Lazydays Announces Acquisition Of Orangewood RV Center In Surprise, Arizona; No Financial Terms Disclosed

11/22/23 8:01:14 AM ET

Retail-Auto Dealers and Gas Stations

Consumer Discretionary

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Lazydays (NasdaqCM: LAZY) is pleased to announce the acquisition of Orangewood RV Center, an RV dealership located in Surprise, Arizona. The store has been renamed "Lazydays RV of Phoenix at Arrowhead" and marks the 24th location in its growing nationwide network, strengthening its presence in the Western region. Lazydays expects the new store to generate approximately $40 million in annualized revenue. In 2023, Lazydays has completed five acquisitions and opened three greenfield locations which are expected to generate over $300 million in annualized revenue. The location will continue to offer high quality new inventory from Grand Design, Keystone, KZ, and Starcraft.

By acquiring Orangewood RV and its dedicated team of employees, Lazydays aims to bring even more convenience, choice, and top-tier RV options to its valued customers in Arizona. Lazydays would also like to thank the seller, Mark Treacy, for his efforts in making this acquisition incredibly smooth.

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Date	Price Target	Rating	Analyst
6/30/2023	$11.00 → $14.00	Neutral → Buy	DA Davidson
6/12/2023	$20.00	Market Outperform	CJS Securities
4/12/2023	$12.00	Neutral	DA Davidson
3/11/2022	$20.00 → $24.00	Hold	Truist Securities
3/11/2022	$33.00 → $25.00	Buy	Craig-Hallum

Lazydays Announces Acquisition Of Orangewood RV Center In Surprise, Arizona; No Financial Terms Disclosed

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Lazydays Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

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