M&A - Lazydays Holdings, Inc.

Form Type: 8-K

Filing Date: 2025-05-23

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225012293

Filing Summary: On May 20, 2025, Lazydays Holdings, Inc. entered into an Asset Purchase Agreement with Fun Town RV Las Vegas, LLC for the sale of substantially all assets related to its recreational vehicle dealership located in Las Vegas, Nevada, for an approximate amount of $300,000. The agreement includes provisions such as the requirement for the Asset Seller to operate the business in the ordinary course until the closing of the deal. The agreement allows for termination under specific conditions, including mutual consent and failure to close the deal by June 30, 2025. Additionally, a Real Estate Purchase Agreement was established on the same day, where an indirect subsidiary sold property for approximately $6.7 million, which is linked to the Asset Sale. These agreements include customary representations, warranties, and covenants, and detail the use of sale proceeds to repay related indebtedness.

Form Type: 8-K

Filing Date: 2025-05-14

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225010286

Filing Summary: On May 9, 2025, Lazydays Holdings, Inc. entered into an Asset Purchase Agreement with General R.V. Center, Inc. to sell substantially all assets related to their recreational vehicle sales and service dealerships in Fort Pierce, Florida, Longmont, Colorado, and Mesa, Arizona for approximately $5.6 million plus additional cash for inventory. The sale is structured to occur on a dealership-by-dealership basis with specific closing dates set for each location. Additionally, a Real Estate Purchase Agreement was made for selling dealership properties for about $21 million. A First Amendment to Limited Waiver and Consent was also executed to amend existing agreements with lenders, extending timelines for compliance with certain financial covenants.

Form Type: 10-K

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: New

Accession Number: 000162828025015640

Filing Summary: Lazydays Holdings, Inc. outlines its annual performance for the fiscal year ending December 31, 2024, marking continued operation as a leading recreational vehicle (RV) dealership across multiple states. The company, which became publicly traded in 2018, operates 22 dealerships and offers a vast selection of over 4,700 new and pre-owned RVs. In November 2024, Lazydays entered into asset and real estate purchase agreements to sell RV-related operations to Camping World Holdings, Inc. for approximately $1.0 million per facility and $48.5 million in cash for real estate locations, respectively. This strategic transaction reflects a significant shift in their operational focus, although two dealerships were notably excluded from the final agreement in March 2025. The report emphasizes the company's dedication to diversifying its products and leveraging modern digital marketing strategies to enhance its customer engagement and sales channels.