There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The repriced term loan came at par while the new money add-on priced at an original issue discount of 99.5. Donny is the son of Doug O'Banion, who founded Motor Home Specialist over 20 years ago. If you want some more help finding that perfect, dream RV, just contact us today for all of the details at Bill Eads RV - your favorite new and used RV dealer in California! We can help at our top-notch RV service center. Blue Compass RV is your go to destination for RVs. I also look forward to continuing our outstanding relationships with our valued RV manufacturer partners. Explore! ", "Doug and Sharon O'Banion were great to work with through this transition," said John Rizzo, Executive Vice President and CFO of RV Retailer. /marketintelligence/en/news-insights/latest-news-headlines/rv-retailer-completes-596m-term-loan-repricing-200m-add-on-terms-68423404 86% of retail CFD accounts lose money, http://www.prnewswire.com/news-releases/rv-retailer-llc-acquires-motor-home-specialist-300675163.html, Registration on or use of this site constitutes acceptance of our. With large sales lots in Rocklin, Davis, and Madera, and a phenomenal service center located in Loomis, we are one of California's favorite RV dealers! With large sales lots in Rocklin, Davis, and Madera, and a phenomenal service center located in Loomis, we are one of California's favorite RV dealers! 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. Pilot Knob RV Resort - Winterhaven, CA RV Retailer is led by co-founders Jon Ferrando, Chief Executive Officer and President, and John Rizzo, Executive Vice President, Chief Financial Officer and Treasurer. As the capital of California, there are many ways to spend a few days in historic Sacramento, including the Leland Stanford Mansion State Historic Park. RV Retailer has 24 RV stores inArizona,Florida,Iowa, New York, North Carolina, South CarolinaandTexaswith over$1 billionin annual revenue. Whether you are looking for an awesome RV for a long-term road trip, or a smaller or more lightweight RV for the occasional weekend getaway, Blue Compass RV is here to provide you with some outstanding options and deals that you just wont find anywhere else. I bought a used Motorhome from their great sales department and then had orientation where a few fixes were noted. Bay Point Marina - Marblehead, OH. RV Retailer, backed by Redwood Capital, is a U.S. recreational vehicle retail company providing new and used RV sales, service and parts, and financial services. "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. Fish-Tale Marina - Ft. Myers Beach, FL Redwood partners with founders, family-business owners and management teams to build best-in-class companies over the long-term. Redwood Capital's purchase also includes $26 million for the Chrysler, Dodge, Ram and Jeep dealership at 2250 North State Road 7 in Margate, the nearby repair shop at 5410 Northwest 24th Street . Call 877-872-3373. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Detailed Profile of REDWOOD CAPITAL MANAGEMENT, LLC portfolio of holdings. SEC Filings include 13F quarterly reports, 13D/G events and more. Motor Home Specialist also provides service and parts and customer financial services to its customers. So far, I haven't had any major issues with the unit. New 2022 Redwood RV Redwood 3951MB Stock #B5396 Boerne TX Price excludes tax, title, freight, and pre-delivery inspection +25 View More Sleeps 6 5 Slides 42ft long 15308 lbs Front Living Bath and a Half Compare Sale Price: $106,999 MSRP: $166,077 Dealer Discount: $59,078 Confirm Availability View Details New 2022 CrossRoads RV Redwood 3401RL The liquidation event is being managed by Hilco Merchant Resources, Gordon . . Redwood's primary objective is to become long-term partners with private business owners and management teams. Redwood RV is the foundation of luxury. LAST ONE !!!!! Skip to main content. I am grounded in autos but range broadly. Please be aware that our efforts are ongoing. RV Retailer, LLC was founded in 2018 to create a leading recreational vehicle retail company in the United States. REDWOOD RV The original Redwood luxury vehicle. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. This website is using a security service to protect itself from online attacks. RV Retailer is led by Jon Ferrando, Chief Executive Officer and President, and John Rizzo, Executive Vice President, Chief Financial Officer and Treasurer. - Famous Rhodes Appointed Chief Marketing & Technology Officer, - Larry Hall Appointed President, ExploreUSA Supercenters, - ExploreUSA Founder Scott Chaney to Continue at Explore as Partner. 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. Crossroads Redwood RVs for Sale at Camping World - the nation's largest RV & Camper Dealer. esgSubNav, Discover more about S&P Globals offerings. The company offers housing options and vacation opportunities to meet a variety of customer needs, while residents and guests enjoy beautiful communities, resorts and campgrounds in some of the most desirable housing markets and vacation destinations in the . $58,477 (73 miles from USA RV) New 2023 Keystone Montana 3761FL. RV Retailer's leadership team has over 200 years of automotive and RV retail industry experience. 