Top RV dealership changes hands in $115M deal

TAMPA — Andina Acquisition Corp. II, a New York-based special-purpose acquisition company, has agreed to buy Tampa-based Lazydays R.V. Center Inc. and its affiliates from private investment funds managed by Wayzata Investment Partners LLC and other minority shareholders.

According to a press release, the sale price was $85 million in cash and approximately 2.9 million common shares of the combined company. Andina shares were trading at $10.21 a share on Friday, worth about $29.6 million. That puts the total value of the deal at around $115 million.

Lazydays operates the world's largest recreational vehicle dealership, on 126 acres outside Tampa and also has regional dealerships in Tucson, Ariz., and Loveland, Denver and Longmont, Colo. It employs more than 700 people.