A & F Realty, a subsidiary of Lerman Enterprises, has acquired a majority share interest in NeXus RV. Founded in 1947, Lerman Enterprises is a steel processor and distributor in the U.S. with more than 20 facilities in Brazil, Mexico, and the U.S. with annual net revenue more than $1.5 billion.
A purchase price was not disclosed.
“We are excited to increase our investment with NeXus RV,” said Ted Lerman, CEO of Lerman Enterprises. “Our research showed the NeXus RV products are well received by the dealer network and retail customers. … When a company grows as fast as NeXus RV it requires capital. Now NeXus RV is well funded and can continue their trajectory to be a top tier manufacturer.” Lerman Enterprises has been a shareholder since 2010.
“It is great to have the financial support to grow the company,” said Dave Middleton, president and co-founder of NeXus RV. “We have doubled our business in 2018 and we now have become the fastest growing motorhome company in the RV industry. Having Lerman Enterprises believe in the company and our plan will allow us to get to the next level.”
NeXus RV produces a full range of motorhomes, including Super C’s.
“We have built our brands on the best construction features in the industry, our all steel-cage construction and quality materials separate us from any of the other bigger companies,” said Claude Donati, co-founder of NeXus. “As we continue to add dealers to our network, we hear dealers say they appreciate the fact we do not clone our products. … We have retail sold nearly what we have wholesaled to the dealers.”
NeXus RV was started in 2010 by co-owners Claude Donati and Dave Middleton as a factory direct RV manufacturer, which at the open house in 2017, switched the business model to sell to the dealer network. It will have a full line of motorized products on display at 3400 Reedy Drive, Elkhart during Open House.
