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Lazydays Announces Acquisition Of Buddy Gregg Rvs

Jul 25, 2023•over 2 years ago

Acquiring Company

Lazydays RV

Acquired Company

BUDDY GREGG RVS

TampaTravel

Description

Lazydays (NasdaqCM: LAZY) has completed the acquisition of Buddy Gregg RVs & Motor Homes in Knoxville, Tennessee. This acquisition strengthens our presence in the Knoxville market and more than offsets the loss of our Maryville store which will be closed due to the expansion of the Alcoa Highway by the Tennessee DOT. We have renamed the store Lazydays RV of Knoxville at Turkey Creek and anticipate approximately $40 million in annualized revenue.

Company Information

Company

Lazydays RV

Location

Tampa, Florida, United States

About

Lazydays RV is a notable dealer of recreational vehicles, recognized for its wide selection and quality service. The company operates several locations in the United States, providing customers with a comprehensive RV servicing experience. Lazydays has a strong local presence and customer loyalty.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed