A bankruptcy court judge in Arizona has verbally approved the sale of assets of Beaudry RV Co. to Lazydays RV Center Inc. for $9,550,000, RVBusiness has learned.
Seffner, Fla.-based Lazydays, the nation’s largest single-site RV dealership, is acquiring Beaudry’s sales and service facilities, collision center and RV park, all located in Tucson, Ariz.
The purchase was court-approved Thursday (March 31), and the judge’s order is to be signed on Monday, according to an unnamed source.
Lazydays’ management declined comment.
This week’s development climaxes a long struggle for the former leading Southwest dealership, which filed for Chapter 11 reorganization bankruptcy more than two years ago.
A group of investors led by Greg Harrington and Peter Workum completed a series of transactions in mid-September to acquire Beaudry RV’s properties and operations in Tucson and Chandler. Harrington said at the time the new investors had plans to expand the company.
However, those plans quickly hit a snag and the turnaround proved impossible because of Beaudry’s current legal situation, the RV market and budget constraints.
Beaudry RV Co. subsequently suspended operations in October as bankruptcy creditors say the company’s recent sale forced its real estate loans into default. All the company’s employees were laid off and the inventory was cleared from its sales lot on East Irvington Road near I-10.
Attorneys for Bank of America, Wells Fargo and Comerica Bank — creditors in Beaudry’s 2008 bankruptcy — then filed a motion in U.S. Bankruptcy Court asking for immediate appointment of a liquidating trustee, arguing the sale violated loan documents and real estate loans in default.
Judge James Marlar of U.S. Bankruptcy Court then appointed Robert Burnand of Colliers International the liquidating trustee for Beaudry’s real estate collateral. The order gave Burnand “exclusive possession and control of all the real property and personal property” that comprises that collateral.
Burnard brokered the deal, which was revealed today.
An investors group has purchased all assets and operations of Beaudry RV Co., one of the oldest auto and RV dealerships in Tucson, Ariz.
The Fiduciary Cos. acquired Beaudry’s locations in Tucson, Chandler and Mesa, investor Greg Harrington told The Arizona Daily Star on Wednesday (Sept. 22).
The company will continue to operate under the name Beaudry.
“The name has more than 40 years of history, and we’re here to preserve it,” Harrington said.
The financial terms of the deal were not disclosed.
Beaudry RV filed for Chapter 11 bankruptcy protection toward the end of 2008 and emerged from it about a year later.
Thomas Sylvester, who was CEO of the company until the recent sale, said in previous interviews that the RV market has been difficult during the recession, with fewer people springing for the expense of the large vehicles.
Reached earlier this week, Sylvester declined to comment about the sale. Harrington said Sylvester had resigned from the company.
Harrington acknowledged the RV market has seen challenging times, but said the new investors plan to turn around and even expand the company.
Fiduciary Companies plans to expand Beaudry into other Southwestern states, he said.
While it’s been more difficult to sell the expensive Class A luxury vehicles in tough economic times, the used market is much stronger, Harrington said.
Beaudry will begin emphasizing products with lower prices, such as towables, he said.
Dundee Kelbel, a longtime Beaudry employee, will take the reins as president under the new ownership, Harrington said. Scott Beaudry will remain involved in the company as a shareholder, he said.
When the Mission of Mercy (M.O.M.) needed a new RV in order to accomplish its mission of ”providing dignity to all people and being an instrument of healing through love,” it headed to Beaudry RV Co. in Phoenix, Ariz.
The deal resulted in a discounted cost for a 2011 Monaco Diplomat. The special consideration on pricing allowed Mission of Mercy to purchase a second RV in order to expand its services, according to a news release.
The RVs will be transformed into mobile medical vans that will include patient exam rooms, a patient education area and an on-site pharmacy according to M.O.M. The mission currently serves people throughout central Phoenix, Mesa, Maryvale and South Phoenix.
“We saw an opportunity to provide for an organization dedicated to helping people in need,” said Scott Beaudry of Beaudry RV Co. “Restoring dignity to people who have suffered hard times essential. We’re just happy Beaudry RV Co. was able to help.”
Beaudry RV Co. has introduced a new storage facility and idea at Beaudry RV Resort in Tucson, Ariz.
The resort offers unoccupied storage inside the resort itself, where RV owners can leave their RVs plugged in and batteries charging for $120 per month. As of now, there are 100 sites available for unoccupied storage, according to a news release.
Off-site storage is also available and runs $90/month but does not offer plug-in opportunities. The additional $30 for unoccupied storage goes not only toward charging batteries or running A/C systems, it also offers added convenience. While parks are stocking up on park models, which act like mini-homes for Baby Boomers to relax in, Beaudry RV’s system turns the RV into a condo of sorts that owner can visit at any time. Owners are welcome to come out and use the storage at any point for the prevailing day rates. When the owner leaves, the rates return to $4/day.
