TAMPA, Fla., June 14, 2021 /PRNewswire/ -- Lazydays
Holdings, Inc. (NasdaqCM: LAZY) ("Lazydays RV" or "Lazydays")
has announced that it has signed a letter of intent to acquire
Burlington RV Superstore ("Burlington RV"). Burlington
RV is located in Sturtevant,
Wisconsin and is strategically located between the
Milwaukee and Chicago markets. Burlington RV offers a
wide selection of outstanding RV brands including Newmar, Grand
Design, Thor, Forest River, Jayco,
and Coachmen. The acquisition is expected to be finalized
within 90 days.
"We are extremely pleased to announce our intent to acquire
Burlington RV as we continue to execute our geographic expansion
strategy," stated William P.
Murnane, Chairman and CEO of Lazydays. "Eastern Wisconsin and Northern Illinois are very attractive RV
markets. For more than 50 years, the Wegge family has built an
outstanding organization and a very well run operation. We
are delighted that Tim and Brenda
Wegge have chosen Lazydays to guide Burlington RV into the
future, and we will do our best to honor their outstanding
stewardship and leadership with continued success. We are
very excited to welcome Burlington RV and its tremendous team into
the Lazydays' family of dealerships."
"We couldn't be prouder of what our family and employees have
built over the past 50 years," commented Tim and Brenda Wegge, owners of Burlington RV
Superstore. "Burlington RV Superstore is the premier RV
dealership in our market and we owe its success to our incredible
team and their commitment and dedication. We have reached a
point in our life where we want to focus on and enjoy our many
interests outside the RV business. We had options on how to
exit our family business and it was important to us that the new
owners have the same customer and employee centric philosophy.
The culture of Lazydays and its focus on customers and
employees makes it a perfect match for the outstanding team we have
built at Burlington RV. We have great love and admiration for
our team, and want to thank them for helping build and grow
Burlington RV. The Burlington RV team and Lazydays will do
great things together."
Lazydays currently operates twelve dealerships in Florida, Colorado, Arizona, Minnesota, Tennessee, and Indiana; and operates a dedicated Service
Center location near Houston,
Texas.
ABOUT LAZYDAYS RV
As an iconic brand in the RV
industry, Lazydays, The RV Authority, consistently provides the
best RV sales, service, and ownership experience, which is why
RVers and their families become Customers for Life. Lazydays
continues to add locations at a rapid pace as it executes its
geographic expansion strategy that includes both acquisitions and
greenfields.
Since 1976, Lazydays RV has built a reputation for providing an
outstanding customer experience with exceptional service excellence
and unparalleled product expertise, along with being a preferred
place to rest and recharge with other RVers. By offering the
largest selection of RV brands from the nation's leading
manufacturers, state-of-the-art service facilities, and thousands
of accessories and hard-to-find parts, Lazydays RV provides
everything RVers need and want.
Lazydays Holdings, Inc. is a publicly listed company on the
Nasdaq stock exchange under the ticker "LAZY."
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, including statements regarding Lazydays' expectations
for future operating results, its expectations regarding the impact
of its acquisition of its recently acquired dealership in
Phoenix, Arizona, Elkhart, Indiana, and Burns Harbor, Indiana and its greenfield
start-ups near Houston, Texas and
Nashville, Tennessee, 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 economic conditions generally,
conditions in the credit markets and changes in interest rates,
conditions in the capital markets, the global impact of the
pandemic outbreak of coronavirus (COVID-19) 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.
News Contact:
+1 (813) 204-4099
investors@lazydays.com
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SOURCE Lazydays Holdings, Inc.