Garick RV was acquired by Alpin Haus
Transaction Description
For almost four decades, Garick RV operated as a smaller, personal, family owned and operated business serving Northern New Jersey, Lower New York, and Eastern Pennsylvania. Garick’s offering included new and used RV sales, back end products, and service & parts.
Transaction Details
Alpin Haus
Amsterdam, NY
Acquired
Garick RV
An RV Dealership
Oak Ridge, NJ
JW&Co advised Garick RV
Transaction Overview
Jackim Woods prepared client for sale, marketing the company for sale, and sourced the buyer. In addition, Jackim Woods played a major role in arranging the transaction and assisting with due diligence.
Challenges
Multiple challenges included: a down year for the RV industry in 2019, followed by overwhelming demand in 2020. In addition, navigating the deal process in the middle of a global pandemic.
Solutions
The degree of uncertainty caused by the Covid 19 pandemic made it difficult to predict the outcome of the deal. Jackim Woods assisted the seller in staying prepared and flexible during times of uncertainty, as well as planning for other possible outcomes.
Summary
Jackim Woods approaches every client based on a holistic philosophy of meeting the clients objectives personally, professionally, and financially. This approach helped our client with the decision making process, ultimately allowing our client to make a final decision with confidence.
