Denver RV dealers
Posted by wrherogos8 on Monday, October 29, 2012
Sydney, Australia, November
2010*** THL are delighted to bring you the news that we have
entered into an agreement with the owners of JJ Motorcars Inc., an RV
motorhome rentals business in the United States that trades as Road Bear
RV, for thl to purchase the company.
Road Bear (http://www.roadbearrv.com/ is based in Los Angeles and
operates a similar model to our New Zealand motorhome hire and
Australian campervan rental businesses. The purchase is consistent with
our strategy to build on the rentals business model that is already so
well established in New Zealand and Australia. This agreement is a
significant milestone in the history of thl. Road Bear provides an
ideal opportunity to establish a beachhead in the USA, based on an
operation that is profitable, a good fit with our existing business and
has strong potential for expansion in the largest RV motorhome market in
the world. Road Bear has a strong market position with a premium
offering. Its customer base is primarily in Germany, Switzerland and the
Netherlands, which are also core markets for our existing camper
rentals businesses. It is strongly located for tourism flows, currently
operating between 350 and 450 rental vehicles from five branches located
in tourism gateways - Los Angeles, San Francisco, Denver, Las Vegas and
New York. The vendors, Daniel Schneider and Horst Hagner will remain
with Road Bear. This acquisition brings new opportunity without
diminishing the existing operations - it will be business as usual in
New Zealand and Australia, and the group-wide focus on improving the way
we operate the business will be just as intense as before.
Meanwhile, establishing ourselves in a new market will enhance our
financial profile - it will also broaden our revenue base and smooth our
cash flow through the year, as Road Bear's high season is at the
opposite end of the calendar to that for the New Zealand and Australian
businesses. We have clearly stated for some time that our balance
sheet is strong but we need to focus more on growing the earnings of the
business.For more info,Please visit Denver RV dealers
This opportunity provides us with the scope to assist the growth of the
business whilst we continue to focus on improving the performance of
the current businesses we own. We will bring you further
information on this exciting development as needed. Our focus in the
immediate future will be to go through the necessary legal and financial
steps to complete the transaction by the target date of 31 December. In
the meantime, We take the opportunity to welcome Road Bear and all its
crew and customers into the thl group.
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