“We set up this system for owners to store their RVs in the off-season,” says Dennis Shew of Beaudry RV. “It’s a win-win situation for everyone. Unoccupied storage allows us to offer services to our customers year-round and our RV owners can be confident their RVs will be up, running and ready to go whenever they show up.”
Unoccupied storage is only offered during the off-season, which runs from May through Thanksgiving. Owners are welcome to store the RV year-round, however the rates of storage during the peak winter months will reflect daily pricing, currently at $34.95/day.
Beaudry RV Co. will be welcoming gun enthusiasts throughout the summer as it hosts Arizona Arms Association Inc.’s (AAAI) Tucson Gun Show, according to a news release.
Beaudry RV will open its doors for the first in a series of gun shows on April 17. The shows run one weekend each month from April through August. Dates are as follows:
- April 17-18.
- May 15-16.
- June 12-13.
- July 17-18.
- Aug. 28-29.
Doors will open at 9 a.m. and will close at 5 p.m. on Saturdays and 4 p.m. on Sundays. Admission to the shows is $6 per person. Admission is free for members of AAAI and parking will be free for all attendees. The Beaudry site is one of the few air-conditioned gun shows of this size throughout the summer in Southern Arizona.
Thanks to Beaudry RV’s donation of the use of the Beaudry RV Center, AAAI has been able to reduce costs for vendors and attendees. “Deciding to donate the Beaudry RV Center was an easy decision for us,” says Scott Beaudry of Beaudry RV. “Many of our customers are gun enthusiasts, so it’s one more way to connect with our clients.”
The AAAI show will feature education exhibits of various weapons, with some exhibitors displaying the evolution of their product from the first years in production to now. AAAI’s membership includes nationally recognized experts in their particular fields and virtually any question regarding Arms and Armament can be answered.
Beaudry RV is the largest RV dealership in the Southwest and has been in business as an RV company since 1972. Beaudry RV sells both used and new RVs.
For more information contact Scott Beaudry at (520) 239-5054.
Company: Beaudry RV Company
Arizona-based Beaudry RV Co. is the exclusive RV dealer for NASCAR at Phoenix International Raceway (PIR) for the seventh consecutive year.
From April 5-11, Beaudry RV will be onsite with approximately 75 units to sell. There will be five sale locations throughout the PIR site, including a full RV parts and accessories store. There will also be five mobile service techs onsite. Beaudry RV will be hosting live music at Gate 1 featuring Nathan Dean. There will also be Chuck O tournaments daily with the first prize being two reserved camping spaces and four tickets for the November race.
“Offering our customers discounts for NASCAR only makes sense,” says Thom Sylvester of Beaudry RV. “We want our clients to see us as more than a singleminded RV dealer. We want them to see us as someone who thinks of them after a saleand affiliates itself with their interests.”
Beaudry RV Co. has been in business since 1970 when it opened as a small gas station. Four generations later, Beaudry RV Co. is the largest RV dealer in the Southwest.
Connecticut’s recent decision to offer one free overnight stay at rest areas was applauded by Beaudry RV Co., a leading RV dealership in Arizona. The state’s offer extends to several interstate highway welcome centers, reports RVShortStops.com.
The decision comes as more than a few states are closing state parks and abandoning hopes for RV tourism. Connecticut’s decision is a smart move for local businesses, as the stays will allow visitors to orient themselves with tourist attractions, parks, businesses and more, according to a news release from Beaudry RV.
“We feel more states should follow Connecticut’s example,” says Thom Sylvester, CEO of Beaudry RV. “With RV owners numbering in the millions, that’s a lot of revenue for states that earn a reputation as RV friendly.”
Beaudry RV Co., an Arizona native, has played a big part in making home state Arizona, an RV friendly state by providing a national RV destination.
“We built a large luxury RV resort and we try to hold several events every year to provide entertainment and an RV experience for thousands of RV owners, whether they are full timers with us or just simply passing through the state of Arizona,” said Sylvester.
Beaudry RV Co.’s 2010 Annual Western Show and Sale saw a record turnout, according to a news release.
In line with the majority of RV shows to date throughout the nation in 2010, Beaudry RV saw an increase in sales as well as a change in the overall mindset of consumers.
“Last year, people browsed but there weren’t many spenders,” said Thom Sylvester, CEO of Beaudry RV Co. “This year, consumers came ready to spend again, as was made clear with the 35 units we sold within the first three days of the show.”
Across the nation numbers have been soaring at RV shows from Florida where over 50,000 consumers attended to Grand Rapids, Mich., with doubled attendance from last year. Consumers aren’t merely browsing like last year; this year, they are opening their pocket books and spending up to double the amount of last year.
The recent results at Beaudry RV Co. are a great indicator for the economy. All signs point to the economy continuing to grow. “We couldn’t be happier about the turnout,” said Sylvester, “It’s great to see customers back in the market and ready to travel.”