RV Retailer has agreed to acquire ExploreUSA Supercenter in Texas from Scott Chaney and Brian Booker, who will continue to lead ExploreUSA and retain an ownership stake in the business.
ExploreUSA sold approximately 5,000 RVs in 2017. ExploreUSA retails new and used towable RVs from nine store locations in the Dallas-Fort Worth, San Antonio, Houston and Austin markets. ExploreUSA also provides service and parts and customer financial services to its customers.
“We are excited to partner with Scott Chaney, Brian Booker and the entire ExploreUSA management team to continue its run as a premier RV towable dealer in Texas,” said Jon Ferrando, president and CEO of RV Retailer. “We also welcome ExploreUSA’s 340 dedicated associates to the RV Retailer family. They provide an exceptional experience to the thousands of customers that purchase and service their RVs at ExploreUSA every year. We will continue to operate the business under the ExploreUSA retail brand name.”
“We are excited to add the high-quality, premium RV product mix offered by ExploreUSA in excellent markets across Texas,” said Ferrando. “ExploreUSA’s exclusive focus on towable RVs perfectly complements our Motor Home Specialist business in Texas, the largest volume motor home dealer in the world. Combined, ExploreUSA and Motor Home Specialist are expected to generate approximately $500 million of revenue in 2018.”
RV Retailer was founded in 2018 by Ferrando and John Rizzo, together with Redwood Capital Investments, to create an RV retail company in the U.S.
“We are proud to be working with the RV Retailer team to build a premier RV dealership platform,” said Patrick Sissman, VP at Redwood Capital Investments. “We are excited about the addition of ExploreUSA to strengthen our presence in Texas and provide a strong foundation for future growth.”
“I look forward to partnering with Jon Ferrando and the RV Retailer team as we look to continue growing ExploreUSA,” said Scott Chaney, CEO of ExploreUSA. “Collectively, we are in a great position to capitalize on significant growth opportunities for the business while providing excellent career opportunities for our associates. I also look forward to continuing our outstanding relationships with our valued RV manufacturer partners.”
“We look forward to working with Scott and Brian and the whole ExploreUSA management team through this transition,” said Rizzo, executive VP and CFO of RV Retailer. “We expect to complete the transaction early in the fourth quarter 2018, following manufacturer approvals and other customary conditions to closing.”
