TAMPA,
Fla., June 6, 2025 /PRNewswire/ -- Lazydays
Holdings, Inc. (NASDAQCM: GORV) ("Lazydays" or the "Company")
announced today that it has closed on the asset sale and real
estate sale of its Ft. Pierce, Florida location to General R.V. Center, Inc.
("General RV"). The companies expect to complete the remaining
divestiture in Longmont, Colorado
in the coming weeks.
"We have truly appreciated the work and cooperation demonstrated
by the Lazydays team to help us expand our ability to provide
premier service to our Fort Pierce
customers," said General RV CEO and third-generation family owner
Loren Baidas. "When we opened our
existing Fort Pierce Supercenter in 2023, we never stopped looking
for ways to make it even better for our current and future
customers. This acquisition does just that with a large Supercenter
facility and easily accessible location on I-95."
Ron Fleming, Interim CEO of
Lazydays, said, "We have completed our second previously announced
sale of our location in Ft. Pierce, Florida to General RV. The closing of the Ft.
Pierce sale continues to streamline our operations and right size
our dealership footprint, while paying off meaningful debt on our
balance sheet and bringing cash to our balance sheet. We are again
pleased with the smooth process and look forward to working with
General RV to complete the last remaining divestiture."
In the past three years, General RV has nearly doubled its
number of Supercenters nationwide offering sales and service of
thousands of RVs ranging from affordable travel trailers to luxury
motorhomes. The third-generation family-owned company currently has
more than 20 locations in nine states including Florida, Illinois, Ohio, Virginia, Utah, North
Carolina, Pennsylvania,
Arizona and Michigan, where its corporate offices are
located. The most recent addition to the General RV family is the
Mesa, Arizona location acquired in
May 2025.
About Lazydays
Lazydays has been a prominent player in the RV industry since
our inception in 1976, earning a stellar reputation for delivering
exceptional RV sales, service, and ownership experiences. Our
commitment to excellence has led to enduring relationships with
RVers and their families who rely on us for all of their RV
needs.
Our wide selection of RV brands from top manufacturers,
state-of-the-art service facilities, and an extensive range of
accessories and parts ensure that Lazydays is the go-to destination
for RV enthusiasts seeking everything they need for their journeys
on the road. Whether you're a seasoned RVer or just starting your
adventure, our dedicated team is here to provide outstanding
support and guidance, making your RV lifestyle truly
extraordinary.
Lazydays is a publicly listed company on the Nasdaq stock
exchange under the ticker "GORV."
About General RV
Founded in Michigan in 1962,
General RV Center is the nation's premier RV dealer. The company
operates more than 20 full-service dealerships in Michigan, Illinois, Ohio, Virginia, Florida, Utah, North
Carolina, Arizona and
Pennsylvania. Each location offers
the largest selection of RVs for sale, state-of-the-art RV service
facilities and retail RV parts and accessories.
Visit GeneralRV.com for more information.
Forward Looking Statements
This press release includes "forward-looking statements" within
the meaning of the "Safe-Harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Forward looking
statements include statements regarding our goals, plans,
projections and guidance regarding our financial position, results
of operations, market position, pending and potential future
financing transactions and business strategy, and often contain
words such as "project," "outlook," "expect," "anticipate,"
"intend," "plan," "believe," "estimate," "may," "seek," "would,"
"should," "likely," "goal," "strategy," "future," "maintain,"
"continue," "remain," "target" or "will" and similar references to
future periods. Examples of forward-looking statements in this
press release include, among others, the benefits of the potential
transaction described herein and the future financial performance
of the Company following such transaction.
By their nature, forward-looking statements involve risks and
uncertainties because they relate to events that depend on
circumstances that may or may not occur in the future.
Forward-looking statements are not guarantees of future
performance, and our actual results of operations, financial
condition and liquidity and development of the industry in which we
operate may differ materially from those made in or suggested by
the forward-looking statements in this press release. The risks and
uncertainties that could cause actual results to differ materially
from estimated or projected results include, without limitation,
the ability of the parties to successfully close future
transactions referenced herein (i.e. the sale of our Longmont, Colorado dealership assets), future
economic and financial conditions (both nationally and locally),
changes in customer demand, our relationship with, and the
financial and operational stability of, vehicle manufacturers and
other suppliers, risks associated with our indebtedness (including
our ability to obtain further waivers or amendments to credit
agreements, the actions or inactions of our lenders, available
borrowing capacity, our compliance with financial covenants and our
ability to refinance or repay indebtedness on terms acceptable to
us), acts of God or other incidents which may adversely impact our
operations and financial performance, government regulations,
legislation and others set forth throughout under the headers
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" and "Risk Factors" and in the notes to our
financial statements, in our most recent Quarterly Report on Form
10-Q, Annual Report on Form 10-K and from time to time in our other
filings with the U.S. Securities and Exchange Commission. We urge
you to carefully consider this information and not place undue
reliance on forward-looking statements. We undertake no duty to
update our forward-looking statements, which are made as of the
date of this release.
Contact
investors@lazydays.com
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SOURCE Lazydays RV