TAMPA, Fla., Feb. 2, 2021 /PRNewswire/ -- Lazydays
Holdings, Inc. (NASDAQCM: LAZY) ("Lazydays RV" or "Lazydays")
has signed an agreement to acquire Chilhowee RV Center.
Located just outside Knoxville,
Tennessee, Chilhowee RV Center has been in business and
under the same family ownership for over 53 years. The
dealership is 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. Chilhowee RV Center has a
wide selection of outstanding RV brands including Airstream,
Winnebago, Forest River and Thor.
The acquisition of Chilhowee RV Center is expected to be finalized
in 30 to 60 days.
"We are extremely pleased to announce the acquisition of
Chilhowee RV Center as we continue to execute our geographic
expansion strategy," stated William P.
Murnane, Chairman and CEO of Lazydays. "We are honored and
humbled that Leland and Fred
Waggoner have chosen Lazydays to shepherd their longtime
family business into the future. Leland and Fred have built
an outstanding team that is committed to providing an exceptional
customer experience and is a perfect fit for Lazydays. We are
thrilled to have Chilhowee RV Center become part of the Lazydays'
family of dealerships."
Lazydays currently operates eleven dealerships in Florida (2), Colorado (2), Arizona (2), Minnesota (1), Tennessee (2), and Indiana (2); and operates a dedicated Service
Center location near Houston,
Texas. It recently announced its intent to add a second
dealership location in Minnesota
and acquire Sprad's RV in Reno,
Nevada.
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 and Burns
Harbor, Indiana; its planned acquisition in Reno, Nevada; and its greenfield start-ups
near Houston, Texas, Nashville, Tennessee, and Monticello, Minnesota; 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.