Nation's Largest RV Retailer, FreedomRoads, Announces the Acquisition of Stout's RV
LINCOLNSHIRE, Ill.--Oct. 5, 2004--| Acquisition adds another leading dealership to company with revenues well above $1 billion and sales volume exceeding 34,000 units |
FreedomRoads, LLC., the nation's largest recreational vehicle retailer, today announced the acquisition of Stout's RV of Greenwood, Indiana. The acquisition further solidifies the company's market position in the Midwest, and established a presence in the robust Indianapolis metropolitan market.
Founded in 1979, Stout's RV Sales is Indiana's largest motor home dealer. In 1990 a new facility was built at I-65 and Greenwood exit 99, a prime location on 15 acres.
According to FreedomRoads Chairman, CEO and Co-Founder Marcus Lemonis, "Stout's is an ideal dealership in an important market, and the match could not be better. We are looking forward to integrating this excellent dealership into the FreedomRoads network."
Johnny Sirpilla, Mid-America Regional President and FreedomRoads Co-Founder commented, "It is an honor to have the Stout's team join the Mid-American Region of Freedom Roads. Prior to joining Freedom Roads, I was fortunate enough to participate for ten years in the Gorman 20 Group with Joel Rose, the dealership's General Manager. I was continually impressed with the marketing strategies and outstanding growth that Harold Stout and Joel Rose were able to produce at Stout's," he asserted. "They have been industry pioneers and professionals in all aspects of the business. We've all benefited from the quality operation they've run and it will be a pleasure to work with them again," he continued. Regarding the future, Sirpilla added, "Looking ahead, Freedom Roads has some exciting marketing opportunities planned for their market. The strength of their team is a welcomed force as we continue to grow and develop new markets."
Stout's founder and CEO Harold Stout articulated his reasons for joining FreedomRoads, commenting "I've been approached before but really was never interested until I was approached by FreedomRoads. They offer the best opportunity for growth, and the top notch quality of the dealers in their networks like Randy Thompson and Johnny Sirpilla made the decision easy for me. Our associates are hearing more about this and they are also getting very excited about becoming part of something bigger. The time is right, the industry is growing and this company has great momentum," he said, "the outlook is very bright."
According to Stout's Vice President and General Manager Joel Rose, "Everyone we've talked to who has joined FreedomRoads has not regretted it, in fact, they are more enthusiastic today then they were when they joined. That is the kind of group we want to be part of."
About FreedomRoads
FreedomRoads is a dynamic national network of well-established local and regional RV dealerships who have united to benefit customers, employees, suppliers and the RV industry. FreedomRoads operates as a multi-store retail chain engaged in the retail sale, finance and service of recreational vehicles.
FreedomRoads is America's largest RV retailer. It currently employs over 1800 associates and owns and operates 49 locations in 19 states including; Alabama, California, Colorado, Florida, Illinois, Indiana, Michigan, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah and Washington.
FreedomRoads stocks over 300 Million dollars of new and used recreational vehicle inventory and retails over 34,000 units annually. For additional information, please visit http://www.FreedomRoads.com, where more than 6,000 recreational vehicles are available for sale.