Announcement • Nov 26
CIRV Group, LLC and CIRV Group Real Estate Holdings, LLC completed the acquisition of Substantially all of the Assets of Lazydays Holdings, Inc. and its Subsidiaries from Lazydays Holdings, Inc. (NasdaqCM:GORV) for approximately $140 million.
CIRV Group, LLC and CIRV Group Real Estate Holdings, LLC entered into a letter of intent to acquire Substantially all of the Assets of Lazydays Holdings, Inc. and its Subsidiaries from Lazydays Holdings, Inc (NasdaqCM:GORV) for $30 million on September 11, 2025. Consideration includes: (i) $30 million for furniture, fixtures, equipment, parts, goodwill, and other personal property (excluding RV inventory); (ii) a variable price for RV inventory based on specified methodologies; and (iii) a price for owned real property based on appraised value. After the closing, Campers Inn RV plans to continue the operation of Lazydays' dealerships in Tucson, AZ; Johnstown, CO; Seffner, FL; Knoxville, TN; and St. George, UT. CIRV Group, LLC and CIRV Group Real Estate Holdings, LLC entered into an asset purchase agreement to acquire Substantially all of the Assets of Lazydays Holdings, Inc. and its Subsidiaries from Lazydays Holdings, Inc. (NasdaqCM:GORV) for $64.9 million on October 6, 2025. As consideration, CIRV Group, LLC and CIRV Group Real Estate Holdings, LLC will pay: (i) $30 million for assets excluding RV inventory and owned real property; (ii) a variable price for RV inventory based on pricing formulas; and (iii) $34.9 million for owned real property. CIRV Group, LLC and CIRV Group Real Estate Holdings, LLC will also assume certain outstanding obligations and continue operations at select RV dealerships. As of October 6, 2025, the transaction is approved by the Board of Directors of Lazydays Holdings, Inc.
The closing of the transaction is subject to execution of a definitive asset purchase agreement; the expiration of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 waiting period (if necessary); assignment of leases and landlord consent (if required); good, marketable, and clear title to purchased assets; and approval from Lazydays Holdings stockholders and is expected to be completed on or before December 1, 2025.
Will Goodling of Stoel Rives LLP acted as legal advisor for Lazydays Holdings, Inc. Michael B. Tule of Mclane Middleton, Professional Association acted as legal advisor for CIRV Group, LLC.
CIRV Group, LLC and CIRV Group Real Estate Holdings, LLC completed the acquisition of Substantially all of the Assets of Lazydays Holdings, Inc. and its Subsidiaries from Lazydays Holdings, Inc. (NasdaqCM:GORV) for approximately $140 million on November 25, 2025. The proceeds are used to repay Senior Secured Indebtedness.
