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. Competing dealer will be any licensed RV dealership as recognized by the State in which the dealer operates and is not a Camping World RV Sales or FreedomRoads dealer RV Retailer's capital partner is Redwood Capital Investments. Okechobee KOA - Okeechobee, FL Detailed Profile of REDWOOD CAPITAL MANAGEMENT, LLC portfolio of holdings. 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. RV Retailer also is picking up the cost of coveted technical certifications for service people and has launched a tech-mentor apprenticeship program. $58,477 (73 miles from USA RV) New 2023 Keystone Montana 3761FL. Redwood Capital Investments is the private investment company for the founders of Allegis Group. ", 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. ExploreUSA sold approximately 5,000 RVs in 2017. CSA: 10/15/25 (1-month, 3-month, 6-month). Text 757-378-0711. Official MapQuest - Maps, Driving Directions, Live Traffic Pair that with OEMs that have higher-quality entry-level products than 10 or 20 years ago. "We are excited to partner with Scott Chaney, Brian Booker and the entire ExploreUSA management team to continue its run as a premier RV towable dealer in Texas," said Jon Ferrando, President and CEO of RV Retailer. Goldman Sachs was sole lead arranger on the deal. They provide an exceptional experience to the thousands of customers that purchase and service their RVs at ExploreUSA every year. 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 LAST ONE !!!!! The liquidation event is being managed by Hilco Merchant Resources, Gordon . Founded in 2006, Redwood Capital Investments is a private equity firm based in Washington DC, District of Columbia. Redwood reset the bar to a higher level, all for you! Modernizing the repair-service process in the industry is one of RV Retailers main goals. RV Retailer's capital partner is Redwood Capital Investments. 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 focusing in the U.S. Southeast but executing nationwide. Honestly, I keep waiting for them to disappoint me but they dont. Hidden Harbour Marina - Pampano Beach, FL $35,950 (64 miles from USA RV) New 2017 Winnebago Winnie Drop 170K. All offers on approved credit. 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. You can include makes of RVs to help you find the RV you have been searching for. RV Retailer, LLC was founded in 2018 to create a leading recreational vehicle retail company in the United States. Cision Distribution 888-776-0942 Ferrando co-founded RV Retailer in 2018 with John Rizzo, who is executive vice president, chief financial officer and treasurer. Visit our RV parts store to browse our entire selection. We at Redwood Capital have the resources you need to gain the financial freedom to pursue your passions. We saw an opportunity to come in and focus on the customer to build a great retailer in RVs.. As I get ready to start my life on the road, I feel completely taken care of and confident in my new (used) home on wheels. Between our travel trailers, fifth wheels, toy haulers and motorhomes, you're sure to find an RV model that's perfect for your needs. FORT LAUDERDALE, Fla., Sept. 5, 2018 /PRNewswire/ -- RV Retailer, LLC announced today that it signed an agreement to acquire ExploreUSA Supercenter (www.exploreusa.com), the #2 volume RV dealer in Texas, from Scott Chaney and Brian Booker, who will continue to lead ExploreUSA and will retain an ownership stake in the business. 800-930-2267 www.capitalrv.com. Get on board with the RVing life and let us help get you into the RV of your dreams! Redwood City, CA RV Rental Deals from $12.00 | RVshare I just really appreciate the experience; they seem to have a strong & fun work culture. as Head of Yahoo! Amanda gave a great walk-through to explain controls and operation of our motorhome. 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. Equity LifeStyle Properties is a leading owner and operator of manufactured home communities, RV resorts and campgrounds in North America. Opinions expressed by Forbes Contributors are their own. Payments based on 8.99% interest. Full-width rear bathroom, sofa with table-connect, and a fabulous modern look! "This proven group of executives is building a world-class experience for consumers leveraging technology and process. Need some help? One effect, Ferrando said, is that a forklift driver or detailer in one of our stores can become a level-one service technician in 180 days and be on their way to great careers. All of that has been accelerated over the last 14 months by Covid shutdowns.. Larry Hall will be responsible for the day-to-day operations of ExploreUSA Supercenters in Texas, also reporting to Jon Ferrando. 