Major Investment in Roadtrek Motorhomes
2/22/2011 - Kitchener, Ontario CANADA
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Kitchener, Ontario, CANADA – February 22, 2011 - - Roadtrek Motorhomes Inc. is pleased to announce that Industrial Opportunity Partners, LLC (“IOP”, www.iopfund.com), a Chicago-based private equity firm, is going to make a multi-million dollar investment in Roadtrek within the next couple of weeks. IOP is focused on investing in middle market manufacturing businesses with strong products, customers and markets. IOP provides both financial resources and management assistance to support its investments in better serving their customers and, in turn, growing sales and earnings at such companies. Despite the recent unfavorable economic environment, they have not had a single failure among their portfolio of companies.
The last couple of years have been challenging for the RV industry a well. IOP’s investment insures that the Company has the capital to make increased ongoing investments in product improvements, new products, new markets (like China and possibly Europe) and new processes, and continues to offer limited supplemental wholesale floorplan to U.S. dealers, something Roadtrek’s competitors cannot afford to do.
The existing Roadtrek management team, led by Jeff Hanemaayer as Co-Chairman and President Jim Hammill, will continue to manage the Company. Upon completion of the IOP investment, Andy Weller, one of IOP’s Operating Principals with significant experience in manufacturing and transportation companies, will provide additional leadership as the other Co-Chairman.
“We are extremely enthusiastic about working with IOP to continue to provide our customers with an unrivalled combination of product design, quality, price and service,” exclaimed Hanemaayer.
For more information on this investment, contact Jeff Hanemaayer at the number below.
Roadtrek Motorhomes Inc. is a proud and successful member within its community. It manufactures the #1 selling class B motorhomes in North America (since 1990). For other information, visit www.roadtrek.com/PR or call 888-ROADTREK (762-3873) or firstname.lastname@example.org.
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