MVP RV Acquisition Corporation Purchases Thor California
(Moreno Valley, CA) - MVP RV Acquisition Corporation, an affiliation of top executives at Thor California, Inc., announces it has entered into a definitive agreement to purchase Thor California, Inc., the Moreno Valley-based subsidiary of Thor Industries, Inc.
The new ownership team is comprised of Brad Williams – who served as Director of Service, Roger J. Humeston – Vice President of Finance, and Pablo Carmona who served as Director of Operations, for Thor California, Inc. Once the acquisition is complete, Thor California products will be marketed under the company name “MVP RV.”
MVP RV will continue to manufacture the highly successful lines of recreational vehicles including Wave, Summit and Jazz brand travel trailers and fifth wheels along with Tahoe and Vortex toy hauler lines, previously produced by Thor California.
“The new management team has a visionary strategy for the development of MVP RV,” said President and CEO Brad Williams. “The face of the RV industry is changing dramatically and we plan on having a lasting impact as we chart a new course.”
“The transition provides a unique opportunity to ‘right-size’ the company and position MVP RV for sustained growth and profitability,” explained Chief Financial Officer Roger J. Humeston. “We believe we will be uniquely poised to capitalize on the market when it rebounds.”
“MVP is committed to producing high-value, high-quality, RVs that exceed the needs of our dealers and customers,” said Chief Operations Officer Pablo Carmona. “We are confident in the abilities of our team to design and produce innovative new floor plans with desirable features.”
MVP RV, Inc. employs 250 people and retains a 125-member dealer network spread across 11 western states and Canada.
Best Best & Krieger LLP of Riverside, CA represented the ownership team.
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