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. RV Retailer, LLC | Stephens gtag('js', new Date()); Store closing sales have commenced across all 360 Bed Bath & Beyond and 120 buybuy BABY store locations nationwide. Donny is the son of Doug O'Banion, who founded Motor Home Specialist over 20 years ago. Stop in today to see all our RVs, and contact us for more information. RV Retailer, LLC - Home - Facebook Dale Hollow State Park Marina - Burkesville, KY 185.132.42.81 Acquisitions Shaking Up Dealer Sector - RV PRO Find out more about parts and accessories we offer. JW Marriott Sao Paulo Av. Fun new colors with AC, heat, radio, and an outdoor kitchen! Famous most recently served as Executive Vice President and CMO at Bluegreen Vacations, which went public in 2017. This website is using a security service to protect itself from online attacks. Sell New or Used RVs - RVTrader.com 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. $18,480 (102 miles from USA RV) New 2023 Keystone Arcadia 332SLRL. Das Naes Unidas 14401, Torre Hotel Chcara Santo Antnio So Paulo, BR-SP. As a result, soon it might be possible to get your RV fixed much more quickly than RV owners have become accustomed to. * All advertised prices exclude government fees and taxes, any finance charges, any dealer document processing charge, pre-delivery inspection and freight fees, any electronic filing charge, and any emission testing charge. 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 is taking advantage by consolidating much of an industry retail network that historically has been highly fragmented. The firm seeks to invest in B2B, commercial products, services, energy, healthcare, marketable securities, and technology sectors. The term loan was previously priced at L+400, with a 0.75% Libor floor. The firm seeks to invest through means of buyout and growth capital. Home - Redwood Capital Capital RV is the top RV Dealer in North Dakota. "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. Redwood is "an exceptional investment partner with sufficient capital to fund our long-term growth plans," Ferrando says. 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! 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. If you have an RV you are trying to sell or consign so you can get a newer or different model, we can buy it here at Bill Eads RV. Buyers order valid for 30 days from time of write up. Pine Haven Camping Resort - Cape May Court House, NJ /marketintelligence/en/news-insights/latest-news-headlines/rv-retailer-completes-596m-term-loan-repricing-200m-add-on-terms-68423404 Home - Alpin Haus RV Dealership Group | Capital Region NY We have a wide selection of incredible RVs for you to check out at all of our central Arizona locations, plus our newest location in Tucson.From highly popular travel trailers to luxurious fifth wheels, and even amazing class A and class C motorhomes; Tom's Camperland is excited . RV Retailer Keeps Expanding, Bets Big On Continuing Boom In Sales "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.". 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. 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. Mon - Fri 9:00am-6:00pm EST. (64 miles from USA RV) New 2023 Forest River Wildwood X-Lite 263BHXL. When typing in this field, a list of search results will appear and be automatically updated as you type. "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. "Motor Home Specialist is a unique and differentiated RV retail business which will provide a strong foundation for future growth. 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. REDWOOD RV The original Redwood luxury vehicle. Redwood has a diverse portfolio of operating company investments across the. Its an array of training that no one else is doing, and its paying off within our stores and in teh stores we acquire and are opening. The transaction lowered the spread on the facility to 375 basis points over the secured overnight financing rate plus a credit spread adjustment. RV dealers generally have been focused on selling new or used RVs and havent invested enough in the service side of the business, Ferrando said. RV Retailer completes $596M term loan repricing, $200M add-on; terms RV Retailer President and Chief Executive Officer Jon Ferrando is about as bullish as they come in assessing the prospects for U.S. recreational-vehicle sales over the next year or so. Sleeps 6, only 25' long and 5,600lbs, power awning, and LOTS MORE! USA RV in Raleigh, NC | RV Dealer | North Carolina - RVUSA.com We have some of the top brand name RVs for sale at incredible prices. We have an expansive inventory of both New and Used RVs for sale, including motorhomes, travel trailers, fifth wheels, toy haulers, and more! 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. Fish-Tale Marina - Ft. Myers Beach, FL Fifth Wheels Class C For Sale in Tempe, az - Browse 753 Fifth Wheels Class C Near You available on RV Trader. Stop in today to see all our RVs. Official MapQuest website, find driving directions, maps, live traffic updates and road conditions. The Finance/Document experience (Bob) was also very quick, and while he explained my extended warranty options, he didn't pressure me at all to buy (and the price seems fair if you do in fact want the extended third party warranty). Family Office Of Baltimore Ravens Owner Buys Car Dealerships . To learn more about partnering with Redwood Capital in future investment opportunities please provide the below contact information and we will connect with you. HARD TO FIND !!!! esgSubNav, Discover more about S&P Globals offerings. It makes for a better RV experience. Lake Conroe KOA - Montgomery, TX Redwood Capital Investments is the private investment company for the founders of Allegis Group. If at any time you have difficulty using this website or with a particular web page or function on this site, please contact us by phone at Blue Compass RV 954-908-3645; place "Web Content Accessibility (ADA)" in the subject heading and we will make all reasonable efforts to assist you. 