, and investors should not place undue
reliance on our estimated financial information. Neither the Company’s independent auditors, nor
any other independent accountants, have compiled, examined or performed any procedures with
respect to the prospective financial information contained herein.
4776 New Broad Street, Suite 200 • Orlando, FL 32814

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