An investment firm working with Country Coach Inc. founder Bob Lee has agreed to acquire and recapitalize Western Recreational Vehicles Inc. (WRV), a maker of high-end motorhomes and trailers based in Washington.
Lee, who is investing in the acquisition by Monomoy Capital Partners L.P., New York, will become chairman of the board of directors, according to a Monomoy release. Western RV will continue to operate from its 400,000-square foot manufacturing and service facilities in Yakima, where the firm employs approximately 250 workers.
Ron Doyle will continue to serve as president of WRV, and the OEM’s operating management will remain with the new firm, the release stated.
“The Monomoy acquisition is a very positive step for the WRV organization, its business partners and customers,” Doyle said. “Monomoy will provide substantial capital and management expertise for Western RV and help us successfully launch our 2007 product line.”
“Western RV is a quality company and I look forward to working alongside my longtime friend and colleauge Ron Doyle to realize the company’s full potential asx a highline manufacturer,” said Lee, a 40-year industry veteran.