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. The success of Reeds Trailer Sales isn't entirely based on their huge selection of quality . "We expect to complete the transaction early in the fourth quarter 2018, following manufacturer approvals and other customary conditions to closing.". 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 leadership team has over 200 years of automotive and RV retail industry experience. content 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. The action you just performed triggered the security solution. ", "We look forward to working with Scott and Brian and the whole ExploreUSA management team through this transition" said John Rizzo, Executive Vice President and CFO of RV Retailer. 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. As it turns out, it worked extremely well. ", "Doug and Sharon O'Banion were great to work with through this transition," said John Rizzo, Executive Vice President and CFO of RV Retailer. from 8 AM - 9 PM ET. ", "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. They seemed to understand I was a "newbie" and even showed me all of the details of how to work the weight-distribution hitch they installed on my truck. Famous Rhodesis a seasoned automotive executive with years of experience leading and building marketing and technology teams. Those that dropped by would find Dan contemplating how well this new venture was going to work. 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. As your favorite new and used RV dealer in the country, we are dedicated to providing you with the top name brands in the RVing industry! Toggle navigation . "We are excited about the addition of ExploreUSA to strengthen our presence in Texas and provide a strong foundation for future growth. 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 . Equity LifeStyle Properties is a leading owner and operator of manufactured home communities, RV resorts and campgrounds in North America. Redwood partners with founders, family-business owners and management teams to build best-in-class companies over the long-term. See dealer for details. The repriced term loan came at par while the new money add-on priced at an original issue discount of 99.5. 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. REDWOOD CAPITAL MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com Motor Home Specialist also provides service and parts and customer financial services to its customers. Redwood (50) Regency Conversions (65) Renegade (111) Riverside Rv (158) Roadtrek (175) Shasta (169) If you are looking for an awesome price on your next RV, look no further than Bill Eads RV! I was anxious to get it home so took it before all items were fixed. RV Retailer is led by co-foundersJon Ferrando, Chief Executive Officer and President, andJohn Rizzo, Executive Vice President, Chief Financial Officer and Treasurer. . I also look forward to continuing our outstanding relationships with our valued RV manufacturer partners. Redwood has a diverse portfolio of operating company investments across the consumer, transportation, distribution and telecom sectors. 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. Global Credit and Risk Symposium: Unlocking Possibilities, $596 million repriced term loan B, $200 million fungible add-on term loan, Sofr+CSA+350-375/0.75%/100 (repricing)/99.5 (new money). ", "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. Redwood Capital Investments is the private investment company for the founders of Allegis Group. 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! And the OEMs havent focused their supply networks on the repair side. We can help at our top-notch RV service center. Sleeps 9, PVC roof stays cooler, power awning, sofa and dinette, stove, oven microwave, and fridge! New 2022 Highland Ridge RV Olympia 26BH MSRP: $37,171 Sale Price: $16,900 New 2022 Highland Ridge RV Olympia 26BH MSRP: $37,171 Sale Price: $16,900 New 2022 Highland Ridge RV Olympia 26BH MSRP: $37,171 Sale Price: $16,900 New 2022 Highland Ridge RV Olympia 26BH MSRP: $37,171 Sale Price: $16,900 New 2022 Hero Camper Ranger RANGER MSRP: $39,037 Explore! So far, I haven't had any major issues with the unit. Combined, ExploreUSA and Motor Home Specialist are expected to generate approximately $500 million of revenue in 2018.". RV Retailer's leadership team has over 250 years of automotive and RV retail industry experience. Both appointments are effective December 1, 2019. "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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