Lazydays Announces Acquisition Of Orangewood RV Center In Surprise, Arizona; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Lazydays (LAZY) has acquired Orangewood RV Center in Surprise, Arizona, renaming it 'Lazydays RV of Phoenix at Arrowhead'. This addition is the 24th location for Lazydays and is expected to contribute approximately $40 million in annualized revenue. In 2023, Lazydays has completed five acquisitions and opened three new locations, anticipated to bring over $300 million in annualized revenue. The acquisition enhances Lazydays' presence in the Western region and continues to offer products from Grand Design, Keystone, KZ, and Starcraft.
November 22, 2023 | 1:01 pm
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Lazydays' acquisition of Orangewood RV Center is expected to generate $40 million in annualized revenue and strengthens its network with the 24th location. The company's aggressive expansion strategy in 2023 is set to yield over $300 million in annualized revenue from new acquisitions and locations.
The acquisition of Orangewood RV Center is likely to have a positive short-term impact on Lazydays' stock price due to the expected increase in annualized revenue and the expansion of its retail network. The company's aggressive growth through acquisitions and new locations is a strong signal to investors of its commitment to expanding its market share and revenue base. The lack of financial terms disclosed does not provide a complete picture, but the projected revenue figures are promising.
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