Jackim Woods & Company, released the 2016-2017 RV Dealer M&A Overview. This represents the first in a series of white papers the firm plans to publish on different aspects of the recreational vehicle industry. According to Rich Jackim, the Managing Partner at Jackim Woods & Co., “The recreational vehicle industry is experiencing a tremendous resurgence after the 2008-2009 recession. Record sales and profitability over the last few years have attracted the attention of well capitalized strategic and financial buyers who are interested in RV dealers of all types and sizes.”Read More
Tourism Holdings, a publicly traded New Zealand RV rental company, has agreed to pay $65.3 million for U.S. RV rental and sales business, El Monte RV to increase its presence in the U.S. market, the world’s largest RV market. The acquisition will make Tourism Holdings the second-largest RV rental operator in North America behind rival Cruise America without increasing overall fleet numbers. El Monte allows Tourism Holdings to develop a broad-based RV rental and sales business in the U.S., similar to its success in the New Zealand market, and its mix of international and domestic customers and older fleet is complementary to Tourism Holdings’ smaller and more premium Road Bear operation in the U.S.
“We are looking forward to combining fleet procurement, operating different rental brands and maximizing RV sales through both our traditional wholesale channels and the El Monte retail sites; a model we know,” said Tourism Holdings Chief Executive Grant Webster. “This is a much lower risk strategy than trying to grow to an equivalent market share from the Road Bear platform.”Read More