Lazydays Holdings has completed its acquisition of Chilhowee RV Center, an RV dealership located just outside Knoxville, Tenn. It is a short drive from the entrance to Great Smoky Mountains National Park, the most visited National Park in America with more than 11 million annual visitors.
Chilhowee RV has a wide selection of RV brands including Airstream, Winnebago, Forest River and Thor.
“We are extremely pleased to complete this acquisition and continue to execute on our geographic expansion strategy,” said William P. Murnane, chairman and CEO of Lazydays. “This acquisition expands our footprint and product offerings in the eastern Tennessee market, and allows for Lazydays to open standalone dedicated Airstream dealerships in Knoxville and Nashville. I am also delighted to welcome Leland Waggoner, the former owner of Chilhowee RV, and his outstanding team to the Lazydays family.”
Recently, Lazydays has been accelerating its rate of geographic expansion. Chilhowee RV represents the company’s fifth completed acquisition or opening over the last 11 months. This acquisition will be followed shortly by the completion of the Reno, Nev., acquisition and the opening of the Monticello, Minn., location this spring.
The company said it continues to work a strong pipeline of expansion opportunities that includes both acquisitions and greenfields, and it recently completed a stock sale that netted it $11.3 million it said it will go to add more stores.
