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.