Kidd & Company sells Family RV Group to RV Retailer
Kidd & Company (KCO ), a family office investment firm focused on the middle market, has sold Family RV Group (Family RV) has been sold to RV Retailer, LLC, one of the largest privately-held RV dealer in the US.
Terms of the transaction have not been disclosed.
Founded in 1968 and headquartered in Cincinnati, Ohio, Family RV is a specialty retailer of new and used recreational vehicles and related services, parts and accessories. Since KCO’s initial investment in 2016, Family RV grew from four locations in Ohio and Indiana to 12 locations across Ohio, Indiana, Kentucky, Tennessee and Georgia, while further expanding its relationships and reputation with the leading RV industry original equipment manufacturers. For more information, visit www.familyrvgroup.com.
Ken Heuer, KCO principal and Family RV Board member, says: “We have been honored to work with the Jung family and all of the employees of Family RV over the last five years to generate tremendous growth, jobs and prosperity for everyone involved. 2020 was a banner year for the business, and we cannot think of a better partner for Family RV than RV Retailer to continue on the growth trajectory already established.” Chuck Jung, Family RV Executive Vice President, stated, “We appreciate the experience and resources that KCO brought to bear on behalf of the Company founded by our parents more than fifty years ago and are excited for the next stage of our growth.” Steve Jung added, “My brother Chuck and I look forward to joining the RV Retailer team, and I know all of our store associates are excited for what lies ahead.”