​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 standards and values associated with the Lazydays brand.

For General RV Center, the acquisition represents an expansion into the Arizona and Colorado markets, complementing its existing operations in Florida and Utah. 

Loren Baidas, CEO of General RV, remarked, “We are pleased to partner with a well-established dealership like Lazydays to expand our reach and enhance opportunities for RV enthusiasts in key markets.”

“Entering Arizona and Colorado aligns with our growth strategy, building on the strong performance of our Utah locations and our deep experience in Florida, where we operate seven dealerships,” Baidas continued. He added that the addition of these three locations will enhance opportunities for RV enthusiasts in key markets.

This divestiture follows a series of strategic moves by Lazydays aimed at streamlining operations and focusing on core markets. 

In recent months, the company has also completed sales of other facilities to Camping World Holdings, Inc., as part of its broader initiative to strengthen its balance sheet and improve operational efficiency.

Industry stakeholders, including RV dealers and manufacturers, may view this development as indicative of shifting dynamics within the RV retail landscape. 

As the RV industry continues to evolve, such strategic realignments are likely to play a pivotal role in shaping its future trajectory.​
For more information on this transaction, please refer to the official press release issued by Lazydays Holdings, Inc.