Country Coach LLC today (July 31) released additional details regarding its corporate partnerships and company events.
Junction City, Ore.-based Country Coach announced that Recreation Live LLC is completing the immediate purchase of new Country Coach motorcoaches with a wholesale value in excess of $3 million to bolster its inventory, while the Country Coach partnership is finalized. Once the partnership is approved by the court, Recreation Live expects to own approximately half of the new Country Coach, according to a news release.
Country Coach also announced a new agreement with Lee Joint Ventures, lessor of a large portion of Country Coach’s campus in Junction City. Lee Joint Ventures is owned by Ron, Bob and Terry Lee, pioneers of Country Coach. The two companies have agreed on the preparation and execution of a new five-year lease on the Junction City campus property and facilities, subject to court approval.
“We are pleased to have reached these agreements with Recreation Live and Lee Joint Ventures, and are excited about what they mean for Country Coach’s future,” said Jay Howard, Country Coach president and CEO. “With our new customer parts support now operational and our upcoming Class Reunion Rally in Oregon in three weeks, Country Coach is gaining momentum.”
Howard noted that the company’s West Coast Class Reunion Rally is nearly closed for registration, and more than 300 Country Coach owners are currently scheduled to join the Country Coach management team in Albany, Ore., for five days of food, entertainment, fellowship and RV lifestyle learning opportunities.
Howard added, “It has been very gratifying to see the many stakeholders in Country Coach’s future be to supportive and work so hard to contribute toward the company’s recovery. I want to thank each and every one for their continuing contributions to our future success.”