Camping world lazydays arizona acquisition

Lazydays to Sell 3 Dealerships to General RV Center in Strategic Realignment

Lazydays Holdings, Inc. (NASDAQCM: GORV) has announced plans to sell three of its dealership locations to General RV Center, a move aimed at refining its operational footprint and bolstering financial stability.

According to a March 31 press release of the company announcing that it has signed a letter of intent, locations slated for divestiture are in Ft. Pierce, Florida; Longmont, Colorado; and Mesa, Arizona.

This transaction is expected to close within 75 days, following a period of exclusivity as outlined in the letter of intent between the two companies.

Ron Fleming, Interim CEO of Lazydays, emphasized that this strategic decision is part of the company’s ongoing efforts to optimize its dealership network.

“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 stated.

He also expressed confidence in General RV Center‘s ability to uphold the

TAMPA, Fla. — Lazydays Holdings, Inc. (NASDAQCM: GORV) announced today that it has signed a letter of intent (LOI) to divest three store locations to General RV Center. The LOI is generally nonbinding, with the exception of a 75-day exclusivity provision relating to the three stores. The stores are located in Ft. Pierce, Fla., Longmont, Colo., and Mesa, Ariz. The divestiture of the stores is expected to be finalized within 75 days.

In a separate release, Lazydays also reported financial results for the fourth quarter and fiscal year ended Dec. 31, 2024 (see below).

“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,” stated 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. General RV Center is an established dealership operator that closely aligns with our brand, employee, and facility standards,

Camping World Expands with Lazydays Acquisition in Arizona

Camping World Holdings, Inc. has completed its acquisition of Lazydays in Surprise, Arizona, marking the latest step in its expansion strategy.

The purchase, including assets and real estate, is part of a broader acquisition plan expected to be finalized in the coming weeks.

Marcus Lemonis, chairman and CEO of Camping World, emphasized the acquisition’s strategic importance, noting that it aligns with the company’s efforts to strengthen its market position.

“This is the first of multiple locations anticipated to close in the coming weeks. These locations bring top OEM brands, incremental market share opportunity, and a more traditional RV product mix that aligns with our strategic priorities,” Lemonis stated in a press release.

Camping World’s continued expansion reflects the broader consolidation trend within the RV dealership sector.

With the increasing number of mergers and acquisitions, independent dealerships may face heightened competition from large-scale operators with greater resources and national reach.

For business owners in the outdoor hospitality industry, these developm

camping world lazydays arizona acquisition

Dealer Chain Converts Fourth Lazydays Store

Camping World has closed on the asset purchase of the former Lazydays dealership in Sturtevant, Wisconsin.

The Wisconsin dealership was originally Burlington RV and has been in operation since 1963. Lazydays bought the store in 2021.

Camping Earth Chairman and CEO Marcus Lemonis said the Sturtevant acquisition is a significant accomplishment.

“We have extended been fans of the location’s original founder, Tim Wegge, and the Burlington RV brand prior to the Lazydays acquisition,” Lemonis said. “We know that Tim built strong processes with excellent people and look forward to resurrecting this location’s market dominance.”

Wegge was deeply involved in RVDA during his time as Burlington RV owner. He was RVDA chairman from 2017-18.

Camping World now has converted four Lazydays stores to its brand, including locations in Surprise, Arizona; Murfreesboro, Tennessee; and Vancouver, Washington.

In November 2024, the dealer chain said it would acquire seven former Lazydays locations. The other three stores that remain to be converted are located in Council Bluffs, Iowa; Elkhart, Indiana and Portland, Oregon. Camping World said it expects to close

Acquisitions by Camping World

Camping World has made a total of 38 acquisitions. The peak acquisition years were 2017 with 9 acquisitions, 2021 with 8, and 2022 with 5. Acquisition activity has occurred in United States (38). The company's acquisitions span 4 sectors, including Auto Retail & Aftersales (28), Marketing Services (1), and Professional Consumer Services (1). The average number of acquisitions per year for the last 5 years (2019–2024) is 3.8. So far, in the current year, the company has completed 0 acquisitions. The most recent acquisition was All Seasons RV Center, a Yuba City-based recreational vehicle dealership services provider, founded in 1955 and acquired in July 2023.

Here's the year on year acquisition history of Camping World:

Number of Total Acquisitions

Year	# Acquisitions
2023	4
2022	5
2021	8
2020	2
2019	1
2018	5
2017	9
2016	2
2013	1
2012	1

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Recent acquisitions by Camping World