RV PRO

December '17

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78 • RV PRO • December 2017 rv-pro.com B U S I N E S S Reporting on the RV industry across North America News of Note Andina Acquiring Lazydays Andina Acquisition Corp. II, a special purpose acquisition com- pany formed for the purpose of effecting a merger, acquisition or similar business combination, has entered into a definitive agreement to acquire Tampa-based Lazydays RV Center and its affiliates from private investment funds managed by Wayzata Investment Partners. Andina will pay $85 million in cash and about 2.9 million common shares of the combined company. Lazydays' revenue and adjusted EBITDA for the fiscal year ended Dec. 31, 2016, were $564 million and $25 million, respectively. At the conclusion of the transaction, Lazydays will become a wholly-owned subsidiary of the publicly-listed company on the NASDAQ stock exchange. Lazydays operates the world's largest RV dealership, located on 126 acres outside Tampa, and also has regional dealerships in Tucson as well as Longmont, Loveland and Denver, Colo. Lazydays also has RV rental fleets in all three markets and two on-site campgrounds with more than 700 RV campsites. The company employs more than 700 people at its five facilities. Camping World Continues Acquisitions Streak Camping World has acquired America Choice RV in Central Florida and Cooper's RV Center in the greater Pittsburgh market. A purchase price was not disclosed for either acquisition. Camping World currently operates 14 full-service RV deal- erships throughout the state of Florida. With the acquisition of America Choice RV in the greater Ocala area, Camping World said it plans to significantly expand its market foot- print and presence in central Florida. Meanwhile, Camping World currently operates RV dealerships in the Hanover and Harrisburg areas of Pennsylvania. With the acquisition of Cooper's RV Center in the Pittsburgh area, Camping World said it plans to significantly expand its market footprint and presence in western Pennsylvania. Separately, Camping World has purchased Uncle Dan's Out- fitters, a specialty retailer of outdoor gear, apparel and camping supplies. A purchase price was not disclosed. Camping World said the acquisition will expand and strengthen the company's efforts in the broader outdoor lifestyle market. Campers Inn Acquires Tradewinds RV in Fla. Family-operated dealership chain Campers Inn RV has acquired Tradewinds RV, a longtime dealership in Ocala, Fla. A purchase price was not disclosed. "We are excited to be expanding our presence in Florida and that Rick Couch, owner of Tradewinds RV, has agreed to join the Campers Inn RV family," said Jeff Hirsch, Campers Inn RV CEO. "Couch runs a great family-operated dealership, and we will make it our priority to continue their tradition of excellent customer service. In addition, with this new dealership, we will have two locations in the Ocala market to solidify our place as the RVer's trusted resource and the area's largest dealer." Tradewinds RV was founded 25 years ago, and it remained family-owned through three generations. It features 15 acres of top brands like Grand Design, Jayco, KZ, Keystone and Open Range, as well as 10 service bays and a large RV parts store. With this acquisition, Campers Inn RV grows to 19 dealerships in the Eastern U.S., including three in the state of Florida. Campers Inn RV previously announced new dealerships in Northern Virginia and Atlanta, both of which will be open in early 2018. Lippert Promotes Two to GM Posts Lippert Components has promoted Josh Black and John Ries to general manager positions within the company. Black was promoted to GM of LCI Plant 58, managing the supplier's awning, lamination and patio door operations, while Ries has been promoted to GM at Plant 45, managing the axles and slide-out opera- tions. Black began his career with LCI more than six years ago through the company's "Leadership in Training" program. For the past two years, he was assistant GM for laminated products at Plant 58 in Elkhart. As the GM of Plant 45, Ries will focus the Plant 45 team on team retention, lead- ership development, growth, new product release, safety, new lean layouts, automa- tion, and quality improvements. In his new role, Ries will continue to focus on operational teams and their processes, calling on his understanding of customer requirements as well as the dedicated teams to deliver quality products through efficient processes. Black

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