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Tampa,
FL – June 2019 / Newsmaker Alert / Lazydays Holdings, Inc. (NASDAQCM:
LAZY) (“Lazydays RV” or “Lazydays”)
has announced that a Letter of Intent has been signed to acquire Alliance
Coach Inc. (“Alliance Coach”). Located just outside Ocala, Florida, Alliance
Coach is a premier RV dealership with strong brands such as Thor, Forest
River, Holiday Rambler, Renegade and Vanleigh. The Alliance Coach dealership
has a strong service presence, which fits well with Lazydays focus on service
excellence and will enhance its service presence and operations in Florida.
“We
are extremely pleased to announce the planned acquisition of Alliance Coach
as we continue to execute our geographic expansion strategy,” stated William
P. Murnane, Chairman and CEO of Lazydays. “Alliance is strategically located
near the intersection of I-75 and the Florida Turnpike and will give us
excellent access to the rapidly growing Ocala and Orlando markets, including
The Villages, a popular and fast growing active adult community. We are
honored that Judy Shapiro has entrusted Lazydays to carry on with the wonderful
dealership and outstanding team of employees she built with her late husband
Alan. We are thrilled to have Alliance Coach become part of the Lazydays
family of dealerships.”
The
acquisition of Alliance Coach is expected to be finalized in approximately
60 days. Upon closing, Alliance Coach will be rebranded as Lazydays RV
of Central Florida. Lazydays operates six dealerships in Florida, Colorado,
Arizona, Minnesota and Tennessee.
About
Lazydays
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 also has dealerships located in Tucson, Arizona;
Minneapolis, Minnesota; Knoxville, Tennessee; and Loveland and Denver,
Colorado. Offering the nation’s largest selection of leading RV brands,
Lazydays features nearly 3,000 new and pre-owned RVs, 400 service bays
and two on-site campgrounds with over 700 RV campsites. Lazydays also has
rental fleets in Florida and Colorado. 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, rental and ownership experience,
which is why more than a half-million RVers and their families visit Lazydays
every year, making 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, 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 Lazydays’ ability to enter
into an asset purchase agreement and successfully close the acquisition
of Alliance Coach and realize its expectations regarding integration, synergies
and future performance, economic conditions generally, conditions in the
credit markets and changes in interest rates, conditions in the capital
markets, 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.
Media
Contact:
John
Lebbad
Lazydays
503-548-1328 |
