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Lazydays
Holdings, Inc. to Acquire
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Tennessee
RV Supercenter
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Tampa,
FL – October 2018 / Newsmaker Alert / Lazydays
Holdings, Inc. (NASDAQCM: LAZY) (“Lazydays RV” or “Lazydays”) has announced
that an agreement has been signed to acquire Tennessee
RV Supercenter. Located just outside Knoxville, Tenn., Tennessee RV
is a premier RV dealership and a short drive from the entrance to Great
Smoky Mountains National Park, the most visited National Park in America
with over 11 million annual visitors. Tennessee RV is a regular recipient
of the RVBusiness Top 50 Dealer Award.
“We
are extremely pleased to announce the acquisition of Tennessee RV Supercenter
as we continue to execute our geographic expansion strategy,” stated William
P. Murnane, Chairman and CEO of Lazydays. “We are honored and humbled that
Roger Sellers has chosen Lazydays to shepherd his longtime family business
into the future. Roger has built an outstanding organization and team that
is committed to providing an exceptional customer experience and is a perfect
fit for Lazydays. We are thrilled to have Tennessee RV become part of the
Lazydays’ family of dealerships.”
“I
am very excited to turn over the keys to Tennessee RV to Lazydays,” commented
Roger Sellers, owner of Tennessee RV. “I have reached a point in my life
where I want to focus on and enjoy my many interests outside the RV business.
The culture of Lazydays and its focus on customers and employees makes
it a perfect match for the outstanding team we have built at Tennessee
RV. I have great love and admiration for the Tennessee RV team and want
to thank them for helping build and grow this wonderful dealership. I am
confident the Tennessee RV team and Lazydays will do great things together,”
stated Mr. Sellers.
The
acquisition of Tennessee RV Supercenter is expected to be finalized in
30 to 60 days. Upon closing, Tennessee RV Supercenter will be rebranded
as Lazydays RV of Knoxville, and Jason Rees, the current Sales Manager
and 13-year veteran of Tennessee RV, will become the General Manager of
Lazydays RV of Knoxville. Lazydays will then operate dealerships located
in Florida, Colorado, Arizona, Minnesota and Tennessee.
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 also has dealerships located in Tucson, Arizona, Minneapolis,
Minnesota, and Loveland, Denver and Longmont, Colorado. Offering the nation’s
largest selection of leading RV brands, Lazydays features more than 2,700
new and pre-owned RVs, over 300 service bays and two on-site campgrounds
with over 700 RV campsites. Lazydays also has rental fleets in Florida,
Minnesota and Colorado. In addition, Lazydays
RV Accessories & More stores offer thousands of accessories and
hard-to-find parts at all of our dealership locations.
Since
1976, Lazydays (www.Lazydays.com)
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 at www.lazydays.com/investor-relations.
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 successfully
close the acquisition of Tennessee RV 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 |
