Wixom-based General RV Center has signed a letter of intent to purchase RV dealerships in Florida, Colorado, and Arizona from Lazydays Holdings Inc. in Tampa. Terms of the sale, which is expected to be finalized within 75 days, were not disclosed.
“We are pleased to partner with a well-established dealership like Lazydays to expand our reach and enhance opportunities for RV enthusiasts in key markets,” says Loren Baidas, CEO of General RV. “Entering Arizona and Colorado aligns with our growth strategy, building on the strong performance of our Utah locations and our deep experience in Florida, where we operate seven dealerships.”
General RV’s new stores are located in Ft. Pierce, Fla.; Longmont, Colo.; and Mesa, Ariz.
“As we continue to evaluate and streamline our dealership footprint to maximize shareholder value, we made the decision to strategically divest three stores from our portfolio,” says Ron Fleming, Interim CEO of Lazydays. “We expect this transaction to add meaningful cash to our balance sheet, reduce our indebtedness and decrease geographical redundancy in our footprint, while allowing Lazydays to continue our operational improvements among a more focused dealership network.”
Fleming says Lazydays has been a prominent player in the RV industry since its inception in 1976, earning a “stellar” reputation for delivering “exceptional” RV sales, service, and ownership experiences.
“Our commitment to excellence has led to enduring relationships with RVers and their families who rely on us for all of their RV needs,” Fleming says.
Founded in 1962, General RV Center is the nation’s premier RV dealer. It operates 21 full-service dealerships in Michigan, Illinois, Ohio, Virginia, Florida, Utah, North Carolina, and Pennsylvania. Each location offers a large selection of RVs for sale, service facilities, and retail parts and accessories.
For more information, visit GeneralRV.com.
