Core Viewpoint - Lazydays Holdings, Inc. has signed a letter of intent to divest three store locations to General RV Center, aiming to streamline operations and enhance shareholder value [1][2]. Group 1: Company Strategy - The divestiture is expected to add meaningful cash to Lazydays' balance sheet, reduce indebtedness, and decrease geographical redundancy [2]. - The transaction aligns with Lazydays' strategy to focus on operational improvements within a more concentrated dealership network [2]. Group 2: Partnership with General RV - General RV Center is recognized as an established dealership operator that aligns with Lazydays' brand and operational standards [2]. - The acquisition of the three locations will enhance General RV's reach in key markets, particularly in Arizona and Colorado, supporting their growth strategy [2][5]. Group 3: Company Background - Lazydays has been a significant player in the RV industry since 1976, known for exceptional RV sales and service [3]. - The company offers a wide selection of RV brands, state-of-the-art service facilities, and a comprehensive range of accessories [4].
LAZYDAYS TO SELL THREE STORE LOCATIONS TO GENERAL RV CENTER