Lazydays stock soars after acquisition announcement by Campers Inn RV

Investing.com -- Lazydays Holdings, Inc. (NASDAQ:GORV) stock soared 145% after the company announced it has entered into a letter of intent for Campers Inn RV to acquire substantially all of its assets and subsidiaries.

The acquisition would expand Campers Inn RV’s nationwide presence to 48 dealership locations across 22 states, providing the company with its first entry into Tennessee, Colorado, and Utah. According to the letter of intent, Campers Inn plans to continue operating Lazydays’ dealerships in Tucson, AZ; Johnstown, CO; Seffner, FL; Knoxville, TN; and St. George, UT after the closing.

The transaction is valued at approximately $30 million for furniture, fixtures, equipment, parts, goodwill, and other personal property, plus additional consideration for recreational vehicle inventory and owned real property based on specified pricing methodologies and appraised values.

Campers Inn RV, the nation’s largest family-operated RV dealership group, aims to complete the transaction before Thanksgiving and no later than December 1, 2025. The deal may close in a series of site-by-site closings if mutually agreed by both parties.

"The Lazydays Tampa-area dealership in Seffner, FL is expected to operate under the name ’Lazydays by Campers Inn RV’ after the closing," according to the announcement. The Tampa facility, located on 129 acres, is described as the largest single-point RV dealership in the world.

As part of the binding provisions, Campers Inn has paid Lazydays a $1 million deposit, which will be credited toward the purchase price upon closing. The agreement includes a $10 million breakup fee if Lazydays pursues a superior offer during the exclusivity period, which extends through October 6, 2025.

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