Family RV Group, a portfolio company of Kidd & Company, has acquired Dunlap RV Centers, an operator of recreational vehicle (RV) dealerships with four locations in Kentucky, Tennessee and Georgia.
Family RV Group is specialty retailer of new and used RV’s, related services, parts and accessories for RV owners and camping enthusiasts. The company, led by its president Wade Stepp, was founded in 1968 and is headquartered in Cincinnati (www.familyrvgroup.com).
With the buy of Dunlap RV completed, Family RV now operates nine full-service dealerships throughout Ohio, Indiana, Kentucky, Tennessee and Georgia under the brand names Colerain Family RV, Northside Family RV, and Dunlap Family RV.
“Family RV’s acquisition of Dunlap RV adheres to our strategy of geographic expansion by acquiring quality RV dealerships with strong brand recognition, high customer loyalty and strong operations,” said Ken Heuer, a Kidd & Company Principal and Family RV Board member.
Kidd & Company is the private investment arm of the Kidd Family Office and makes control equity investments in the lower middle market. The firm was founded in 1976 and is headquartered in Old Greenwich, CT (www.kiddcompany.com).
“Family RV has enjoyed a stellar reputation among their manufacturers and retail customers for delivering best-in-class sales and services for the past 50 years. From a business and cultural standpoint, it was a natural fit for us to join the Family RV team,” said Brad Soldwedel, Founder of Dunlap RV.
© 2018 Private Equity Professional | January 9, 2018