Camping World Acquires Reines RV Center
Camping World Holdings continued its expansion in the state of Virginia with the acquisition of Reines RV Center, with locations in both northern and central Virginia. Camping World currently operates SuperCenters in the Roanoke, Winchester, and Richmond, VA areas. The Reines RV Center acquisition further expands the market footprint, increasing Camping World’s current presence in the state of Virginia to six SuperCenter locations. “Over the past 70 years, the Reines family and staff have been honored with many awards for sales and consumer excellence and we look forward to continuing their high standards of quality and service,” said Brent Moody, COO of Camping World. “This important acquisition reinforces our commitment to further expansion in the state of Virginia and our focus on increased market share with our country-wide expansion.”
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LCI Industries acquired RV Seating Maker Lexington, LLC
LCI Industries (often referred to as Lippert Components) acquired Lexington, LLC, a manufacturer of high quality seating solutions for the recreational vehicle, marine, transportation, medical and office furniture industries. Lexington’s revenues for the twelve months ending December 2017 are anticipated to be approximately $60 million. Details of the transaction were not disclosed.
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KV Private Equity Acquires Northern Lite
KV Private Equity, based in Edmonton, Alberta, announced that it has acquired Northern Lite as it’s first investment. Located in Kelowna, British Columbia, Northern Lite manufactures high-end fiberglass truck campers, which are distributed throughout Canada and the U.S. via a well-established dealer network. Northern Lite is recognized for high standards of quality and workmanship, and the lightweight design of its products. “We are excited to have the opportunity to continue building this exceptional business. It is an honor that Mac Donkin (Northern Lite’s former owner) will continue with us as a director, and that his son Keith has agreed to join us as a shareholder, while also staying on as the general manager of Northern Lite,” said Jonathan Herman, COO of KV Private Equity. Mac Donkin stated, “Northern Lite has been very successful over the last 27 years, I know that the best days are in front of it and that the company is in great hands with Keith and KV.”
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