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Colerain RV Primed for Acquisition, Expansion

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February 11, 2016 by   Comments Off on Colerain RV Primed for Acquisition, Expansion

One of Cincinnati, Ohio’s largest – and quietest – private companies has sold a major ownership stake in the company to get financial backing so it can acquire more recreational vehicle stores.

The Cincinnati Business Courier reported that the owners of Colerain RV, who are primarily members of the Jung family, sold a stake to Connecticut-based private investment firm Kidd & Co. in late January.

“It came down to where do we want to go from here?” Chuck Jung, an owner who is executive vice president of sales, told me on Monday. “We see a great opportunity for expanding our footprint.”

“This deal of buying one every two years is too slow,” Jung told me. “I’ll be gone before I get where I want to be.”

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