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Kidd & Co., Colerain RV Acquire Northside RVs

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January 29, 2016 by   Comments Off on Kidd & Co., Colerain RV Acquire Northside RVs

Investment firm Kidd & Co. LLC announced it has recapitalized Cincinnati, Ohio-based Colerain RV concurrent with acquiring Northside RVs in Lexington, Ky. According to a press release, Colerain’s owners retained a significant equity position and will continue to manage the company.

Northside RVs founder Gary Ecklar will remain with the company as the general manager of the Lexington location. Together with Northside, Colerain now operates five dealership locations in contiguous metropolitan markets across three states.  Both businesses are leaders in their respective markets, offering customers a variety of towable TVs and motorhomes from many of the top RV manufacturers.

Colerain RV Executive Vice President of Operations Wade Stepp stated, “The acquisition of Northside RV’s represents our latest geographic expansion, and we see many more opportunities to continue to grow both organically and through acquisitions to expand our reach and bring our strong customer service mindset to more RV-buying communities in the near future.”

Chuck Jung, executive vice president of Colerain RV, noted, “Building on what our father started almost 50 years ago, we have recently added several locations and believe now is the ideal time to bring in our partners at KCO, who have experience in scaling businesses like ours.”

Ecklar added, “Both Colerain and Northside share a philosophy of customer service, and I am thrilled to be joining the team and participating in a growth strategy to create one of the premier dealerships in the industry.”

 

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