NEW YORK, May 14, 2004 – Bruckmann, Rosser, Sherrill & Co. (“BRS”) announced today the completion of the acquisition of Lazy Days’ RV Center Inc. (“Lazy Days”). The Lazy Days management team also participated in the transaction.
Lazy Days is the world’s largest retailer of Recreational Vehicles (“RVs”). In 2003, the Company sold over 7,400 new and pre-owned RVs and attracted more than 250,000 visitors to its 126-acre facility outside Tampa, Florida. Lazy Days retails both new and pre-owned RVs, provides maintenance and repair services, and offers a variety of ancillary products including insurance and extended warranties. While Lazy Days offers a broad product line of RVs, its primary focus is on Class A motorhomes, the highest priced and fastest growing segment of the RV industry.
BRS is a New York based private equity investment firm with approximately $1.2 billion under management. BRS was founded in 1995 and has since invested in over 20 companies in the following industries: restaurants, consumer goods, specialty retail, recreation/leisure, apparel, home furnishings, industrial and commercial services, commercial equipment manufacturing, wholesale distribution and healthcare services. BRS makes leveraged buyout, recapitalization and growth capital investments in companies with superior management, predictable cash flow, strong market share and growth potential. All management teams of BRS companies are equity investors in their businesses.