RV PRO

December '17

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rv-pro.com December 2017 • RV PRO • 65 was founded in 1976 by Don Wallace with $500 and two trailers, has benefited in the years since the Great Recession and being in an RV hotspot. According to a report by the RV Industry Association on 2016 shipments, Florida ranked second in motorhome deliveries (about 12 percent). As a testament to its growth, and plans to refinance its existing term debt, Lazy- days RV will build a new $20 million facility by the time the deal closes in the first quarter of 2018. While all senior man- agers will stay in their current rolls, key Andina investor Lorne Weil will become vice chairman and sit on the board of direc- tors as the company steps up its presence. "The merger gives us the ability to rap- idly become a public company and fur- ther enhance our growth trajectory," says William Murnane, chairman and CEO of Lazydays. "The financings associated with this transaction will give us the balance Lazydays RV CEO William Murnane succeeded Tim Sheehan on Dec. 1, 2016. He says the dealership's acquisition by a publicly held company "will give us the balance sheet flexibility and liquidity to accelerate our growth strategy."

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