2 Recliners, king bed, electric jacks, and an open concept floorplan! 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. According to Statistical Surveys, Motor Home Specialist was the #1 volume motor home dealer in the U.S. in 2017. Inlet Harbour Marina - Ponce Inlet, FL "There will always only be one founder of Motor Home Specialist, and it is Doug O'Banion.". Full-width rear bathroom, sofa and table-connect, with a king bed! Visit our RV parts store to browse our entire selection. Cloudflare Ray ID: 7c0e53e89fcc23b9 Our trained technicians are here to help you with your service needs. To learn more about partnering with Redwood Capital in future investment opportunities please provide the below contact information and we will connect with you. 800-930-2267 www.capitalrv.com. Despite our efforts, occasionally errors resulting from typos, inaccurate detail information or . Hi-Lift Marina - Aventura, FL gtag('js', new Date()); Sleeps 9, only 4,800lbs, roof-mounted AC, residential appliances, electric jacks, and a power awning! Your IP: Redwood (50) Regency Conversions (65) Renegade (111) Riverside Rv (158) Roadtrek (175) Shasta (169) 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. Redwood has a diverse portfolio of operating company investments across the. You can email the site owner to let them know you were blocked. Premier Trailer Leasing Acquired by Redwood Capital AUG 10, 2016 - 7:27 am Premier Trailer Leasing, a provider of trailer leasing and rental assets in the U.S., was acquired by Redwood Capital Investments from Garrison Investment Group. We have an expansive inventory of both New and Used RVs for sale, including motorhomes, travel trailers, fifth wheels, toy haulers, and more! They agreed to do all of it which was terrific. One of the biggest opportunities for improvement that Ferrando saw was in modernizing repair service in the industry. In his role, Larry's team drove significant increases in revenue and profitability. See dealer for details. Buyers order valid for 30 days from time of write up. We will continue to operate the business under the ExploreUSA retail brand name. As it turns out, it worked extremely well. I am excited for our associates and confident that Motor Home Specialist will continue as the #1 motor home dealer in the world. ExploreUSA sold approximately 5,000 RVs in 2017. Lake Conroe KOA - Montgomery, TX Private Master Suite, Rear Living Entertainment, Fireplace and Much More!!! Find RV Dealers near you - Locate RV Dealerships on RV Trader. JW Marriott Sao Paulo Av. According to Statistical Surveys, Motor Home Specialist was the #1 volume motor home dealer in the U.S. in 2017. Hidden Harbour Marina - Pampano Beach, FL Back in 1990, Dan Reed started selling small utility trailers from what was supposed to be his used truck lot. Chat. As RV Retailer deploys the funds from the term loan add-on towards acquisitions and improves the capabilities of its existing base of RV dealerships, Moody's expects additional EBITDA growth. "Larry has a strong track record driving sales growth, and brings great passion about supporting and developing high performing sales and service teams. - Dallas/Fort Worth, San Antonio, Houston and Austin Markets. "Famous brings years of experience building and leading strong marketing and technology teams,"saidJon Ferrando. Full-width rear bathroom, outdoor kitchen, electric jacks, recliners, and a king bed! The dealer cost add-ons were clear, not a "surprise" and seemed fair for what you are getting. RV Retailer LLC has completed the repricing of its $596 million term loan B due February 2028 and the accompanying $200 million fungible add-on to the term loan that will be used to finance the company's near-term acquisition pipeline, according to sources. Okechobee KOA - Okeechobee, FL Retiring baby boomers and new younger buyers are getting into the industry and starting to enjoy the outdoor lifestyle, Ferrando told me. RV Retailer, LLC is a leading recreational vehicle retail company in the United States with a focus. "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. 185.132.42.81 Market Intelligence Transaction Details On July 2, 2018, RV Retailer, LLC, founded by Jon Ferrando and John Rizzo, announced that it has partnered with Redwood Capital Investments, LLC ("Redwood") to create a leading recreational vehicle retail company in the United States Redwood is the private investment company for the founders of Allegis Group King bed, full-width rear bath, sleeps 6, and an outdoor kitchen! HARD TO FIND !!!! $104,250 (64 miles from USA RV) Used 2020 Heartland Mallard M335. Redwood Capital Investments backed them initially and continues to bankroll the growth of RV Retailer through acquisitions, store additions and organic increases, which the company is. We looked at the industry and saw a tremendous opportunity, with how fragmented [RV retailing] was