News

Leading family office investment firm Kidd & Company has announced that it has sold the Family RV Group to one of the USA’s largest privately-held RV dealers RV Retailer LLC. Family RV, a speciality retailer of new and used recreational vehicles based in Cincinnati, Ohio, has 12 locations across the state as well as in Indiana, Kentucky, Tennessee and Georgia. 

Ken Heuer, KCO principal and Family RV board member said: “We have been honoured 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.”

Meanwhile, Chuck Jung, Family RV executive vice president, added: “We appreciate the experience and resources that Kidd & Company 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 We look forward to joining the RV Retailer team, and I know all of our store associates are excited for what lies ahead.”

The acquisition for RV Retailer comes just a few weeks after it confirmed it had also bought one of the premier family-owned RV dealerships in Carolina: Carolina Coach & Camper, taking the number of stores it owned to 55. This purchase of Family RV Group will add a further 12 locations.

Story first reported on Cision PR Newswire.