RV Retailer, LLC Acquires Motor Home Specialist

FORT LAUDERDALE, Fla., July 2, 2018 /PRNewswire/ -- RV Retailer, LLC announced today that it has acquired Motor Home Specialist (www.mhsrv.com), the #1 volume motor home dealership in the world, from the O'Banion family. Donny O'Banion will continue to lead Motor Home Specialist as CEO and will retain an ownership stake in the business. Donny is the son of Doug O'Banion, who founded Motor Home Specialist over 20 years ago.

Motor Home Specialist retailed over 2,200 RVs in 2017, generating over $275 million in revenue. Motor Home Specialist retails new and used motor homes and towable RVs from its flagship 80-acre RV dealership facility located in Alvarado, TX in the Dallas-Fort Worth market. Motor Home Specialist also provides service and parts and customer financial services to its customers.

"We are excited to partner with Donny O'Banion and the Motor Home Specialist management team to continue its run as the #1 motor home dealer in the world from its home base in Texas," said Jon Ferrando, President and CEO of RV Retailer. "We also welcome Motor Home Specialist's 140 dedicated associates to the RV Retailer family. They provide an exceptional experience to the thousands of customers that purchase from Motor Home Specialist every year. We will continue to operate the business under the Motor Home Specialist retail brand name which has been built successfully over the past 20 years."

Jon Ferrando added, "The high-quality, premium RV product mix across a wide range of brands offered by Motor Home Specialist from its best-in-class facility is outstanding. We look forward to working with all of the manufacturer partners to continue to represent their RV products in a world-class manner."

RV Retailer, LLC was founded in 2018 by Jon Ferrando and John Rizzo, together with Redwood Capital Investments, to create a leading recreational vehicle retail company in the United States with a focus on providing an outstanding experience for RV customers in new and used sales, service and parts, and customer financial services.

"We are proud to be working with the RV Retailer team to build a premier RV dealership platform," said Patrick Sissman, Vice President at Redwood Capital Investments. "Motor Home Specialist is a unique and differentiated RV retail business which will provide a strong foundation for future growth."

"I am thrilled to partner with Jon Ferrando and the RV Retailer team as we lead Motor Home Specialist to new heights," said Donny O'Banion, CEO of Motor Home Specialist. "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 will continue to drive the business using our industry-leading web site with great customer tools, our professional sales and service team, and our transparent customer approach with everyday low prices."

"I am extremely pleased to put this transaction together with the RV Retailer team," said Doug O'Banion, founder of Motor Home Specialist. "While it was difficult for me to retire from the business, it was important for me to secure the future of Motor Home Specialist under the leadership of my son Donny O'Banion and with the right business partners. I am excited for our associates and confident that Motor Home Specialist will continue as the #1 motor home dealer in the world."

"Doug and Sharon O'Banion were great to work with through this transition," said John Rizzo, Executive Vice President and CFO of RV Retailer. "There will always only be one founder of Motor Home Specialist, and it is Doug O'Banion."

About RV Retailer, LLC

RV Retailer, LLC was founded in 2018 to create a leading recreational vehicle retail company in the United States with a focus on providing an outstanding experience for RV customers in new and used sales, service and parts, and customer financial services. RV Retailer's capital partner is Redwood Capital Investments.  RV Retailer is led by Jon Ferrando, Chief Executive Officer and President, and John Rizzo, Executive Vice President, Chief Financial Officer and Treasurer. Jon Ferrando and John Rizzo were instrumental in building America's largest automotive retailer from start-up to over $20 billion in revenue and collectively have over 25 years of experience in automotive retail and over 50 years of experience building and growing industry leading businesses. According to Statistical Surveys, Motor Home Specialist was the #1 volume motor home dealer in the U.S. in 2017. RV Retailer is actively seeking new acquisitions and organic growth opportunities.

About Redwood Capital Investments

Redwood Capital Investments is the private investment company for the founders of Allegis Group. Redwood's primary objective is to become long-term partners with private business owners and management teams. Redwood has a diverse portfolio of operating company investments across the consumer, transportation, distribution and telecom sectors.

Jon Ferrando, (954) 414-0371, [email protected]

SOURCE RV Retailer, LLC

Related Links

https://www.rvretailer.net