and how outdated with respect to technology processes, Ferrando said. Boathouse Marina - Beaufort, NC Ferrando cut his management teeth under the late Wayne Huizenga, who built AutoNation with a similar approach by rolling up hundreds of independent auto dealers over a few decades into Americas largest car-dealing corporation. Capital RV is the top RV Dealer in North Dakota. Price excludes taxes, title, pre-delivery inspection, and freight. Ferrando co-founded RV Retailer in 2018 with John Rizzo, who is executive vice president, chief financial officer and treasurer. "We also welcome Motor Home Specialist's 140 dedicated associates to the RV Retailer family. Most recently he served as EVP of Sales and Marketing for Premier Trailer Leasing, a leading U.S. trailer rental and leasing company serving the trucking industry headquartered in Dallas, Texas. RV Retailer is actively seeking new acquisitions and organic growth opportunities. Regional store brands include: RV One Superstores, Motor Home Specialist, ExploreUSA, Sonny's Camp N Travel and Tom's Camperland, which sell a wide range of new and used RV brands with thousands of RVs in inventory. Fifth Wheels Class C For Sale in Tempe, az - Browse 753 Fifth Wheels Class C Near You available on RV Trader. So were focused on leading the industry over the next decade in customer service and on addressing the service-capacity need.. Cision Distribution 888-776-0942 As a result, he said, many of the customers new to the industry are facing the unexpected frustration of having to wait six to eight weeks in the middle of the summer, at that to get repairs made to the new or used recreation vehicle they recently bought. GREAT OFF ROAD, New 2022 Winnebago Industries Towables Micro Minnie 1700BH, New 2023 Forest River RV Rockwood GEO Pro G19FD, New 2022 Cruiser Radiance Ultra Lite 28BH, New 2022 TAXA Outdoors Mantis Mantis Overland. Pine Haven Camping Resort - Cape May Court House, NJ Redwood has a diverse portfolio of operating company investments across the consumer, transportation, distribution and telecom sectors. Performance & security by Cloudflare. Even amid an unprecedented labor shortage across the U.S. economy, he said, RV Retailer plans to employ about 700 service technicians by the end of the year, up from about 400 at the beginning. Redwood partners with founders, family-business owners and management teams to build best-in-class companies over the long-term. Modernizing the repair-service process in the industry is one of RV Retailers main goals. Scott Chaney, currently CEO and founder of ExploreUSA Supercenters, will continue his involvement with RV Retailer and ExploreUSA as a Partner. Schedule a tour of your next recreational vehicle by . "We will benefit from Scott's continued involvement and support at RV Retailer and ExploreUSA. Have something you need repaired or serviced on your RV? Opinions expressed by Forbes Contributors are their own. Save on RV rentals near Redwood City. I then noticed a couple other issues that I told them about when I brought it back. Goldman Sachs was sole lead arranger on the deal. ", "I am very excited to join an exceptional team at RV Retailer and to lead the ExploreUSA Supercenter business in Texas," said Larry Hall. function gtag(){dataLayer.push(arguments);} You can get an RV for sale in San Antonio when you visit our dealership that's conveniently located at 8615 West Highway 90, San Antonio, TX 78227. "I look forward to supporting the 350 ExploreUSA team members as we look to build on the strong foundation of growth at ExploreUSA and continue providing a world-class experience for our customers.". ", "I look forward to partnering with Jon Ferrando and the RV Retailer team as we look to continue growing ExploreUSA," said Scott Chaney, CEO of ExploreUSA. RV Retailer's capital partner is Redwood Capital Investments. In recognition of this commitment, we are in the process of making modifications to increase the accessibility and usability of this website, using the relevant portions of the Web Content Accessibility Guidelines 2.0 (WCAG 2.0) as our standard. Redwood Capital Investments is the private investment company for the founders of Allegis Group. Motorized units available at selected locations. So, among other things, RV Retailer has launched what Ferrando called the industrys biggest-ever training and development program, including millions of dollars of investment in three regional training centers that boast 100 service bays for hands-on technical training and state-of-the-art technology for classroom training. RV Retailer's capital partner is Redwood Capital Investments. Tom's CamperLand is proud to be the #1 new and used RV dealership in the Southwest! Autos, and eBay as Head of eBay Motors. They provide an exceptional experience to the thousands of customers that purchase and service their RVs at ExploreUSA every year. RV Retailer completes $596M term loan repricing, $200M add-on; terms, IR In Focus | Episode 4: Insights to Navigate Investor Activism, Masters of Risk | Episode 2: A Discussion with Ilya