Florida-based Lazydays Holdings Inc. (Nasdaq: LAZY) has announced plans to acquire Total Value RV in Elkhart. The company says the RV and motorhome dealership is a top retailer in Indiana.
Financial details of the transaction were not disclosed. Lazydays Chief Executive Officer William Murnane says the deal is part of the company’s geographic expansion strategy.
“We are honored and humbled that Hank Schrock has chosen Lazydays to shepherd his longtime family business into the future. We are thrilled to have Total Value RV join the Lazydays’ family of dealerships. The majority of the RVs Lazydays sells are manufactured in and around Elkhart; and we are very excited to become part of the Elkhart community and continue to work closely with our OEM partners,” said Murnane.
The acquisition is expected to be finalized within 90 days.
The company does not anticipate any changes to jobs by the deal.