RV Maker KIT Manufacturing Company to Explore Strategic Alternatives

LONG BEACH, Calif., May 21 KIT Manufacturing Company today announced that it has recently retained investment bank SG Capital to assist with an evaluation of strategic alternatives designed to enhance KITS shareholder value. The action was recommended by a special committee of the board of directors, composed of two of the board's outside members, which was organized for the purpose of selecting an advisor.

KIT Chairman and CEO Dan Pocapalia commented, "KIT Manufacturing has a rich history of innovation and success in producing quality recreational vehicles (RVs) and manufactured homes. However, we do not believe that our accomplishments are adequately reflected in KIT's share price. We look forward to SG Capital's assistance as we examine alternatives to enhance shareholder value."

In its 55th year of continuous operation, KIT Manufacturing Company remains America's value leader. The Company makes RVs under well known brand names such as Road Ranger, Companion, Millennium, and Extreme. Additionally, KIT also constructs both single-section and multi-section manufactured homes under brand names that include Cypress, Chateau, Sierra XL, Sunrise, and Golden State. The Company sells its RVs and manufactured homes through a network of more than 160 dealers in the western US and Canada.

SG Capital, headquartered in Los Angeles, California, is an investment bank focused on advising middle-market companies on matters relating to mergers, acquisitions, divestitures, debt and equity financings, debt restructurings, recapitalizations, and corporate governance issues. SG Capital's experienced team of investment banking professionals has advised on over $30Bn in completed transactions.