Khaykin, According to Market Intelligence, April 2023. Get on board with the RVing life and let us help get you into the RV of your dreams! FORT LAUDERDALE, Fla., Nov. 6, 2019 /PRNewswire/ --RV Retailer, LLC announced today the appointment of Famous P. Rhodesas Corporate Vice President, Chief Marketing and Technology Officer, and Larry Hall as President, ExploreUSA Supercenters. Store it in your garage! as Head of Yahoo! I highly recommend Bill Eads Sales & Service! RV Retailer's leadership team has over 250 years of automotive and RV retail industry experience. Search either by zip code, state or by a specific dealer using the form. ", 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. gtag('config', 'UA-153158295-1'); Interested in passively investing in mobile home parks? Equity LifeStyle Properties is a leading owner and operator of manufactured home communities, RV resorts and campgrounds in North America. The head of the service department even introduced himself in the middle of the process, letting me know I could call him personally if there were any problems. RV Retailer is taking advantage by consolidating much of an industry retail network that historically has been highly fragmented. "Motor Home Specialist is a unique and differentiated RV retail business which will provide a strong foundation for future growth. Both appointments are effective December 1, 2019. Redwood Capital was formed to provide its investors a way to achieve continuous cashflow and equity secured by mobile home parks. The action you just performed triggered the security solution. When we decided to purchase, we negotiated a fair price. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Official MapQuest website, find driving directions, maps, live traffic updates and road conditions. You can include makes of RVs to help you find the RV you have been searching for. Cision Distribution 888-776-0942 (64 miles from USA RV) New 2023 Forest River Wildwood X-Lite 263BHXL. 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. Redwood reset the bar to a higher level, all for you! About RV Retailer FOUNDED: 2017 PHONE: 1-954-908-3650 WEBSITE: rvretailer.net Employees 1,000+ Now Hiring Location Fort Lauderdale, FL 100 SE 3rd Ave, Suite 1850, Remote Work Fully In-office RV Retailer Mission & Bio MISSION STATEMENT: Our goal is to help all recreational vehicle owners get the most out of their RV lifestyle. Welcome to Tom's CamperLand. . "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. Redwood Capital Investments is the private investment company for the founders of Allegis Group. Full-width rear bathroom, dinette slide out, power awning, and only 3,400lbs! Amanda gave a great walk-through to explain controls and operation of our motorhome. Despite the fact it was a 100 degree day and the staff was sweating, they spent a couple hours with me while I tested everything on the unit and patiently answered all of my questions. 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. Were here to help create lifelong memories for you. . RV Retailer LLC has completed the repricing of its $596 million term loan B due February 2028 and the accompanying $200 million fungible add-on to the term loan that will be used to finance the company's near-term acquisition pipeline, according to sources. Email. "As we seek to create a world-class RV sales and service experience across our growing network of 24 stores,Famous Rhodes' track record and experience makes him a great addition to our already experienced retail team. RV Retailer's capital partner is Redwood Capital Investments. Famous Rhodesis a seasoned automotive executive with years of experience leading and building marketing and technology teams. "We are excited about our new partnership with Redwood. He has led large teams, has a deep understanding of sales, marketing, and dealership fixed operations and he has managed businesses in all economies including a strong track record driving sales growth. We are excited to provide you with a ton of fantastic new and used models of travel trailer, toy hauler, fifth wheel, motorhome, and anything else you could want for your next RV. Founded in 2006, Redwood Capital Investments is a private equity firm based in Washington DC, District of Columbia. I went into the experience with a lot of fear given this was my first travel trailer and the whole industry seems to have a poor reputation, but they made my experience super easy and pleasant.The sales experience (Terry) was very easy, and I didn't feel any pressure. . Learn More Fifth Wheels Find Your Perfect RV There are so many different types of RVs, there's definitely something for everyone. Click to reveal We have some of the top brand name RVs for sale at incredible prices. Donny O'Banion will continue to lead Motor Home Specialist as CEO and will retain an ownership stake in the business. The term loan was previously priced at L+400, with a 0.75% Libor floor. window.dataLayer = window.dataLayer || []; "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.
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