The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Fri Jan 12, 2018
Family RV Group has announced the acquisition of Dunlap RV Centers ("Dunlap RV"), a leading RV dealership with four locations in Kentucky, Tennessee and Georgia.
"We are delighted to announce the acquisition of Dunlap RV Centers and welcome the entire Dunlap RV team to the family,” says, Family RV President Wade Stepp in a company press release. “The acquisition is another example of our commitment to expand our reach and bring our strong customer service mindset to more RV-buying communities."
Family RV Group is a portfolio company of Kidd & Company, LLC, a private investment firm located in Old Greenwich, Connecticut. The acquisition continues of its expansion strategy Family RV, which now operates nine full-service dealerships throughout Ohio, Indiana, Kentucky, Tennessee and Georgia and will significantly expand its market footprint across the region, the release states. The four newly acquired businesses will operate under the Dunlap Family RV name, with the original site in Dunlap, Tennessee now shut down.
"Family RV has enjoyed a stellar reputation among their manufacturers and retail customers for delivering best-in-class sales and services for the past 50 years,” says said Brad Soldwedel, founder of Dunlap RV. “From a business and cultural standpoint, it was a natural fit for us to join the Family RV team.”
Family RV Group also operates five other RV dealerships, under the brand names Colerain Family RV and Northside Family RV, across the Southeast and Midwest.
"Family RV Group's acquisition of Dunlap RV adheres to our strategy of geographic expansion by acquiring quality RV dealerships with strong brand recognition, high customer loyalty and strong operations," said Ken Heuer, a KCO Principal and Family RV Board member.
In 2018, Family RV Group will be celebrating 50 years of service to the RV community.