Lazydays Holdings, Inc. Completes Acquisition of Total Value RV
Lazydays Holdings, Inc. (NASDAQCM: LAZY) has completed the acquisition of Total Value Recreational Vehicles in Indiana, a leading RV dealership. This strategic move enhances Lazydays' presence in the Midwest, a key region for RV manufacturing. Total Value RV boasts strong brands like Thor Motor Coach and Coachmen. The acquisition includes real estate for expanded operations, marking a significant step in Lazydays' geographic growth strategy. The new location will be branded as Lazydays RV of Elkhart, further solidifying Lazydays' footprint across multiple states.
- Acquisition of a premier RV dealership expands Lazydays' footprint in the Midwest.
- Inclusion of real estate allows for expansion of Sales and Services operations.
- Strengthens portfolio with strong brands like Thor Motor Coach and Forest River.
- None.
TAMPA, Fla., Oct. 7, 2020 /PRNewswire/ -- Yesterday, October 6th, Lazydays Holdings, Inc. (NASDAQCM: LAZY) ("Lazydays RV" or "Lazydays") completed its acquisition of the assets of Total Value Recreational Vehicles of Indiana, Inc. ("Total Value RV"), located in Elkhart, Indiana. Total Value RV is a premier RV dealership and the number one motorhome dealer in Indiana, with strong brands such as Thor Motor Coach, Coachmen, Forest River and Entegra. The Total Value RV acquisition includes real estate for an expansion of Sales and Services operations at the strategically located site. The acquisition expands Lazydays footprint in the Midwest and in the heart of RV country, where the majority of the RVs are manufactured. The dealership will be branded as Lazydays RV of Elkhart.
"We are extremely pleased to complete this acquisition and continue to execute on our geographic expansion strategy," stated William P. Murnane, Chairman and CEO of Lazydays. "In addition, we expect to complete construction of our newest dealership location near Nashville, Tennessee in late 2020, and continue to work a strong pipeline of expansion opportunities that includes both acquisitions and greenfields."
Lazydays now operates nine dealerships in Florida, Colorado, Arizona, Minnesota, Tennessee, and Indiana; and operates a dedicated Service Center location near Houston, Texas.
ABOUT LAZYDAYS RV
Lazydays, The RV Authority®, is an iconic brand in the RV industry. Home of the world's largest recreational dealership, based on 126 acres outside of Tampa, Florida, Lazydays has nine dealership locations in Arizona, Colorado, Florida, Indiana, Minnesota, and Tennessee. Lazydays also has a dedicated Service Center location in Texas. Offering the nation's largest selection of leading RV brands, Lazydays features over 3,500 new and pre-owned RVs, more than 400 service bays and two on-site campgrounds with over 700 RV campsites. In addition, Lazydays RV Accessories & More™ stores offer thousands of accessories and hard-to-find parts at dealership locations.
Since 1976, Lazydays has built a reputation for providing an outstanding customer experience with exceptional service and product expertise, along with being a preferred place to rest and recharge with other RVers. Lazydays consistently provides the best RV purchase, service, and ownership experience, which is why RVers and their families keep returning to Lazydays year after year, calling it their "home away from home."
Lazydays Holdings, Inc. is a publicly listed company on the Nasdaq stock exchange under the ticker "LAZY." Additional information can be found here.
Forward–Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements describe Lazydays future plans, projections, strategies and expectations, including statements regarding Lazydays' expectations for future operating results, its expectations regarding the impact of its acquisition of its recently acquired dealership in Phoenix, Arizona and its greenfield start-ups near Houston, Texas and Nashville, Tennessee, and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Lazydays. Actual results could differ materially from those projected due to various factors, including economic conditions generally, conditions in the credit markets and changes in interest rates, conditions in the capital markets, the global impact of the pandemic outbreak of coronavirus (COVID-19) and other factors described from time to time in Lazydays' SEC reports and filings, which are available at www.sec.gov. Forward-looking statements contained in this news release speak only as of the date of this news release, and Lazydays undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances, unless otherwise required by law.
News Contact:
+1 (813) 204-4099
investors@lazydays.com
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SOURCE Lazydays Holdings, Inc.
FAQ
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