Leonard family closes deal to become distributor of IC Bus school and commercial buses in Florida

August 1, 2012, Jacksonville, FL — There will be a new name in Florida for the sale and support of IC Bus™ brand buses, as LBS South today announced it has completed a deal with Jacksonville-based Rivers Bus and RV Sales for certain business assets and the distribution rights for IC Bus™  buses.

“The completion of the deal between Rivers Bus and LBS South is an important milestone for IC BusTM customers in Florida,” said Mike Leonard, President of LBS South.  “It marks the changing of the guard and sets the stage for LBS South to bring our award-winning customer support and commitment to excellence to our new Florida customers.”

LBS South is owned and operated by the Leonard family, a recognized leader in the school bus distribution industry and owner of Leonard Bus Sales in New York.  The company brings an industry-wide reputation as a leader in the sale and support of quality buses.

“IC Bus is pleased that Leonard Bus Sales is expanding operations in Florida, said John McKinney, President of Navistar Global Bus. “As the recipient of the “IC Bus Eastern Region Dealer of the Year” award in 2011, I am confident that LBS South will continue to excel in providing cost-effective transportation solutions to the market, matched by their unparalleled customer support.”

“We are looking forward to meeting and supporting our new customers,” said Leonard.  “When you buy a bus from LBS South, you not only get great buses and unparalleled customer support, but you also get a trusted advisor who cares about your success.”

LBS South will offer a range of training, service and support to customers by using mobile support vehicles and expanding the capabilities of the former Rivers Bus facility.

Leonard concluded, “The LBS South team is going to work tirelessly to exceed the expectations of the Florida school and commercial bus distribution markets.  We have a proud tradition of excellence and we intend on bringing it to Florida.  We are excited about the opportunity to bring quality IC BusTM brand buses, cost-saving fleet management services and award-winning customer support to our current and future Florida customers.”

The company has plans to expand its product-line, add an additional full-service distribution facility and employees to the Florida market.

About LBS South, LLC: LBS South is located in Jacksonville, Florida and is owned and operated by the Leonard family, a recognized leader in the distribution and support of quality, environmentally-friendly school and commercial buses.  In addition to LBS South, LLC, the Leonard family owns Leonard Bus Sales in New York and has nearly 50 years of experience in providing unmatched fleet management and customer support services having recently won the coveted IC BusTM “Eastern Region Dealer of the Year” award in 2011.  More information about LBS South can be found at www.lbssouth.com.

About IC Bus: IC Bus, LLC of Lisle, Ill., is a wholly-owned subsidiary of Navistar, Inc. (NYSE: NAV). The nation’s largest integrated manufacturer of school buses, IC Bus is a global leader in passenger protection, chassis design, engines and ergonomics. The company is also a producer of commercial buses. All IC Bus buses are sold, serviced and supported through a renowned dealer network that offers an integrated customer program encompassing parts, training and service. Additional information is available at www.icbus.com.

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