A & F Realty, a subsidiary of Lerman Enterprises, has acquired a majority share interest in Nexus RV LLC, according to a news release.
Founded in 1947, Lerman Enterprises is one of the largest steel processors and distributors in the United States with over 20 facilities in Brazil, Mexico, and the U.S. with annual net revenue over $1.5 billion.
“We are excited to increase our investment with Nexus RV. Our research showed the Nexus RV products are well received by the dealer network and retail customers,” stated Ted Lerman, CEO of Lerman Enterprises. “When a company grows as fast as Nexus RV it requires capital. Now Nexus RV is well funded and can continue their trajectory to be a top-tier manufacturer.” Lerman Enterprises has been a shareholder since 2010.
“It is great to have the financial support to grow the company,” stated Dave Middleton, president, and co-founder, Nexus RV. “We have doubled our business in 2018 and we now have become one of the fastest growing motorhome companies in the RV industry. Having Lerman Enterprises believe in the company and our plan will allow us to get to the next level.”
Nexus co-founder Claude Donati noted, “We have built our brands on the best construction features in the industry, our all steel cage construction and quality materials separate us from any of the other bigger companies. As we continue to add dealers to our network, we hear dealers say they appreciate the fact we do not clone our products.
“We have retail sold nearly what we have wholesaled to the dealers,” Donati, continued, “That is the most important metric we look at.”